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5 IoT Trends that Experts Believe will Emerge in 2023
While the global IoT market is growing, many experts shared concerns for 2023 due to cybersecurity risks and issues in the global economy
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Applied Technology Review | Wednesday, December 28, 2022
While the global IoT market is growing, many experts shared concerns for 2023 due to cybersecurity risks and issues in the global economy.
FREMONT, CA: The internet of things (IoT) business is continuing to thrive despite economic problems and technological advancements. The global IoT market is predicted to increase from USD 243 billion this year to USD 575 billion in 2027.
With the introduction of Matter 1.0 in October, the effort to establish a global smart home standard gained momentum. This standard, which has the support of more than 280 firms like Google (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) intends to promote interoperability; between smart home devices regardless of the brand or platform.
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Many experts have offered their forecasts for the changes the industry might experience in 2019. While some are optimistic, others anticipate a flood of problems as IoT transitions into a new stage.
Voluntary Security Standards
As cyber criminals take advantage of gaps in corporate supply networks, cyberattacks have increased in frequency in recent years. According to a recent PWC survey, 88 per cent of Irish executives said that since 2020, cyberattacks had increased as a result of their organisations' greater digital acceleration. IoT brand suppliers will accept voluntary security standards, researcher at cybersecurity firm Rapid7, to increase brand trust and gain an advantage over rivals.
To establish those security standards for IoT technology, they anticipate IoT providers to collaborate more closely with federal and state organisations.
A Rise in Recalls
Smart digital technology and the physical world collide, and new problems will arise and have an effect on the sector. IoT gadgets will begin to have severe health and safety problems in 2023, suppliers will be forced to conduct extensive recalls akin to those that have occurred in the auto sector.
IoT Will Stutter
Despite IoT advancements, research firm Forrester predicts that the effects of the global economy would result in a rise in the number of smart products that are abandoned. Fitness equipment and smart home appliances would be most impacted, according to the business, which forecasts that economic uncertainty will result in an additional 350m IoT bricks.
The business stated that economic headwinds will limit both consumer and industrial expenditure as well as IoT enterprises' access to private funding. And if customers stop using these items, the result will be an increase in e-waste, which poses a serious threat to the environment's health.
5G IoT Will Create New Security Risks
By the end of 2023, 5G IoT, according to cybersecurity focus provider Claroty, will start to take off because of the growth of smart city initiatives. The company's CRO feels that despite the advantages of these new goods, consumers may face additional dangers as a result. These connected edge points will require their own set of security and monitoring technologies, which will bring new difficulties for organisations.
A Rise in Automated Smart Home Attacks
Immersive Labs, a provider of cybersecurity training, also highlighted IoT security threats. Cyber threat analysis predicts that as the number of smart devices increases globally in 2023, there will be a spike in automated attacks against home smart devices at scale. This may have a particular effect on businesses with remote employees.
It's challenging to determine whether this number is declining because software providers are becoming better at locating vulnerabilities at the source or because researchers have become busier in recent months and haven't been reporting on this as frequently. In either case, researchers and threat actors will continue to identify, disclose, and use new vulnerabilities.
The home insurance sector is experiencing transformation, driven by technological innovations that are set to change the established norms of policy management and risk evaluation. The innovative tech trends are influencing the future of home insurance, presenting challenges and opportunities for both homeowners and insurers.
Sensitization: The Rise of Smart Homes
At the forefront of this revolution is the concept of sensorization. Smart home devices equipped with sensors are becoming increasingly prevalent, serving as the eyes and ears of the modern home. These devices can detect signs of danger, from potential burglaries to water leaks, and take preemptive actions to prevent damage. The data harvested from the sensors is invaluable for insurers, enabling more accurate risk assessments and potentially reducing premiums for homeowners who embrace this technology.
Low-Code Platforms: Democratizing Innovation
Another significant trend is the emergence of low-code platforms within the insurance sector. These intuitive tools empower insurers to develop and update applications rapidly without extensive programming knowledge. The result is a more agile industry capable of responding quickly to changing consumer needs and market dynamics.
The Internet of Things (IoT): A Connected Ecosystem
The Internet of Things (IoT) is also pivotal in reshaping home insurance. By integrating innovative technology into everyday living spaces, IoT devices offer insurers unprecedented insights into home safety and maintenance. This connectivity enhances policy customization and streamlines the claims process, making it more efficient and user-friendly.
Cyber security: Safeguarding Digital Assets
As the insurance industry embraces technology, cybersecurity emerges as a critical concern. Protecting sensitive customer data against cyber threats is paramount. Insurers are investing in robust security measures to ensure that the digital transformation of home insurance does not compromise their clients' privacy and trust.
The tech trends in home insurance are a dual-edged dagger. They offer the potential for greater efficiency and personalized service but also pose new risks and challenges. As we navigate this digital landscape, homeowners and insurers must approach these innovations with enthusiasm and caution. By doing so, we can harness the benefits of technology while safeguarding the principles of security and privacy that lie at the heart of the home insurance covenant. ...Read more
The European Unmanned Aerial Vehicle (UAV) industry has evolved from niche applications into a vital, cross-sector tool that is transforming operations and enhancing efficiency across the continent. The market, valued at approximately USD 9.32 billion in previous years, is projected to continue its impressive trajectory, with forecasts indicating a rise to USD 17.20 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.32 per cent between 2025 and 2034. This expansion is driven by a confluence of factors, including the growing demand for automation, significant advancements in supporting technologies, and evolving policy frameworks.
