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Market Snapshot: Produced Water Management

Oil and gas drilling currently yield a lot of waste, including produced water. However, new technological solutions could potentially transform produced water into a resource. Produced water is the byproduct of oil and gas extraction, which, depending on the chemistry of  the underground rock formations containing the trapped petroleum, can be 10 times more saline than seawater. It can also contain varying amounts of oil residue, debris, bacteria, and naturally occurring radioactive materials (NORM). However, with technological advancements, produced water could become a resource. It has the potential to be reused in drilling operations, which would lessen the industry’s dependence on freshwater for oil and gas exploration. If successfully treated, produced water could be used to replenish groundwater aquifers where water is scarce.

As drilling increases so does the generated volume of produced water, and in some cases an increase in earthquakes. In 2017, the total U.S. volume of produced water was 24,392,000,000 bbl (23,816,000,000 bbl generated by onshore wells and 576,000,000 bbl for offshore wells). The state which contributed 41% of the national total was Texas. Other states with high produced water volumes included California, Oklahoma, Wyoming, and Kansas. More recently, in 2021, the Produced Water Consortium estimated the quantity of produced water in the Permian Basin alone was approximately 170 billion gallons per year. For more information, the U.S. Geological Survey maintains a helpful database of produced water compositions across the United States.

With so much volume, what happens to produced water? Presently, the cost of disposing produced water ranges from $0.40-$1.00/bbl, and the treatment costs range from $2.55 to $10 per barrel. The market for produced water treatment is forecast to reach $14.86 billion by 2030, up from $9.10 billion in 2021, which is a Compound Annual Growth Rate (CAGR) of 5.2%. The produced water treatment market has three main drivers, which are the increase in oil and gas drilling, the depletion of freshwater sources, and the rising population. Bringing the market discussion back to Texas, there is significant market potential in the Lonestar state. In the Permian Basin alone, there is approximately a $12 billion market for the disposal and treatment of produced water.

Key players in the produced water treatment market include Siemens Energy AG (Germany), Schlumberger Limited (France), CETCO Energy Services Company LLC (U.S.), TechnipFMC plc (U.K.), Halliburton (U.S), Ovivo (Canada), Enviro-Tech Systems (U.S.), Suez S.A. (France), and Sulzer (Switzerland).

Finding environmentally friendly ways of reusing and disposing of produced water is a technical challenge that innovative technology could potentially address. One challenge is the presence of NORM. According to the EPA, many states with oil and gas production facilities are currently creating their own NORM regulations. The U.S. Department of Energy (DOE) recently sought low-cost water treatment technologies to recycle produced water. Among the ways that produced water could potentially be reused, DOE listed power generation, vehicle and equipment washing, fire control, and even non-edible crop irrigation.  Other initiatives include the National Energy Technology Laboratory (NETL) collaboration with the Lawrence Berkeley National Laboratory (LBNL). Their $5 million initiative seeks a framework for the beneficial reuse and positive environmental impact of produced water, called PARETO (Produced Water Application for Beneficial Reuse, Environmental Impact and Treatment Optimization). Moreover, a recently published model seeks to increase sustainability by incorporating the reuse of treated produced water in agriculture and a constructed wetland, as well as aquaculture production, and biogas and compost production.

To learn more about the future of produced water, take a look at the upcoming Produced Water Society Annual Seminar hosted by the Produced Water Society. A prominent feature is networking opportunities with produced water experts to discuss the existing solutions as well as technological innovations to ensure sustainable oil and gas production. The Produced Water Society Annual Seminar is currently accepting abstracts.

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Market Snapshot: Blue Economy

Approximately 71 percent of the Earth’s surface is covered by water, 96.5 percent resides in the oceans. The ocean’s resources provide countries with a myriad of economic opportunities—in fact over 3 billion people rely on the ocean for their livelihood. It makes up a significant portion of the Blue Economy. The World Bank defines the blue economy as “the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems.”

The global blue economy is valued at $2.5 trillion annually, and is projected to double in size by 2030 when compared to 2010 figures. Numerous industries are included in the blue economy such as offshore renewable energy, maritime transport, sustainable seafood, and oceanographic research. Fisheries and aquaculture, provide about 260 million jobs and contribute approximately $100 billion per year to the global economy. The blue economy also has a positive impact on climate change by supporting green energy with various forms of offshore renewable energy.

