United Technologies Corporation (UTC) is a US global conglomerate headquartered in Farmington, Connecticut. It develops, research, and produces high-technology products in various areas, including building systems, aerospace systems, aircraft engines, HVAC, elevators and escalators, fire and security, and industrial products, among others.
This company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:
*First off, advances in nanotech and material sciences will result in a range of new construction materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will allow for the creation of a range of new rockets, air, land, and sea vehicles that possess capabilities far superior to today's commercial transportation systems.
*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft and combat vehicles. This shift will lead to significant fuel cost savings for short haul, commercial airlines and less vulnerable supply lines within active combat zones.
*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.
*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications, especially drone air, land, and sea vehicles for commercial applications.
*By 2050, the world population will rise above nine billion, over 80 percent of whom will live in cities. Unfortunately, the infrastructure needed to accommodate this influx of urbanites does not currently exist, meaning the 2020s through the 2040s will see an unprecedented growth in urban development projects globally.
*Maglev elevator systems that use magnetic levitation instead of elevator cables will allow for elevators to run horizontally, as well as vertically; they will allow for multiple elevator cabins to operate in a single shaft; and they will allow buildings over a mile high to become commonplace.
*Similar to the note above, the next two decades will see significant economic growth across Africa and Asia that will result in a range of transportation and utility infrastructure projects approved for production.