Market Dynamics and Growth Drivers
Businesses are increasingly seeking to streamline processes, reduce human intervention in hazardous environments, and enhance data collection capabilities. The inherent versatility, flexibility, and cost-effectiveness of UAVs, coupled with their reusability, make them an attractive alternative for various operational tasks, particularly in areas inaccessible or unsafe for human presence.
Remote sensing technology is a significant booster for the European UAV market. Drones equipped with cutting-edge sensors, including multispectral cameras, are revolutionising data collection and acquisition. In agriculture, for instance, these systems accurately detect crop health, monitor irrigation efficiency, and identify pests and diseases with unparalleled precision, leading to optimised resource management and increased yields. The ability to collect granular, real-time data efficiently is making UAVs indispensable for remote sensing applications across diverse sectors, showcasing the potential of these systems in altering data acquisition.
Beyond data collection, the operational capabilities of UAVs continue to expand across logistics and transportation use cases. Autonomous package delivery is being actively tested through pilot programs that demonstrate the feasibility of transporting medical supplies, food, and small parcels to remote or hard-to-reach locations. Within this evolving ecosystem, Certo Aerospace operates in advanced aerospace manufacturing environments where performance reliability and precision components support next-generation unmanned systems. These developments offer cost-efficient last-mile delivery options while reducing human exposure and logistical constraints. Growing demand for longer flight endurance and enhanced operational performance across varied applications is further accelerating the adoption of high-performance UAV solutions.
The integration of UAVs into various end-use sectors is a testament to their broad applicability. The military and defence sectors continue to be significant consumers, leveraging UAVs for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) purposes, as well as for combat operations, precision strikes, and military cargo transport. In the civil and commercial spheres, inspection and monitoring, surveying and mapping, and photography and film production are thriving segments. The energy and power sector utilises UAVs for infrastructure inspection and remote monitoring, while construction and mining benefit from their surveying and data collection capabilities. Border management is another area where UAVs offer enhanced surveillance, cost-effective operations, and rapid deployment.
EJR Quartz supplies high-purity quartz components supporting precision aerospace, defense, and advanced UAV manufacturing applications.
Evolving Regulatory Landscape
The regulatory environment in Europe plays a crucial role in the continued growth and responsible integration of UAVs into the airspace. The European Union Aviation Safety Agency (EASA) has established a comprehensive framework categorising operations based on risk: "Open," "Specific," and "Certified." The "Open" category, for low-risk operations, covers most recreational flying and simple professional uses with drones under 25 kg, generally not requiring prior authority authorisation for each flight. However, basic pilot competency training and registration are mandatory for drones weighing more than 250 grams or those equipped with a camera. The "Specific" category addresses higher-risk operations that require operational authorisation, often through a Specific Operations Risk Assessment (SORA) or adherence to standard scenarios. The "Certified" category is for the highest-risk operations, such as those involving the transportation of people, which require certification similar to that of manned aircraft.
A significant development is the activation of European Standard Scenarios (STS) with the arrival of class-marked drones. These scenarios enable standardised flight operations across Europe for drones with C5 or C6 class markings, provided the pilot complies with the scenario requirements. While the core European regulations offer a common framework, individual member states retain responsibility for managing their airspace, establishing geographical zones, and incorporating specific requirements for urban operations, such as notifying law enforcement. This ongoing harmonisation effort aims to create a more predictable and unified operational environment across Europe, fostering cross-border operations and facilitating wider adoption.
Technological Advancements and Innovations
The European UAV industry is at the forefront of technological innovation, with Artificial Intelligence (AI) and Machine Learning (ML) playing a pivotal role. These technologies enable drones to navigate complex environments autonomously, process vast amounts of data in real-time, and perform sophisticated tasks without direct human intervention. AI-powered drones are leading the way in applications such as automated infrastructure inspection, real-time inventory management through rapid barcode or RFID scanning, and enhanced security and surveillance with intelligent anomaly detection and facial recognition capabilities.
Drone swarming, the coordinated operation of multiple drones, represents another significant emerging trend. Leveraging swarm intelligence, these groups of autonomous drones communicate and collaborate to perform tasks, covering larger areas and achieving greater efficiency than a single unit. These swarms integrate AI and ML to navigate obstacles and maintain synchronised operations, even in challenging environments, promising to revamp missions in areas such as reconnaissance, defence, and large-scale surveying.
Further technological advancements are evident in battery technology, with continuous innovations leading to increased energy density, improved cycle life, and enhanced safety features, translating directly into longer flight times and expanded operational ranges for UAVs. The development of advanced Battery Management Systems (BMS) further optimises efficiency. Connectivity is also evolving, with the integration of 5G and private LTE networks offering unprecedented reliability, low latency, and secure communication for UAV operations, which are crucial for critical applications such as remote infrastructure monitoring and real-time video streaming.
