18 future industry trend and three industries driving billionaire wealth

Recently, McKinsey released a report titled “The next big arenas of competetion.” The report points out that from now to 2040, there are a total of “18 future industry trend areas”:

List of 18 future industry trend areas

Arenas	2020 Sale (USD Billion)	2040 Estimation	2020-2040 CAGR	2040 Profit and margin	Recommended blog posts links
E-commerce	4000	14000-20000	7-9%	280-1000(2-5%)	“Shopify, the only rival admitted by the founder of Amazon, how does it make money?“,”Amazon vs. Alibaba“,”How does Pinduoduo make money, why it surpass Alibaba and become No. valuable listed Chinese companies in US?“,”How does Shein, the world’s fastest growing fast fashion seller, make money?“,”Latin America’s e-commerce dominant MercadoLibre“,”Sea, the parent company of Shopee, the most valuable company in Southeast Asia“
AI Software	85	1500-4600	17-25%	230-920(15-20%)	“Why software underperforming amid the AI craze?“,”Top five lucrative artificial lucrative intelligence listed companies“,”Consider Alphabet if you can buy one stock only to retire from it? “,”How Much Does Generative AI Cost?“, “Artificial intelligence benefits industries“
Cloud Services	220	1600-3400	12-17%	230-920(15-20%)	“Microsoft, the dominant overlord of cloud computing“,”Consider Alphabet if you can buy one stock only to retire from it? “,”Oracle’s cloud computing and AI finally recognized“,”Deep dive on Snowflake’s competitiveness“,”What company is Snowflake owned by Buffett? Where is its value?“,
Electric vehicles	450	2500-3200	10-12%	100-320(4-10%)	“How does BYD make money? Why it beat Tesla? Sweeping the global EV market“,”How does Tesla make money?“
Digital advertisements	520	2100-2900	8-10%	320-580(15-20%)	“Consider Alphabet if you can buy one stock only to retire from it? “,”Meta, the modern evil empire, a hard day“,”TikTok, the rival of all social networks“,
Semiconductors	630	1700-2400	6-8%	340-600(20-25%)	“Semiconductor replaced software and become investors’ darling“, “The lucrative semiconductor supply chain“, “Global semiconductor chip market in detail, big dominators and markets“, “6 common wrong semiconductor investment myths“,”Four chip companies account for one-third of S&P 500 gains so far this year“
Share autonomous vehicles	N/A	610-2300	N/A	20-460(4-20%)	“How does Tesla make money?“,”Consider Alphabet if you can buy one stock only to retire from it? “
Spaces	300	960-1600	7-10%	50-160(5-10%)	“How does Unity, the only software partner of Apple Vision Pro, make money?“
Cybersecurity	160	590-1200	8-12%	90-240(15-20%)	“How Palo Alto Networks, a rare long-term continuous and stable growth security giant, makes money?“, “How perform well and high growing CrowdStrike makes money?“
Battery	98	810-1100	12-14%	4-110(5-10%)	“How does BYD make money? Why it beat Tesla? Sweeping the global EV market“,”How does Tesla make money?“
Modular construction	180	540-1100	6-10%	20-220(4-20%)
Streaming video	160	510-1000	6-11%	50-150(10-15%)	“TikTok, the rival of all social networks“
Video games	230	550-910	13-23%	20-180(10-20%)	“PC-era game dominator Activision Blizzard acquired by Microsoft acquired,”How does Roblox make money?”
Robotics	21	190-910	13-23%	20-180(10-20%)	“Robot industry current status and application“, “Intuitive Surgical, a company that essentially monopolizes surgical robots“, “How does dominated Intuitive Surgical make money?”, “Nvidia’s new business set to grow its share price“
Industrial and consumer biotech	140	340-900	5-11%	10-270(4-30%)	“Gilead, lord of antiviral drug, reveals world’s first AIDS vaccine“, “Viking is developing two future star new drugs at the same time“, “FDA approved first ever MASH drug“, “Alzheimer, the only major disease yet to be conquered, current progress and related companies“, “Why Eli Lilly become global pharmaceutical market value king?“ ,”Big pharma spin-offs, and advantages to invest them“ ,”Eli Lilly, a big pharma with astonishing valuation“ ,”Pfizer, the world’s largest pharmaceutical company“ ,”Novo Nordisk’s new diabetes drug Semaglutide,Ozempic,Wegovy and Mounjaro found to have surprising weight-loss effects“, “The next No. 1 pharmaceutical leader AbbVie“, “Stable Dow Component Merck, how does it make money?“, “The ex-largest pharma Merck“, “Abbott, the world’s most important medical device and nutritional food supplier, how does it make money?“ “Roche, the king of anti-cancer“, “How the best AAA credit rating Johnson & Johnson makes money?“
Future air mobility	N/A	75-340	N/A	10-70(10-20%)
Drugs for obesity and related conditions	24	120-280	9-15%	30-100(25-35%)	“Weight loss is the future golden goose of the drug market“,”Novo Nordisk’s new diabetes drug Semaglutide,Ozempic,Wegovy and Mounjaro found to have surprising weight-loss effects“,”Why Eli Lilly become global pharmaceutical market value king?“
Nuclear fusion	18	65-150	7-13%	5-50(5-30%)	“Current developments in Nuclear Energy and related companies“
Total	7250	29000-48000	8-11%	1900-61

Three industries driving billionaire wealth

According to the 2024 UBS Billionaires Report, the proportion of wealth of the world’s richest 100 billionaires in the total wealth of the rich has increased from 32.4% in 2015 to 36% in 2024. Three key industries that drove billionaire wealth growth during the decade:

1. Technology Industry: Over the past decade, the industry has benefited from innovative developments in e-commerce, social media, digital payments, artificial intelligence, and cyber security. Technology billionaires will see the fastest growth, with their wealth increasing from $788.9 billion in 2015 to $2.4 trillion in 2024.
2. Industrial Industry: The wealth of industrial tycoons increased from US$480.4 billion to US$1.3 trillion, ranking second in terms of growth. Analyzing the main reasons, it is found that mainly supported by national industrial policies, all countries have expanded investment to enhance their competitive advantages, especially the green economy, responding to demographic challenges and the trend of repatriation, which have promoted the development of science and technology industries such as aerospace, defense and electric vehicles.
3. Materials Industry: The materials industry (including raw material mining, commodities, agriculture, energy and renewable energy) is driven by the demand for commodities in the early stages of the green energy transition. The wealth of the sector’s richest people increased from $718.1 billion to $1.8 trillion.

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