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44 The PCB Magazine • May 2014 n e w s Conference Board Labor Market Improving the economy generated a gain of 192,000 jobs in march. undoubtedly, there was some catch up in hiring following the inclement weather this winter. still, the underlying hiring trend is encouraging, with more good news expected this spring and summer. Energy Efficiency Retrofits to Top $127B by 2023 efforts to reduce energy consumption and green- house gas emissions have led to increasing deploy- ments of energy efficiency retrofits for commercial and public buildings. according to a new report from navigant research, the worldwide market for energy efficiency retrofits in commercial and public buildings will grow from $68.2 billion in 2014 to $127.5 billion by 2023. Global TV Market Continues to Drop the global television market shrank last year for the second year in a row after total shipments declined by 6% from already soft 2012 levels, accompanied this time by a rare deceleration in the liquid-crystal display (lcd) tV space in china, asia-Pacific, and eastern europe, according to a new report from IHs technology. 3D Printing Market to Reach $16.2B in 2018 canalys predicts that the 3d printing market, in - cluding 3d printer sales, materials, and associated services, will rise to $3.8 billion in 2014, with the market continuing to experience rapid growth, reaching $16.2 billion by 2018. BBVA Compass: U.S. Economy Not at Risk of Deflation as experts debate what the Federal reserve should do about inflation, BBVa compass economists say in their latest research that the policymaking board shouldn't divert from its timeline on tapering be - cause the u.s. economy is not at risk of tipping into deflation. Global Smartphone Market to See CAGR of 15.3% the analysts forecast the global smartphone mar- ket will grow at a caGr of 15.3% over the peri- od 2013-2018. one of the key factors contribut- ing to this market growth is the declining asP of smartphones. the global smartphone market has also been witnessing increasing demand for large- screen smartphones. However, the high produc- tion cost could pose a challenge to the growth of this market. Industrial Electronics Chip Market Rebounds Powered by the freshly fueled gears of reviving economies, the global market for semiconductors used in industrial electronics applications overcame a serious fall in 2012 and roared back to life last year, boding well for an even more energetic 2014, according to a new report from IHs technology. Report: Test & Measurement in the Global EMS Market this study analyzes growth opportunities and trends in test and measurement for ems providers, as in - creasing complexity of assembly and miniaturiza- tion of components bolster demand for testing ser- vices. oems are increasing reliance on ems partners for product quality assurance. the study includes a detailed analysis of opportunities for ems providers and test and measurement vendors as well as mar- ket challenges. MEMS Combo Sensors Revenue Continues to Climb combo sensors are headed for another major growth spurt this year in the global microelectrome- chanical systems (mems) sensor market as revenue climbs an expansive 37% after two years of already phenomenal increases, according to new analysis from IHs technology. Dell, HP See Growth in Worldwide PC Monitor Market "dell and HP both saw increases in unit shipments for the worldwide Pc monitor market for the second time in a down year," said Jennifer song, research analyst, worldwide trackers at Idc. "at a regional level, emea experienced the largest positive growth during the fourth quarter, with Italy and spain post - ing the biggest gains." PCB007 Market News Highlights 44 The PCB Magazine • May 2014

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