SMT007 Magazine

SMT007-Oct2022

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10 SMT007 MAGAZINE I OCTOBER 2022 Feature Article by Sal Sparacino SMTA SMTA International is just around the cor- ner, and we are excited to be meeting fully in person and onsite. e conference and expo runs from Monday, Oct. 31 through ursday, Nov. 3, returning to the Minneapolis Conven- tion Center. Once again, we will co-locate with Medical Design & Manufacturing Minneapolis 2022 (MD&M). As the world continues to adjust to the new normal following nearly years of the pan- demic, an in-person industry conference and exhibition is more valuable than ever. As the SMTA VP of Expos, I am very excited about this year's program as it offers many opportu- nities to connect with colleagues and friends alike, learn the latest in research and process solutions, and advance your career. It is an exciting time within the electronics industry as our technology continues to develop at an ever-increasing rate to meet new prod- uct development requirements. As reported by Grand View Research 1 , the global active elec- tronic components market is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2021 to 2028. is is driven mostly by the rapidly growing demand for consumer electron- ics devices, such as smartphones and laptops. Let's not forget the electronic requirements for the electric vehicle (EV) sector. Accord- ing to Facts and Factors 2 , the global electric vehicle market is anticipated to grow at a com- pound annual growth rate (CAGR) of 24.5% during the forecast period between 2022 and 2028. e valuation for the EV market was It's an Exciting Time in Electronics

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