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48 The PCB Magazine • June 2014 n e w s 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 number 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 de- velopers and manufacturers, 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 smartphone manufacturers' increased 4g production is key to the smartphone industry higher than anticipated Q1 growth." What's Driving the global Diagnostic Imaging Market? some factors, such as increasing investments and funds by government bodies worldwide, invest- ments by public-private partnerships, increasing number of diagnostic procedures and diagnostic centers, rising number of cancer patients, and technological advancements, are driving the glob- al diagnostic imaging market. 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, rap- idly growing middle class, and a long list of eco- nomic development goals, american companies of all sizes are sending a variety goods and prod- ucts to an ever growing consumer and business marketplace in china." Wireless M2M Devices to See CAgR of 21.4% according to a new research report from the ana- lyst firm Berg insight, the number of devices with cellular or satellite connectivity deployed in oil and gas applications worldwide was 423,000 at the end of 2013. growing at a compound annual growth rate (cagr) of 21.4%, this number is ex- pected to reach 1.12 million by 2018. Eco-friendly Electronics Drives PE Market growth analysts forecast the global printed electronics mar- ket 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. Small Business owners optimistic About growth in 2014 in a survey of small and mid-sized business, the Pepperdine Private capital markets Project 2014 economic Forecast shows that business owners are optimistic about growth opportunities, both na- tionally and personally, for the remainder of 2014. more than half of respondents (56%) are more confident about business growth prospects com- pared to a year ago. 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 estimated to reach $40.2 billion by 2020, according to a report published by marketsand - markets. rising energy costs, coupled with cli- mate change, are driving the increase of renew- able energy sources such as solar photovoltaic technologies. 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 quarter 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. PCB007 Market News Highlights 48 The PCB Magazine • June 2014

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