In the U.S., NOAA reports that the American blue economy contributed approximately $373 billion to the nation’s gross domestic product and supported 2.3 million jobs in 2018. In June 2022, the White House announced its first-ever Ocean Climate Action Plan, with recommended steps to improve the conditions of the ocean. More recently, the concept of the New Blue Economy has been introduced, which improves upon the traditional blue economy by harnessing the power of big data.

Innovative technologies that can drive the blue economy have caught the attention of various U.S. agencies and national labs. NOAA, for example released its Blue Economy Strategic Plan (2021-2025), which focuses on five sectors: marine transportation, ocean exploration, seafood competitiveness, tourism and recreation, and coastal resilience. The DOE National Renewable Energy Laboratory (NREL) is interested in exploring the blue economy as it relates to marine energy, and sees many potential market opportunities in desalination, isolated power systems, aquaculture, and more.

Interested in learning more? A variety of conferences focusing on either the ocean economy or blue economy will be held in 2023. In February, Portugal will host the 10th annual World Ocean Summit & Expo. Then in March, Duke University will hold its second-annual Blue Economy Summit. Also, the annual Our Ocean conference, which began as a U.S. Department of the State initiative, will take place in Panama in March.

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Market Snapshot: Direct Air Capture and Conversion of Carbon Dioxide to Chemical Products

The pursuit of technologies that can reduce the amount of carbon dioxide in the atmosphere is becoming more crucial. Findings from the Sixth Assessment of the Intergovernmental Panel on Climate Change (IPCC), show that as of 2020, there can only be an additional 500 gigatons (Gt) of CO2 emitted to have a chance of preventing warming from exceeding 1.5o C. Therefore, industries such as the chemical industry, which produce widespread carbon dioxide emissions are being charged with finding new ways to limit the carbon footprint of the industry. One potential solution is direct air capture (DAC), which involves carbon-neutral or negative methods for producing commodity chemicals. DAC systems are a potentially viable option to be combined with conversion to green commodity chemicals.

According to MarketsandMarkets, the carbon capture, utilization, and storage market size is $2.4 billion in 2022 and is predicted to reach $4.9 billion by 2027 with a compound annual growth rate (CAGR) of 15.1%. The increase in the number of environmental regulations is driving the need for carbon capture technologies. One of the major challenges of storage technologies is the possible leakage of CO2, which can cause contamination of water and acidification of soils, as well as leakage through wells. Frost & Sullivan also provides market information for carbon capture technologies and their short term applications including coal-fired power plants, cement manufacturing, iron and steel, and chemical production. Direct air capture systems will help to have a larger impact on decarbonization strategies long term.

The Institute for Global Sustainability at Boston University published a market scan for direct air carbon capture and storage. The cost estimates for Direct Air Carbon Capture and Storage (DACCS) systems range from 100-1,000 $/tCO2 captured depending on the technological readiness and scale of deployment. The needs of direct air capture technologies include a verification system for the amount of CO2 that is permanently stored, and an accounting framework for the net reduction in atmospheric C02. However, it cannot be used as a substitute for emissions reduction, and it needs to be incorporated into regulatory schemes for emissions reduction compliance while not exacerbating energy and environmental inequities in marginalized communities. There is currently no city or municipality using direct air capture as a part of their climate action plan, but new federal initiatives could accelerate the use of direct air technologies. Additionally, the Inflation Reduction Act specifies credits of $180/metric ton for DACCS projects using geological storage.

The U.S. Department of Energy (DOE) is supporting regional direct air capture hubs to remove carbon from the atmosphere. The four large-scale hubs will involve carbon dioxide removal projects including the widespread deployment of direct air capture technologies. The DOE’s Office of Fossil Energy and Carbon Management (FECM) is investing in research of DAC technologies and helping bring them to market. More than $1 billion has been invested by government agencies and private investors for these technologies and over $350 million has been invested in the National Carbon Capture Center where scientists are working on developing DAC systems. The office also provides an interactive diagram for carbon management provisions which provides funding opportunities and fact sheets for the different subsections of carbon management, that can be accessed here.

Some of the upcoming conferences on carbon in 2023 are listed below with links to the events included.

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Market Snapshot: Space Mining

It’s not difficult to imagine miners panning for gold during the 1800s, but what exactly would mining in space look like? That is one area that NASA’s Space Technology Mission Directorate (STMD) is looking to develop.

