70 SMT Magazine • March 2015
Electronics Industry News
Market Highlights
Global Connected Car Market
to Hit $131.9B by 2019
The report states that the global connected car
market will achieve remarkable growth between
2013 and 2019 and rise to US$131.9 billion by
2019, registering a CAGR of nearly 34.7% during
the forecast period.
BEMS Revenue to Reach
$10.8B by 2024
According to a new report from Navigant Re
-
search, worldwide revenue from building energy
management systems (BEMSs) is expected to
grow from $2.4 billion in 2015 to nearly $10.8
billion in 2024.
By 2020, Commercial Drones
Market to Reach $1.27B
The total commercial drones market was val-
ued at $15.22 Million in 2014 and is expected
to reach $1.27 Billion by 2020, at an estimated
CAGR of 109.31% between 2014 and 2020.
High-End Gyroscopes to Reach
$1.69B in 2019
The 2014 market for high-performance gyro-
scopes, which was estimated at $1.37B, is there-
fore expected to grow at a 4.4% annual rate to
reach $1.69B in 2019.
Testing, Inspection Market to Reach
$50B by 2020
The testing, inspection and certification market is
expected to reach $50.44 billion by 2020, grow-
ing at a CAGR of 5.80% between 2014 and 2020,
according to a new report by MarketsandMarkets.
Semiconductor Unit Shipments
to Top One Trillion in 2017
Total semiconductor unit shipments (integrated
circuits and opto-sensor-discrete, or O-S-D, devic-
es) are forecast to continue their upward march
through the current cyclical period and top one
trillion units for the first time in 2017 according
to IC Insights' forecast presented in the 2015 edi-
tion of The McClean Report—A Complete Analy-
sis and Forecast of the Integrated Circuit Industry.
By 2020, Human Augmentation
Market to Reach $1135M
Total Human Augmentation Market was valued at
$91.8 Million in 2013 and is expected to reach up
to $1135 Million by 2020, at a CAGR of 43.52%
between 2014 and 2020.
1 Billion Cellular M2M Connections
a Realistic Prospect by 2020
The 'Global M2M Connectivity and Services Fore-
cast' looks at the rapid rise of M2M since 2013
when there were just 172 million cellular M2M
connections worldwide but also projects a note of
caution in the face of increasing hype around the
future of M2M and the Internet of Things (IoT).
SMBs Optimism Rises; Seen to
Continue Hiring
"Improved performance by small and mid-sized
business is traditionally the barometer of a full
economic recovery," said Craig R. Everett, Ph.D.,
Assistant Professor of Finance and Director of the
Pepperdine Private Capital Markets Project. "But
while it's true that the uptick in hiring projections
and higher wages is good news for American
workers, not everything is rosy."
70 SMT Magazine • March 2015
