Personal Drones: 10 Mega Trends that could make You Millions

We wanted to expand on that handful to a full-blown list of all the technologies out there that are poised to make people billions.

This may not make you a billion dollars. But it shows where things are going.

1) Mobile payments

WHY: Reuters’ Emma Thomasson says the mobile payment market is now “fiercely competitive and growing,” citing moves by Google, Apple, and PayPal to launch products. Big box retailers also recently announced a joint digital wallet service called the Merchant Customer Exchange, or MCX. And it’s not just dollars: Crypto-payment group Circle said it would soon launch its first consumer product that it’s calling the Skype of payments. Also for what it’s worth, we also recently explained why you shouldn’t be using cash.

2) Therapy

WHY: Many Americans are getting older and/or more stressed. As a result, physical and mental therapy took the majority of the fastest-growing job occupations in the U.S. As Altucher noted, a growing number of baby boomers will start filling up more “special facilities” as well as requiring more treatment.

3) Batteries

WHY: While the fate of Tesla’s Gigafactory is now somewhat up in the air, a recent report from Navigant argues worldwide revenue from lithium-ion batteries for electric vehicles will grow from less than $6 billion in 2014 to $26.1 billion in 2023. “The shift to lithium ion represents a major endorsement of the ability of this chemistry to perform consistently in an automotive environment,” David Alexander, senior research analyst with Navigant Research says. “Most of the major automakers have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models in the last two years, almost all of which use lithium ion batteries for onboard energy storage.” If even Bill O’Reilly is getting behind the potential for lithium ion-powered automobiles, you know this one’s only going to move up and to the right.

4) Solar storage

WHY: “Grid defection” is the word many utilities have begun to fear as homeowners move to become near-fully autonomous energy providers. A report from NanoMarkets says the global market for solar storage systems alone will be worth $2 billion by 2018. The adoption of lithium ion batteries in cars will help drive the cost of solar storage systems, most of which are basically repackaged l.i. batteries, downward.

5) Farmland

WHY: Despite some temporary declines, wealthy farmers and non-farming investors continue to plunk down money on crops, Reuters says. That’s because there remains healthy demand for what comes out of America’s breadbasket, especially from China. Check out this chart from the USDA showing forecasts for Chinese imports of soybeans and corn, both of which the U.S. is the largest exporter of. Insane:

 

chinese bean corn imports

USDA

6) Employed millennials

WHY: Yes, the numbers have been grim of late. But data show the slack is slowly draining out of the 25-34 cohort not in the labor force. As Matt Busigin points out in his Most Important Charts In The World selection, the data suggest “there is a long uptrend in 25-34 employment coming.”

 

7) Robots

WHY: In their new book “The Second Machine Age,” MIT Sloan professors Andrew McAfee and Erik Brynjolffson argue increasing automation of the labor force will be a permanent feature of the economy. Thus robot-makers like Kiva Systems, which built Amazon’s warehouse bots, stand to see receipts climb.

8) Personal drones

WHY: A sub-trend of the above. Drones largely remain legal for personal use, and the market is now large enough that products are getting reviewed in the Wall Street Journal. Guangdong-based DJI, which makes drones for cameras, is among the most successful.

 

9) App stores

WHY: Chris Dixon argues that people have basically stopped using the mobile Web and now exclusively use apps. This means that the owners of app stores — that is to say, for now, the mobile phone developers — wield tremendous power. ” What if AOL or some other central gatekeeper had controlled the Web, and developers had to ask permission to create Google, YouTube, eBay, PayPal, Wikipedia, Twitter, Facebook, etc.? Sadly, this is where we’re headed on mobile.”

10) Personalized genetic testing

WHY: Shares in gene-testing companies like Myriad have seen some of the best performance of 2014. 23&me had seen strong consumer interest before the FDA temporarily halted sales of its testing kit. The company says it’s working with the agency to get its product back on the market.

See the other 15 trends at Business Insider

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