Missions like the Lunar Prospector, Chandrayaan-1, Lunar Reconnaissance Orbiter (LRO), and the Lunar Crater Observation and Sensing Satellite (LCROSS) have taught us that ice, referred to as “water ice” exists on the poles of the Moon, and it is present in permanently shadowed regions (PSRs), where temperatures are low enough to keep water in a solid form despite the lack of atmospheric pressure. However, unsurprisingly, there are a few challenges that come with mining on the moon. For example, desorption and sublimation can occur at temperatures as low as 150 K, and the inverse challenge exists with water collection – unless the water vapor is under pressure, extremely cold temperatures will be necessary to capture it. To address this, NASA is seeking methods to acquire lunar water ice from PSRs and, oxygen from lunar water. While a lunar water prospecting mission is needed to fully understand the utilization potential of water on the lunar surface, NASA recognizes the need to make progress on the technology needed to extract oxygen from dry lunar regolith – a blanket of dust, broken rocks and other superficial deposits layered on the rock surface of the moon.

Mining in space isn’t just interesting to read about, the market potential for this area is growing. MarketsandMarkets reports that the space mining market was valued at $0.49 billion in 2017 and is expected to reach $2.84 billion by 2025, at a compound annual growth rate (CAGR) of 23.6%. The US is expected to grow at the highest CAGR due to the upcoming space exploration and mining missions by NASA and private players in the U.S., such as Deep Space Industries and Planetary Resources, increasing investments by private players in asteroid mining companies, and growing number of government initiatives to boost space exploration activities. The U.S. government updated commercial space legislation with the passage of the Spurring Private Aerospace Competitiveness and Entrepreneurship (SPACE) Act of 2015 (also known as Commercial Space Launch Competitiveness Act) in November 2015, which explicitly allows US citizens to engage in commercial exploration and exploitation of space resources, such as water and minerals. Additionally, the U.S. Space Force (USSF), the newest branch of the Armed Forces, was established in December 2019 with enactment of the Fiscal Year 2020 National Defense Authorization Act.

In addition to lunar water ice from the PSRs, data from NASA Lunar Reconnaissance Orbiter (LRO) spacecraft uncovered new evidence that the Moon may be rich in metals such as iron and titanium. The hypothesis is that large meteors hitting the Moon have excavated these metal oxides from beneath the Moon’s surface – suggesting concentrations of the metal underground. Previous research and geological surveys have shown than the Moon contains three crucial resources: water, helium-3, and rare earth metals. While enabling technologies are still under investigation, one technique that has recently generated interest is “ablative arc mining,” which is part of a project led by Amelia Greig, an assistant professor of mechanical engineering at the Aerospace Center at the University of Texas in El Paso. Dr. Greig’s project was recently chosen as part of the Phase I Fellows program for NASA’s Institute for Advanced Concept (NIAC). Other innovative ideas are likely to emerge during Lunabotics, NASA Kennedy Space Center’s robotic mining competition, which is one of NASA’s Artemis Student Challenges – when registration closed in September, more than 50 teams had registered to compete in the 2021 challenge. 

Today, major players and space agencies in the space mining market include Deep Space Industries (US); Planetary Resources (US); Moon Express (US); ispace (Japan); Asteroid Mining Corporation (UK); Shackleton Energy Company (SEC, US); Kleos Space (Luxembourg); TransAstra (US); OffWorld (US); SpaceFab.US (US); National Aeronautics and Space Administration (NASA, US); European Space Agency (ESA, France); Japan Aerospace Exploration Agency (JAXA, Japan); China National Space Administration (CNSA, China); and Russian Federal Space Agency (ROSCOSMOS, Russia).

Looking ahead, Earth & Space 2021: Engineering for Extreme Environments will be held VIRTUALLY April 19-23, 2021 and will include a symposium on Exploration and Utilization of Extra-Terrestrial Bodies. The Space Resources Roundtable (SRR) and the Planetary & Terrestrial Mining Sciences Symposium will hold their 11th joint meeting virtually the week of June 7-11, 2021.

 

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Market Snapshot: On Farm Natural Resources and Renewable Energy

Renewable energy is a popular topic these days with new users and application areas maturing in all sectors. As agriculture begins to incorporate renewable energy into everyday operations, innovative technologies and initiatives can help promote energy efficiency and conservation. The use of renewable energy in agriculture holds the promise of reducing operation costs, increasing energy efficiency, and increasing profits while utilizing natural resources. Given the availability of resources in this sector – wind, solar, geothermal energy, and other feedstocks – the potential to create scalable solutions that serve multiple and individual farms is increasing.