In the defense sector, there is a strong focus on developing more advanced MALE (Medium Altitude Long Endurance) and HALE (High Altitude Long Endurance) UAVs, with increased payload capacities, extended endurance, and enhanced avionics including automatic take-off and landing (ATOL), traffic collision avoidance systems (TCAS II), and detect-and-avoid (DAA) systems. The emphasis is on developing multi-tasking platforms capable of ISTAR, ground attack, and various maritime missions, including anti-submarine and anti-surface warfare. The integration of advanced electronic warfare capabilities, jam-resistant GPS, and satellite communications further enhances their operational robustness.
The Unmanned Aerial Vehicle solutions industry in Europe is experiencing growth and innovation. The coming years will undoubtedly witness further expansion and diversification of their applications, cementing Europe's role as a key player in the global UAV landscape. ...Read more
Optical fiber uses light pulses to transmit information, offering hundreds times larger bandwidth than traditional electrical systems. It is widely used in commercial businesses, governments, and the military for voice, video, and data transmission. Its benefits include quicker speed, less attenuation, lower susceptibility to electromagnetic interference, smaller size, and larger information-carrying capacity, making it gaining popularity in telecommunications and data communication.
Fiber optic cable types
Single-mode fiber optic cable: The "mode" in fiber optic cable refers to the path that light travels. It only enables one wavelength and pathway for light to flow, resulting in significantly lower light reflections and attenuation. Single-mode fiber optic cable, which is slightly more expensive than multimode cable, is commonly used for long-distance network connections.
Plastic optical fiber (POF): With a diameter of roughly 1 mm, it is a large core step-index optical fiber. The large size allows it to easily link large amounts of light from sources and connectors that do not require high precision. As a result, typical connector costs are 10-20 percent higher than those for glass fibers, and termination is straightforward. Plastic is more durable and can be installed in minutes with minimum tools and training. POF is more competitive for applications that do not require high bandwidth over long distances, making it a feasible solution for desktop LAN connections and low-speed short links.
Advantages of optical fiber
Thinner and lighter in weight: Optical fiber is thinner and may be pulled into smaller diameters than copper wire. They are smaller and lighter in weight than comparable copper wire cables, making them a better fit for areas where space is limited.
Cheap: Long, continuous miles of optical fiber cable can be less expensive than comparable lengths of copper wire. As more vendors compete for market share, optical cable prices are sure to fall.
Increased carrying capacity: Because optical fibers are significantly thinner than copper wires, they can be bundled into a cable of a given diameter. This allows for additional phone lines to be routed through the same cable and more channels to be sent to the cable TV box. ...Read more
The technology of subsea fiber cables is now essential to the infrastructure of contemporary communication. A large network of these high-capacity cables, which connect continents and enable global connectivity, is located beneath the ocean's depths. Subsea cable technology advanced significantly with the switch from copper cables to optical fibers. These fibers, which make up the foundation of contemporary subsea cables, enable the transmission of enormous volumes of data using light, significantly boosting capacity and efficiency. These subsea cable networks can now stretch tens of thousands of meters. Only years of development and innovation have made such massive capacity possible.
In the early days of subsea cables, challenges abounded. High-voltage transmitters were needed to overcome the cables’ inherent resistance. Moreover, the cables’ inductive and capacitive reactance were poorly understood, and it took years of development to address these issues. However, these challenges did not deter progress but spurred innovation.
Subsea transmission poses unique challenges in cable construction and operation. Overcoming physical impairments caused by thousands of kilometers of cable is essential. Amplification is still needed to counteract cable losses, and repeater systems must be powered remotely, roughly every 100 kilometers, from the cable landing station.
Subsea fiber optic technology has come a long way from its humble beginnings. Today, it connects the globe, enabling global commerce and communication. Advancements in this technology have not only increased capacity but have also improved reliability and efficiency. As our world becomes increasingly interconnected, subsea fiber cables will continue to be at the forefront of global connectivity, playing a pivotal role in shaping our digital future and enhancing global commerce and communication.
Technological advances have significantly benefited subsea cable operators. Coherent detection, combined with finetuning through error correction, modulation shaping, baud rate optimization, and other technologies, has allowed more information to be encoded in each optical wavelength.
Significant advances in subsea fiber cable technology have made these undersea networks even more indispensable in recent years. These advancements have enhanced capacity, reliability, and overall performance, contributing to the continued growth of the global digital economy.
One of the key reasons subsea fiber cables are crucial is their role in enabling global internet connectivity. In today’s interconnected world, where data transfer is integral to countless aspects of our daily lives, from social media to e-commerce, these cables are the unsung heroes making it all possible.
Subsea fiber cable technology advancements have increased capacity, allowing faster data transfer speeds. This means we can download and upload data more quickly, stream high-definition videos seamlessly, and engage in real-time online activities with minimal latency. These improvements enhance user experience and enable critical applications like telemedicine and remote work, which rely on stable, high-speed internet connections. ...Read more