We have talked about the rise of EVs (electric vehicles). Now, let’s talk about the future of the electric ship market, where there are big opportunities. Less than 1% of global merchant fleet currently runs on alternative fuels, but that could potentially change in the future, according to one new report. IDTechEx says the electric ship market has historically been led by electric ferry orders, which make up 37% of the maritime battery capacity deliveries between 2019 and 2022. Geographically, we see Norway is a key area that has already seen much growth, with roughly 100 electric ferries in operation. Here is how this can help: More efficient with electric propulsion. Long-term savings for fleet owners. Improve efficiency of both engines and future technologies such as hydrogen fuel cells. Looking to the future, we see the report suggests growth for hybrid cargo vessels. IDTechEx expects zero-emission anchorage requirements, upcoming IMO and EU regulations, and the possibility for larger battery systems per vessel will drive battery…

Quantum technology offers many untapped opportunities that businesses are just beginning to realize. Consider the case of quantum sensors, which is forecast to reach $7.1 billion by 2044, according to IDTechEx. Quantum sensors can be used to measure time, magnetic field and current, gravity, angular motion, single-photons, and more. This could prove useful in applications such as electric and autonomous vehicles, brain scanners, quantum computers, underground mapping equipment, satellite, and consumer electronics, just to name a few. Here is how this can help in various vertical markets: Timing and inertial navigation. Remote current sensing. Quantum computing read-out. Looking to the future, we are going to see the rise of quantum sensors for a number of vertical applications and markets. Automotive is one to certainly keep an eye on, as this market continues to…