According to the United States Department of Agriculture (USDA), the number of U.S. farms fell sharply until the early 1970s after peaking at 6.8 million farms in 1935. However, while the number of U.S. farms has continued to decline since the 1970s, the rate of decline has slowed. In the most recent USDA survey there were 2.02 million U.S. farms in 2019 utilizing 897 million acres of land. The average farm size was 444 acres, which is slightly greater than the 440 acres recorded in the early 1970s. In 2019, family farms, commonly defined as a farm where the majority of the business is owned by the operator and individuals related to the operator, accounted for nearly 98 percent of U.S. farms, and small family farms accounted for 90 percent of all U.S. farms. By contrast, large-scale family farms, make up about 3% of farms but 44 percent of the value of production.

So, what does the number of farms mean for energy use? The EPA reports that agriculture accounts for 10% of all greenhouse gas emissions in the U.S., and that doesn’t include land and water usage. This sector both uses and produces energy, which makes energy an expense as well as a source of potential income. On-farm renewable energy generation is seen as offering the opportunity to diversify farm business and offset emissions from other farm activities while reducing energy costs. To realize these goals, farmers are tapping into the wide range of options for renewable energy generation. According to the 2017 Census of Agriculture, the number of farms with renewable energy producing systems increased from 57,299 in 2012 to 133,176 in 2017.

While not every option will be suitable for every farm, the following list provides a brief overview of some of these sources.

  • Bioenergy: Biomass energy can be made up of sugars and oils from plants and used to make fuel for vehicles (Biofuel or Biodiesel). Additionally, the burning of biomass for heat or electricity is simply called Biopower. Both of these offer the potential for generation and use in the agricultural sector and beyond.
  • Geothermal: Geothermal energy can be expensive to set-up, but reports indicate that the long-term benefit makes this cost worthwhile to farmers. In this case, farm buildings could use geothermal heat pumps to exchange air temperature and ground temperature year round, keeping buildings cool in summer and warm in winter.
  • Solar: Agricultural applications of solar energy can take many forms, some of which have been used for years. For example, the sun’s energy can be used for passive heating of greenhouses or as solar thermal heating for hot water systems. With photovoltaics (PV) solar energy can be used to produce electricity. Farm-produced solar energy can be sold as a commodity or used to power the farm itself.
  • Wind: With wind energy, turbines produce electricity from wind, and can provide a large portion of the average power needed by a farm. However the turbines must be located in high wind areas and typically require at least one acre of land to produce enough energy.
  • Hydropower: Hydropower is also dependent upon the farm’s location – for this form of renewable energy the force of fast moving, falling, or flowing water is used to produce or capture energy. In agriculture, on-farm hydropower generation can be used to power the farm directly, or it can be connected to the electrical grid to offset electricity consumption.

The USDA offers a variety of links and resources for this topic and provides information on work being done in this area by other agencies as well as by individual states. A listing of agriculture conferences scheduled for 2021 is available here.

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Market Snapshot: Biofuels

While it may seem like anything can be turned into renewable energy these days, biomass is unique in that it can be converted directly into liquid fuels, called biofuels to help meet transportation fuel needs. The two most common types of biofuels in use today are ethanol and biodiesel, these are also known as “drop-in” fuels, meaning they can serve as petroleum substitutes in existing refineries, tanks, pipelines, pumps, vehicles, and smaller engines.

According to BCC Research, the global liquid biofuels market should reach $153.8 billion by 2024 at a compound annual growth rate (CAGR) of 2.2% for the forecast period of 2019 to 2024. The following sections break this broader market down into the markets for ethanol and biodiesel.

Ethanol is an alcohol most commonly made by fermenting any biomass high in carbohydrates through a process similar to beer brewing, but it can also be produced by a process called gasification, which uses high temperatures and a low-oxygen environment to convert biomass into synthesis gas, a mixture of hydrogen and carbon monoxide. The resulting synthesis gas (syngas) can then be chemically converted into ethanol and other fuels. Typically, ethanol is used as a blending agent with gasoline to increase octane and cut down carbon monoxide and other smog-causing emissions. MarketsandMarkets reports that the global bioethanol market is projected to grow from $33.7 billion in 2020 to $64.8 billion by 2025, at a CAGR of 14.0%, from 2020 to 2025. Demand for bioethanol is driven by the mandatory use of bioethanol fuel blends in many countries to reduce greenhouse gas (GHG) emissions and increase the fuel efficiency of the vehicles.

