68 SMT Magazine • July 2014
SMTonline Market News
Highlights
IoT Market to Reach $1,423 Billion
by 2020
The value of internet of Things (ioT) market was
worth $1029.5 billion in 2013, and is expected to
reach $1,423.09 billion by 2020, at an estimated
CAgR of 4.08% from 2014–2020.
Graphene Markets to Top $390 Million
in 2024
new research by iDTechEx in the report "gra-
phene Markets, Technologies and opportuni-
ties 2014–2024" shows that graphene markets
will grow from around $20 million in 2014 to
more than $390 million in 2024, at the material
level.
Printing Technologies Extend to
PE Components
Printed electronics uses graphic arts techniques
such as screen printing or inkjet, to print electronic
and photonic devices by using conducting or di-
electric inks that results in the development of ac-
tive or passive devices such as resistors or thin film
transistors (TfT).
Positive outlook Develops for
Global Economy
Paul A. Laudicina, founder of the fDi Confidence
index, notes, "Despite racking volatility and eco-
nomic uncertainty on a global scale, the findings
from the 2014 fDiCi suggest that a corner is be-
ing turned. Corporations sitting on massive cash
reserves are increasingly confident they can parlay
these into productive investments with attractive
returns."
EMS Market Driven by Demand
for Testing Services
The testing services provided by EMS provid-
ers are dependent on the solutions required by
oEMs and the vertical to which they cater. The
outsourcing of testing services to EMS provid-
ers will increase due to innovation in consumer
electronics products. The market is driven by
strong demand for such services from the tele-
communication and consumer electronics in-
dustries.
The Conference Board Sees Strong,
Steady Job Growth
The underlying hiring trend, especially in profes-
sional services, is encouraging, with more good
news expected through the summer and into the
fall. More jobs means more pay checks, lifting sen-
timent and resulting in still more consumer buying.
Industrial Robotics Market to See
Steady 6.4% CAGR
in United States alone the sale of industrial robotics
for manufacturing use grew by 44% during 2011,
indicating that the industrial robotics market is a
correlant to the overall revitalization of the produc-
tion base in the U.S. and a an important compo-
nent of the general economic performance of the
country.
Energy Capacity of Energy Storage
Applications: CAGR of 71%
According to a recent report from navigant Re-
search, the annual energy capacity of advanced
batteries for utility-scale energy storage applica-
tions will grow from 412 megawatt-hours (MWh)
in 2014 to more than 51,200 MWh in 2023, at a
compound annual growth rate of 71%.
Automotive Electronics Market at
$77B by 2020
The automotive under-the-hood ECU electronics
market is estimated to have been worth $44.8 bil-
lion in 2013 and is forecast to grow to $77 billion
in 2020, a CAgR of 8%. Semicast forecasts global
light vehicle production volumes to grow over this
period from 82 million to 106 million. However,
more than 40% of the increase in global light ve-
hicle production is forecast for China alone.
3D Printing: The Making of a $7B Market
The market has huge potential, but is still embry-
onic in terms of development, with main players
taking their first steps by 3D printing conductive
and insulating materials into a single object. 3D
printed electronics, including 3D printed transis-
tors, will not be fully realised within 10 years, but
some emerging medical applications will be com-
mercialised well before 2025.
68 SMT Magazine • July 2014
