54 SMT Magazine • June 2017
Power Industry Focuses on Renewables:
Solar PV is the Fastest Growing
Increased decentralization, the need to decarbon-
ize electricity generation, and digitization to boost
operational efficiency are driving market opportu-
nities in the power industry. Continued regulatory
support for renewable energy in key markets will
see global power investment reach $443.5 billion
in 2017.
Global IT Robotic Automation Market
to Grow at CAGR of 64%
The global IT robotic automation market generat-
ed revenue of $474.9 million in 2016 and is antici-
pated to contribute $38.88 billion by 2025, grow-
ing at a CAGR of 64.3%.
Strong Security Proves Essential for
Enterprise Smartwatch Adoption
ABI Research forecasts enterprise smartwatch ship-
ments will reach nearly 14 million in 2022, increas-
ing from just more than two million in 2017.
IR Sensor Module Market to Reach
$145M in 2017
With more high-end smartphones adopting 3D
sensing, TrendForce estimates that the worldwide
market scale of IR sensor modules for mobile devic-
es will reach $145 million in 2017.
Worldwide Enterprise Tablet Market
to Grow at a CAGR of 9% by 2021
The global enterprise tablet market is forecast to
grow at a CAGR of 8.61% during the period of
2017 to 2021 amid increasing adoption among
SMEs worldwide.
Fiber Optic Connector Market Worth
$5.9B by 2025
The global fiber optic connector market is expect-
ed to reach $5.9 billion by 2025, according to a
new report by Grand View Research Inc.
Integrated Passive Devices Market
Worth $2.64B by 2025
The global integrated passive devices market is
expected to reach $2.64 billion by 2025, accord-
ing to a new report by Grand View Research Inc.,
mainly driven by growing demand from the wire-
less, electronic, handheld devices.
Spending on Consumer Video Media
Services to Reach $314B in 2017
Global spending on consumer video media servic-
es will total $314 billion in 2017, a 4.2% increase
from 2016, according to Gartner Inc.
India IT infrastructure Spending on Pace
to Reach $2.2B in 2017
IT infrastructure spending in India will total $2.2
billion in 2017, a 1.5% increase from 2016, ac-
cording to a new report by Gartner Inc.
Global Inspection Robots Market to
Grow at a CAGR of 17% by 2021
The global inspection robots market is forecast
to grow at a CAGR of 16.68% during the period
2017-2021, driven by the fact that with their ad-
vanced capabilities, robots can help industries to
minimize labor cost and focus on achieving higher
operational excellence.
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