82 SMT Magazine • June 2014
SMTonline Market news
Highlights
Wireless M2M Devices to See CAgR of 21.4%
according to a new research report from the analyst
firm berg Insight, the number of devices with cellular
or satellite connectivity deployed in oil and gas appli-
cations worldwide was 423,000 at the end of 2013.
Growing at a compound annual growth rate (CaGr)
of 21.4%, this number is expected to reach 1.12 mil-
lion by 2018.
China Plays vital Role in u.S. economy;
exports Hit $120B
"exports to China play an essential role in the u.S.
economy and job growth," said uSCbC president John
frisbie. "with China's large population, rapidly grow-
ing middle class, and a long list of economic develop-
ment goals, american companies of all sizes are send-
ing a variety goods and products to an ever-growing
consumer and business marketplace in China."
Small Business Owners Optimistic
About growth in 2014
In a survey of small and mid-sized business, the pep-
perdine private Capital Markets project 2014 eco-
nomic forecast shows that business owners are op-
timistic about growth opportunities, both nationally
and personally, for the remainder of 2014.
Pe Market to Reach $40.2 Billion by 2020
The printed electronics market is estimated to grow
at a CaGr of 33.8% from 2014–2020. and it is es-
timated to reach $40.2 billion by 2020, according
to a report published by MarketsandMarkets. rising
energy costs, coupled with climate change are driv-
ing the increase of renewable energy sources such as
solar photovoltaic technologies. Thin-film photovol-
taic cells are found in one of the major applications
of printed electronics.
global Semiconductor Industry Hits
Record Sales in Q1
The Semiconductor industry association (Sia) an-
nounced that worldwide sales of semiconductors
reached $78.47 billion during the first quarter of
2014, marking the industry's highest-ever first quar-
ter sales. Global sales reached $26.16 billion for the
month of March 2014, an increase of 11.4% from
March 2013 when sales were $23.48 billion.
employment gains Buoyed by
Professional & Business Services
in april, the unemployment rate fell from 6.7% to
6.3%, and the number of unemployed persons, at 9.8
million, decreased by 733,000. both measures had
shown little movement over the prior four months.
over the year, the unemployment rate and the num
-
ber of unemployed persons declined by 1.2% and 1.9
million, respectively.
Wearable electronics to be a
$70B Business in 2024
wearable electronics is a fragmented industry when
it comes to manufacturers. even mature sub-sectors
have no clear leaders in what will be a $70 billion-plus
business in 2024 with 12,000 developers and manu
-
facturers, as recently calculated by analysts IDTechex.
global Smartphone Shipments Reach
267M units in 1Q14
"The Q1 momentum came mostly from the emerging
market sectors and China," noted avril wu, assistant
vice president of Trendforce. "The Chinese smart
-
phone manufacturers' increased 4g smartphone pro-
duction is key to the smartphone industry higher than
anticipated Q1 growth."
eco-friendly electronics Drives
Pe Market growth
analysts forecast the global printed electronics market
to grow at a CaGr of 20.6% over the period 2013–
2018. one of the key factors contributing to this
market growth is the increased need for eco-friendly
electronics products. The market has also witnessed
the miniaturization of electronics devices. however, a
lack of technology standards could pose a challenge
to growth.
What's Driving the global Diagnostic
Imaging Market?
Some factors, such as increasing investments and
funds by government bodies worldwide, investments
by public-private partnerships, increasing number of
diagnostic procedures and diagnostic centers, rising
number of cancer patients, and technological ad
-
vancements, are driving the global diagnostic imag-
ing market.
82 SMT Magazine • June 2014
