There are going to be lots of languages competing with Rust and Zig. It's a popular, underserved market. They'll all have their unique angle.
They're are certainly going to be lots of languages because now with LLMs it's easier (trivial?) to make one + library (case in point: just within last month there're have been posted here ~20 new langs with codebases 20k~100k LOC) but don't really see them competing. Rust and Zig brought actual improvements and are basically replacing usecases that C++/C had limiting the space available to others.
I has been served for several decades, however since the late-90's many decided reducing to only C and C++ was the way going forward, now the world is rediscovering it doesn't have to be like that.