In terms of the different fuel blends, the E10 segment is projected to be the largest market for bioethanol given that European countries and other regions have mandated the use of E10 fuel blends in vehicles to lower the GHGs emission rate. Additionally, a small percentage of bioethanol can be mixed with the pure gasoline to prepare bioethanol blends, which burn more efficiently and produce zero carbon emission. As a result, the use of bioethanol fuel blends is mandated in many countries around the world. Based on these factors, transportation is projected to be the largest end-use segment of the bioethanol market in terms of value and volume.

Biodiesel, the other biofuel, is made by combining alcohol with vegetable oil, animal fat, or recycled cooking grease, and can be used as an additive to reduce vehicle emissions or in its pure form as a renewable alternative fuel for diesel engines. Although the pace of research interest had slowed, research into the production of liquid transportation fuels from microscopic algae, or microalgae, is on the upswing at NREL. According to BCC Research, the global market for biodiesel reached $35.1 billion in 2019 and should reach $49.2 billion by 2024, at a CAGR of 7.0% for the period of 2019-2024.

Oil crops such as rapeseed, palm, or soybean are the largest source of biodiesel, which makes it a sustainable alternative compared to conventional diesel. Furthermore, biodiesel meets both the biomass-based diesel and overall advanced biofuel requirement of the Renewable Fuel Standard – it also meets specifications created by the American Society of Testing and Materials (ASTM) for legal diesel motor fuel (ASTM D975) and the definition for biodiesel itself (ASTM D6751). Pure biodiesel is referred as B100 (100% biodiesel) but is rarely used given that existing diesel engines may not be suitable for pure biodiesel. Therefore, just as with ethanol, blends are used that have a certain proportion of biodiesel mixed with fossil diesel. Most of the current diesel engines are capable of handling biodiesel blended fuels – the most common blends currently in use are B5 (up to 5% biodiesel) and B20 (6% to 20% biodiesel).

In February of 2020 the Environmental Protection Agency (EPA) released the Renewable Fuel Standard Program: Standards for 2020 and Biomass-Based Diesel Volume for 2021 and Other Changes which set renewable fuel percentage standards every year. The close ties between the agriculture industry, transportation, and others is also an important area for growth, in May of 2020 the U.S. Secretary of Agriculture announced that the U.S. Department of Agriculture intends to make available up to $100 million in competitive grants for activities designed to expand the availability and sale of renewable fuels under the Higher Blends Infrastructure Incentive Program (HBIIP). Looking for more? The Europe & North America Advanced Biofuels Summit 2021 will be held virtually in April 2021.

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Market Snapshot: Emerging Applications for Low Noise Amplifiers (LNAs)

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Market Snapshot: Emerging Applications for Low Noise Amplifiers (LNAs)

As the Department of Defense (DoD), SpaceX and commercial vendors look to increase connectivity and expand available bandwidth, innovators are exploring new ways to fulfill this need. One such approach is through the use of E-band. Recently, the U.S. Federal Communications Commission established that portions of E-band are available in the U.S. for high density, high data rate wireless services that will enable point-to-point communications, SATCOM, and 5G services. Furthermore, the International Telecommunication Union has permitted several bands for radio and satellite operations with SpaceX applying to use portions of E-band in their Starlink Gen2 satellite constellation. The use of E-band offers the potential for many new opportunities, including new high-resolution imaging and surveillance sensors for DoD systems and commercial applications such as autonomous vehicles.

So, what is E-band, and how can it be leveraged for commercial use? In brief, the waveguide E-band is in the EHF range of the radio spectrum (60 GHz to 90 GHz) which corresponds to the recommended frequency band of operation of WR12 waveguides. These frequencies are equivalent to wave lengths between 5 mm and 3.333 mm. In October 2003, the Federal Communications Commission (FCC) ruled that spectrum at 71 to 76 GHz, 81 to 86 GHz and 92 to 95 GHz would be available for high-density, fixed wireless services in the United States. In June 2020, SpaceX applied for use of the E-Band in the Starlink Gen2 constellation. Generation 2 Starlink Gen2 satellites will include 71 – 79 GHz and 81 – 86 GHz operational frequencies. To operate in this range, low noise amplifiers (LNAs) are used to amplify a low strength signal to a significantly high power level while minimizing noise signals to improve the output. Low noise amplifiers are typically made using the following materials: silicon-based LNA, gallium arsenide based LNA and silicon-germanium based LNA.

