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68 SMT007 MAGAZINE I JULY 2018 NB-IoT Device Shipments Will Reach 613.2 Million Units in 2023 E According to a new research report from IoT analyst firm Berg Insight, global shipments of NB-IoT devices will grow at a CAGR of 41.8% from 106.9 million units in 2018 to reach 613.2 million units in 2023. IDC Expects APEJ AR/VR Spending to Reach $11B in 2018 E Asia/Pacific (excluding Japan) spending on augmented reality and virtual reality (AR/VR) is forecast to reach $11.1 billion in 2018, an increase of more than 100% from $4.6 billion the previous year. Top 10 Semiconductor Foundries Worldwide for 1H18 E TrendForce forecasts lower revenue growth for global foundries in 1H18 than in 1H17, with the total revenue reaching about $29.06 billion, a year-on-year growth of 7.7%. On-Board Magnetic Sensor Market Worth $1.9B by 2023 E The overall on-board magnetic sensor market is estimated to be worth $1.26 billion in 2018 and expected to reach $1.89 billion by 2023, growing at a CAGR of 8.4%, according to a new market research report by MarketsandMarkets. Global NAND Flash Revenue Dropped by 3% QoQ in 1Q18 Due to Seasonal Influence E The seasonal headwinds in the first quarter of 2018 has resulted in downward corrections of global NAND flash prices, according to the latest analysis by DRAMeXchange, a division of TrendForce. US Defense Military Satellite Sector Fueled by Heightened Funding against Escalating Cyber Warfare E Modernization strategies along with counter and offensive space initiatives create signifi- cant growth opportunities that could take the market past $30 billion by 2023, finds Frost & Sullivan. North American Semiconductor Equipment Industry Posts April 2018 Billings E North America-based manufacturers of semi- conductor equipment posted $2.69 billion in billings worldwide in April 2018 (three-month average basis), according to the April Equip- ment Market Data Subscription Billings Report published by SEMI. APEJ ICT Spending Including New Tech Expected to Exceed $1.5T in 2021 E Spending for the Asia/Pacific (excluding Japan) information and communications tech- nology market, including on new technologies, will reach $1.5 trillion in 2021, according to the latest IDC Worldwide Black Book: 3rd Platform Edition. Rise of Connected Cars and AI Prompt Automotive Manufacturers to Partner with Software Vendors E With an anticipated global connected vehi- cles of more than 200 million by 2025, auto- motive OEMs are looking to seize a competi- tive advantage by offering space-age customer experience. Electronics Industry News and Market Highlights

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