I don't think so.
We don't understand the necessity for religion as we live in the technocrat era.
You can watch religion being slowly washed from many cultures in your lifetime.
This ... seems like an incomplete and oversimplified take. Exactly how much further do you think religion is going to fall? It seems asinine to think that people will ever stop searching for spiritual or philosophical meaning beyond materialism, and you could reasonably argue that the main group that has been shed from the ranks of "the religious" were Christmas & Easter types who felt compelled to be part of an organized religion because "that's what you did," and now they no longer feel that way. This group was always bigger in places like Western Europe, Canada and Australia/New Zealand, hence the bigger decline.