Low noise amplifiers are most commonly used for radar and communication systems in satellites, aircrafts, and ships, but are also finding opportunities in wireless infrastructure, wireless LAN interfaces, cellular telephone, GPS, LTE, set-top boxes and biomedical devices. The market for LNAs is expected to grow in healthcare, aerospace & defense, consumer electronics, automotive and other applications through the increasing adoption of low noise amplifiers in consumer electronics as well as the healthcare industry. With the United States, South Korea and Japan launching 5G networks, the market potential for low noise amplifiers, which are extensively used in mm-wave phase array technology used in 5G wireless cellular technology, is growing. IndustryARC reports that the global low noise amplifier (LNA) market is estimated to surpass $4.25bn by 2024, growing at a CAGR of 15.23% during the forecast period 2018-2024. This growth is being driven by the increasing design complexity in consumer electronics and the rapid adoption of LTE technology.

Analysts report that some of the key players in the global low-frequency amplifiers market are NXP Semiconductors N.V. (the Netherlands), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), L3 Narda-MITEQ (U.S.), Qorvo, Inc. (U.S.), Skyworks Solutions, Inc. (U.S.), ON Semiconductor Corp. (U.S.), Panasonic Corp. (Japan), Texas Instruments, Inc. (U.S.), Teledyne Microwave Solutions (U.S.), Atmel Corporation (U.S.), Microchip Technology Inc. (U.S.), Toshiba Corporation (Japan), Diodes Incorporated (U.S.) and more. These players are said to make up a highly fragmented market that looks to mergers & acquisitions, innovation, and brand reinforcement among the leading players to maintain and grow their position in the market. This potential and growth is illustrated in the May 2020 SpaceX Application For Approval For Orbital Deployment And Operating Authority For The SpaceX GEN2 NGSO Satellite System before the Federal Communications Commission which discusses the use of E-band in emerging communications applications.

To learn more about the DOE Phase 0 program , view the eligibility criteria.
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Market Snapshot: Respiratory Virus Detection

The need for rapid, non-invasive, and accurate testing for viral respiratory infections has perhaps never felt greater. Presently, researchers, public health officials, and others are looking into the plausibility and potential for a mobile, handheld, or badge-type detection system as a diagnostic tool to screen breath for the presence of communicable respiratory viral infections, particularly those with pandemic potential. These tools could be used as a personal health monitor or at check points in office buildings, arenas, airports, subway systems, and borders. Fortunately, advances in the development and adoption of point-of-care testing (POCT) solutions may provide solutions to this challenge by quickly identify infectious diseases and providing actionable information to improve disease management.

While COVID-19 has opened up the market for point of care testing of respiratory infections and driven competition in this space, the market includes the need for testing of approximately 20 different respiratory pathogens. Multiplexed point-of-care testing (xPOCT) refers to the simultaneous on-site detection of different analytes from a single specimen and is reportedly creating market confusion while also lowering costs and improving care. Given the pervasive nature of common respiratory infections, as well as the pandemic potential of others such as COVID-19, the potential market is enormous. Respiratory diseases are already the largest infectious disease category and could multiply in size providing a growth opportunity for diagnostic companies. 

According to a report from ResearchDive, the respiratory disease testing industry in 2020 was valued at $10.6 billion before the beginning of the COVID-19 pandemic, and the projected compound annual growth rate (CAGR) was 8.4% during the forecast period of 2020—2026. However, the CAGR of the global industry is now expected to be 9.2% throughout the estimated timeframe, 2020—2027 based on the impact of the COVID-19 pandemic with the market size projected to cross $20.1 billion by 2027. While COVID-19 diagnostics is dominating the headlines, the total respiratory disease test market consists of diagnosis, severity assessment, treatment monitoring, and evaluation of prognosis in conditions such as influenza, asthma, tuberculosis, pneumoconioses, chronic obstructive pulmonary disease (COPD), obliterative bronchiolitis, mesothelioma, and silicosis. 

