SMT007 Magazine

SMT-Feb2015

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66 SMT Magazine • February 2015 Electronics Industry News Market Highlights connected car M2M connections and services market by 2019. Retail Automation Market to See 16.7% CAGR The global retail automation market is expected to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020. The lucrative growth rate of the retail market in future is the major factor driving the retail automation market. Data Recorder Market to Grow at 4.52% CAGR The data recorder market forecast report offers a complete analysis of the market during the fore- cast period of six years from 2014–2020. It ana- lyzes factors driving the market, restraining market growth, opportunities, and challenges faced by the industry. ASP of Ultrabooks, Tablets Down 7.8% in 2014 According to market intelligence firm ABI Re- search, the average weeks of household income needed to buy a tablet or ultrabook both declined by approximately 30% YoY, making these devices more affordable to a wider range of consumers. Satellite Communications Market to Generate $3.1B by 2023 NSR's newly released Unmanned Aircraft Sys- tems (UAS) via Satellite report projects impressive growth for satellite-based UAS in all regions, with revenues rising from $1.3 billion in 2013 to $3.1 billion in 2023. Investment in Microgrid-enabling Tech Tops $155B Offering the ability to isolate from the wider elec- tricity grid during power outages, as well as a high capacity to integrate renewable, distributed ener- gy resources, microgrids have become a growing phenomenon in the global energy sector in the last few years. Manufacturing Sector All Set for Recovery The Great Recession was devastating to manufac- turing and the subsequent prolonged recovery permanently took away years of potential growth. The sector's structure has changed; industries that comprised one-quarter of manufacturing value- added fell substantially short of their pre-recession production levels and are still recovering. Manu- facturing as a whole, meanwhile, is in an economic expansion. The Era of Connected Devices Imagination Technologies reports that an impres- sively broad range of products at the recent Inter- national CES 2015 incorporated one or more of its technologies, reflecting a growing recognition of Imagination's leadership capabilities helping to drive industry trends such as higher quality graph- ics, audio and video; high-performance and high- ly-efficient processing; and on-chip connectivity. Internet of Things Stimulates MEMS Market Worldwide market revenue for MEMS directly used in industrial IoT equipment will rise to $120 million in 2018, up from $16 million in 2013, according to IHS Technology. Additional MEMS also will be used to support the deployment of the IoT, such as de- vices employed in data centers. This indirect mar- ket for industrial IoT MEMS will increase to $214 million in 2018, up from $43 million in 2013. Home Automation, Control Market at $12.81B by 2020 According to a new market research report pub- lished by MarketsandMarkets, the market is ex- pected to grow at a CAGR of 11.36% between 2014 and 2020, and reach $12.81 billion by 2020. Global Connected Car M2M Connections, Services Market ReportsnReports.com adds Global Connected Car M2M Connections and Services Market research report that says big data analytics and smart phone apps will foster the growth of the global 66 SMT Magazine • February 2015

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