硅谷銀行：前沿科技報告FrontierTechIndustries課件

1、硅谷銀行：前沿科技報告FrontierTechIndustries硅谷銀行：前沿科技報告FrontierTechIndustrFrontier Tech: DefinedFrontier Tech can be defined as new industries, or a reinvention of existing industries, made possible by advancements in technologies that represent the potential for a paradigm shift affecting business, economics,

2、 the environment and the whole of society.“We can only see a short distance ahead, but we can see plenty there that needs to be done.”Alan Turing,British Pioneering Computer Scientist“Our technology, our machines, are part of our humanity. We created them to extend ourselves, and that is what is uni

3、que about human beings.”Ray Kurzweil,Director of Engineering at Google, Author of The Age of Spiritual Machines and The SingularityIs Near2Frontier Tech: DefinedFrontierFrontier Tech: IndustriesSVB defines these five industries under Frontier Tech. These industries are interconnected and have the po

4、tential to enhance the capabilities of each application.Rocket Technology & Transport3Space ServicesSatellites & ImagingSocial Medical/HealthcareService Rescue &ProtectionIndustrial EntertainmentMilitary/ SpaceVision AlgorithmsSoftware & PlatformsNatural Language PredictiveAnalyticsMachine LearningD

5、ataConsumerHardware Platforms Entertainment & GamingAdvertisingEnterprise IndustrialCommerceSoftware Imaging Analytics DeliveryInfrastructure Hardware &PlatformsSurveying/ MonitoringRT DataFRONTIER TECHFrontier Tech: IndustriesSVB dFrontier Tech: CatalystsAfter several “false dawns”, infrastructure

6、is now in place to support advancements in Frontier Tech.Compute Power Exponentially IncreasingHardware Innovation Compute Power, Speed and CostData Innovation Sensorization, Access and PrecisionSoftware Innovation Analytics, Deep Learning and Smart AutonomySource: Ray Kurzweil, The Singularity in N

7、ear4Frontier Tech: CatalystsAfter Frontier Tech: Hype vs. RealityMany Frontier Tech industries are moving quickly through the hype curve, as the technology matures and investment and adoption increases.HumanAugmentationSmart RobotsAutonomous Field VehiclesVirtual Personal AssistantsVirtualRealitySpe

8、ech-to-Speech TranslationAutonomous VehiclesMachine LearningNatural-Language Question AnsweringAugmented RealityAffective ComputingConnected HomeSmart AdvisorsHypeInnovationInflated ExpectationsDisillusionmentEnlightenmentProductivityUnmanned Air VehiclesSpace ServicesRocket Technology5Based on Gart

9、ners 2015 Hype Cycle for Emerging Technologies Source: Gartner, Silicon Valley BankFrontier Tech: Hype vs. RealitFrontier Tech: Market SizeCurrent and expected market size by industry.Source: Digi Capital, Markets and Markets, Space Foundation, Parliamentary Space Committee, RoboUniverse, Future Mar

10、ket Insights, PR Newswire5 Year CAGR59% Virtual Reality266% Augmented Reality53% Drones10% Robotics29% Artificial Intelligence15% SpaceIncluding Space20152020$834$314Excluding SpaceVirtual Reality Augmented Reality DronesRoboticsArtificial Intelligence Space($ in billions)2015$1$0.7$12$382020$120$6$

11、5 5$16$67$0.056Frontier Tech: Market SizeCurrFrontier Tech: Funding LandscapeThe number and dollar amount of investments in all areas of Frontier Tech have been increasing, with a significant funding ramp up in the past 18 months.Outliers represent investments greater than 45% of the invested capita

12、l in one funding round. Source: CBInsightsVR/ARDronesRoboticsArtificial IntelligenceSpaceOutlier0102030405060$0$200$400$600$800$1,000$1,200$1,400$1,600Number of DealsInvested Capital (in millions)7Frontier Tech: Funding LandscaFrontier Tech: Deals by StageFunding trends of the last five years show t

13、hat Frontier Tech still is at a very early stage.Seed also includes some crowdfunding. Deals occurred between Q4 2010 and Q3 2015. Source: CBInsights050100150200250300$2,000$1,800$1,600$1,400$1,200$1,000$800$600$400$200$0SeedSeries ASeries BSeries CSeries D+Number of DealsInvested Capital (in millio

14、ns)OutlierTotalCount8Frontier Tech: Deals by StageFFrontier Tech: Most Active InvestorsThe pursuit of the next centicorn, a company that only comes around every decade and creates a life-changing impact for all, requires large corporates to partner more frequently with traditional venture players.Ma

15、gicLeapMatterport AirwareOrbital Insight Expect LabsAltspaceVRROTHENBERG VENTURES INCUBATORSkycatchWearable IntelligenceMediaSpikeClarifaiSource: CBInsights, Silicon Valley Bank9Frontier Tech: Most Active InvFrontier Tech: Beyond Search“One of our big goals in search is to make search that really un

16、derstands exactly what you want, understands everything in the world. As computer scientists, we call that artificial intelligence.”Larry PageCEO of Google (Alphabet)October 200510Frontier Tech: Beyond Search“OFrontier Tech: Searching for the BeyondGoogle is acquiring, making investments and develop

17、ing its own technology across all Frontier Tech industries.ORBITAL INSIGHTInvestedAcquired: $399MAcquired: $555MAcquired: $3.2BAcquired:$500MAcquiredIn-HouseInvestedInvestedInvestedSource: CB InsightsIn-HouseInvestedInvestedIn-HouseInvestedInvestedInvestedDRONESVR/ARAIROBOTICSIoTSPACE11Frontier Tech

18、: Searching for tFrontier Tech: TransitioningThe SVB Frontier Tech Maturity Index (left) measures current maturity, based on attributes impacting development, 1 = least mature. The table (right) measures the opportunity for future growth through 2020, 1 = least market potential. The larger the incre

19、ase in number between the realized and unrealized markets, the greater growth potential.Higher Factors of Maturity12Lower Factors of MaturityInfrastructure/ ScalabilityLevel of Regulatory OversightBarriers to Entry/ CompetitionTechnology MaturationMaturity ScoreDrones32554.0Virtual Reality44433.7A.I

20、.Cognitive Computing44333.4Service Robotics42423.0Industrial Robotics43232.9Augmented Reality23332.8A.I.Affective Computing33222.4Medical Robotics21232.1Space31111.4Current Realized MarketUnrealized Market in 2020211322335215344145Frontier Tech: TransitioningThFrontier Tech: TransitioningSeveral Fro

21、ntier Tech industries are in the very early stage of commercial development. But the underlying technologies have tremendous game- changing market opportunities.Relative MaturityMarket OpportunityGAME CHANGER/ NASCENTNICHE/ NASCENT13GAME CHANGER/ MATURENICHE/ MATUREAugmentedSpaceRealityAffective Com

22、putingService Robotics Industrial RoboticsMedical RoboticsVirtual RealityCognitive ComputingDronesFrontier Tech: TransitioningSeFrontier Tech: Potential ObstaclesWill the drivers of recent FT developments continue? Will the technologies advance to solve the final solution?Technological CapabilitiesScalabilityFundingSocial AdoptionDemandIs this niche applicable or broad-range applicable? Is the required infrastructure in place?Will unforeseen regulation impede use cases?How many phases of development are required? Will investments continue to flow to