There are two main types of POCT used today, immunoassay-based tests and molecular tests. The immunoassay tests detect analytes extracted from a potentially infected patient, and then assessed for microbial antigens and host antibodies. Molecular POCT are polymerase chain reaction (PCR)-based tests which have a higher sensitivity and specificity compared to immunoassay tests or rapid antigen detection tests (RADT).  MarketsandMarkets reports that the global point of care molecular diagnostics market was valued at $632.5 million in 2017 and is projected to reach $1,440.2 million in 2023, at a CAGR of 14.7%. However, the molecular diagnostics segment only makes up 20% of the infectious disease POCT market in the United States. Despite this small percentage, North America is expected to account for the largest share of the global POC molecular diagnostics market. This is attributed to the growing prevalence of infectious diseases, increasing number of CLIA product approvals, and rising government initiatives – however, Asia Pacific is expected to grow at highest CAGR.

Frost & Sullivan provides extensive coverage on these markets and reports that near-patient testing may provide more accurate results than when patient samples have to be transported to laboratories, mistakes carried out during sample handling prior to testing can lead to a 32-75% margin of error, which can cost anywhere from $200 to $2000 per incident. Furthermore, the molecular POC tests have clinically proven better sensitivity and specificity (>95% on an average). The following are identified as major growth areas in this market:

  • New multiplexing ecosystems able to test for multiple infectious diseases
  • Smartphone-based POCT
  • Biochip Array Technology (BAT)
  • Lab-in-a-Drop
  • Host Biomarkers
  • Paper-based Assays (PBA)
  • Portable Molecular Diagnostics (MDx)

While POCT is an established market, technology gaps exist with these test methods, according to a May 2020 research paper which reports that traditional approaches based on pathogen DNA/RNA and protein detection using, respectively, PCR‐based or protein‐based methods in traditional laboratory instruments are not useful when looking to reduce the spread of COVID-19 infections. Additionally, today a Respiratory Pathogens Panel (RP panel) is only performed using one of two semi-invasive methods, nasopharyngeal swab or nasal aspirate. However, researchers are working to develop less invasive, rapid test methods that include breath analysis. Recently, a pilot study out of Children’s Hospital of Philadelphia  analyzed the breath composition of patients with SARS-CoV-2 infection (COVID-19) and discovered six volatile organic compounds more common in infected patients which helps researchers to develop a framework upon which to build a future ‘breathalyzer’ test for SARS-CoV-2 infection in children. Looking to the future, a triad of approaches (human, animal, and in vitro cell culture studies) has allowed researchers to identify candidate breath biomarkers that can be carried forward into larger studies.

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Market Snapshot: Supply Chain Security

We all remember saying, “Where is all of the toilet paper?!” With the onset of the COVID-19 pandemic, supply chains – something we tend to take for granted – began gaining increased attention. Supply chains effect everything from the delivery of materials from a supplier to the manufacturer all the way through to its eventual delivery to the end user. In addition to these noteworthy challenges, the need to provide enhanced security in supply chain transactions is garnering increasing attention. Enter – blockchain – a method that will provide increased security and minimize cyberattacks on the supply chain.

MarketsandMarkets reports that post-COVID-19, the global logistics & supply chain industry market size is expected to grow at a Y-O-Y rate of 17.6% from 2020 to 2021, to reach $3,215 billion in 2021, up from $2,734 billion in 2020. This growth is primarily driven by the increasing supply of essential commodities, the creation of supply chain stabilization task force to fight COVID-19, and growing demand and distribution of personal protective equipment. With this overall growth comes an Increasing need for supply chain transparency and a rising demand for enhanced security of supply chain transactions. According to MarketsandMarkets, the global blockchain supply chain market size was $82.1 million in 2017 and is projected to reach $3,314.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 87.0% during the forecast period.

The blockchain supply chain market ecosystem is made up of notable vendors, such as IBM (US), Microsoft (US), Oracle (US), SAP SE (Germany), AWS (US), Huawei (China), Bitfury (Netherlands), Auxesis Group (India), TIBCO Software (US), BTL Group (Canada), Applied Blockchain (UK), Guardtime (Estonia), Nodalblock (Spain), Peer Ledger (Canada), Blockverify (UK), TransChain (France), RecordsKeeper (Spain), Datex Corporation (US), Ownest (France), Omnichain (US), Traceparency (France), Digital Treasury Corporation (China), Chainvine (UK), VeChain (China), Algorythmix (India), and OpenXcell (US). These players tend to favor partnerships and new product launches as the key growth strategies to offer feature-rich blockchain technology solutions to their customers and further penetrate regions with unmet needs. Other stakeholders of the blockchain supply chain market include cryptocurrency vendors, research organizations, network and system integrators, blockchain service providers, distributed ledger technology solution providers, and technology providers.

Today, big data has become a key element in building business development strategies, and while the logistics and supply chain industry continue to grow, so does the amount of data generated. This increase in data coupled with the persistent requirement for a unified cost-saving solution is expected to drive demand for advanced analytics solutions across industry verticals. Additionally, as companies look to identify opportunities for cost-cutting and resource-savings, supply chain optimization grows in importance. Therefore, access to secure, accurate supply chain analytics provides companies with valuable insights into the root causes of losses and successes. The global supply chain analytics market size is expected to grow from $3.5 billion in 2020 to $8.8 billion by 2025, at a CAGR of 19.8% during the forecast period.

Enhancing supply chain security across government and industry is a key pillar of the National Counterintelligence Strategy of the United States 2020-2022, and in October 2020 the National Counterintelligence and Security Center (NCSC) released a new document, Supply Chain Risk Management: Reducing Threats to Key U.S. Supply Chains, to help private sector and U.S. Government stakeholders mitigate risks to America’s critical supply chains.  NIST also hosted virtual workshop in October 2020 building upon its prior guidance documents, Blockchain Technology, and Securing Manufacturing Industrial Control Systems.

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Market Snapshot: Space Communications

Need to take a video call on the moon? Sure, why not! Maybe even check your email too. Earlier this year NASA granted Nokia a contract to build the first-ever 4G mobile network on the moon that will allow astronauts to carry out a number of activities including making voice and video calls in support of NASA’s Artemis program that plans to establish a “sustainable” human presence to the moon by 2028.

While the contract with Nokia is one piece of this effort, developing enabling communications technologies for small spacecraft beyond Low Earth Orbit (LEO) will be a complex task. In order for spacecraft to conduct NASA lunar and deep space distributed spacecraft science missions innovators are looking for ways to best construct the lunar communications architecture, potentially through the use of large and small satellite assets. These enabling technologies may include data relay from lunar surface to surface, data relay to Earth, and navigational aids to surface and orbiting users, and are essential to the success of human exploration missions.

In its coverage of space exploration technologies and markets, BCC Research and its network of partners indicate that the recent ramp-up by NASA as it revitalizes its commitment to the Moon, Mars and other planetary exploration is providing new and exciting opportunities for companies involved in optics, photonics, and other areas. The Global Deep Space Exploration and Technology Market is forecast to grow at a CAGR of 6.42% from 2020 to 2030 with North America expected to dominate the market with an estimated share of 62.45% in 2020. The global deep space exploration and technology market is becoming increasingly important due to efforts from the national space agencies and the subsequent rise in investment for deep space exploration missions. The development of new technologies and emergence of private entities in the space sector are some of the factors that may drive market growth.

Ground station equipment is one such enabling space communications area – BCC Research reports that the global space ground station equipment market forecasts that the market will grow at a CAGR of 4.32% by value and 3.81% by volume from 2019 to 2024. North America dominated the global space ground station equipment market. These ground stations are terrestrial radio stations designed to provide a connecting path for telecommunication of spacecraft with the end-user devices and are used on the earth surface to communicate with the satellites in real time using radio frequency waves. The ground station is made up of several components such as antenna system, telemetry, tracking and command (TT&C) equipment, control center, RF equipment, and gateways. In addition to the ground stations, there is customer equipment which communicates directly with satellites or through gateways of ground stations, which accounts for a large segment of the global space ground station equipment market.

While NASA already relies on commercial and university ground stations to provide 67 percent of communications and tracking for its Near-Earth Network, shifting even more to commercial communications services is expected to free up personnel and resources within NASA to focus on technology development and bolster the commercial space economy. Free-space optical (FSO) laser communications is seen as one of the enabling technologies for advancements in commercial space ground station communications and is already being explored by The University of Western Australia (UWA) and an industry partner. MarketsandMarkets reports that the overall FSO market is expected to grow from $402 million in 2020 to $1,977 million by 2025 at a CAGR of 37.5% during 2020–2025 with applications in a variety of vertical ranging from healthcare to aerospace and defense.

Other communications efforts include replacing the incumbent Space Network, which provides communications for more than 40 missions by leveraging commercial technologies and players to develop and deploy an interoperable network of networks that may operate like a terrestrial cellular model allowing user missions to roam between several providers. This effort is currently called the Communications Services Program out of the NASA Glenn Research Center where a briefing to industry was provided in mid-2020.