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38 SMT007 MAGAZINE I JANUARY 2019 Test and Measurement Equipment Market Worth $32.3 Billion by 2024 E The overall test and measurement equipment market is expected to grow from $25.7 billion in 2018 to $32.3 billion by 2024, at a CAGR of 3.90% during the forecast period. Artificial Intelligence Meets Materials Science E A Texas A&M University College of Engineer- ing research team is harnessing the power of machine learning, data science and the domain knowledge of experts to autonomously discover new materials. Panasonic Utilizes 100% Renewable Energy to Power the Consumer Electronics Recycling Plant E Not only has Panasonic Group's consumer elec- tronics recycling plant, Panasonic Eco Technol- ogy Center Co., Ltd. (PETEC) made efforts over the years to reduce the energy consumed, it has also implemented solutions to create energy and to procure electricity created by renewable energy. European Spending on Digital Transforma- tion to Reach $256 Billion in 2018 E DX spending is expected to steadily expand throughout the 2017–2022 forecast period, achieving a five-year compound annual growth rate (CAGR) of 15.1%. USMCA Will Strengthen Global Semiconductor Supply Chain E The USMCA, if successfully ratified, will be the first U.S. trade agreement to incorporate many new and higher standard trade disciplines that will strengthen the digital economy and the global semiconductor supply chain. India Smart Wearables Market Finishes Strong with 102,000 Shipment Units in 2018 Q3 E The overall India wearables market saw a 17% year-over-year (YoY) growth in the third quar- ter of the year as vendors shipped a total of 897,000 units in the country. Stronger Public Private Partnership Required to Drive Industry 4.0 in Malaysia E The recent budget focused on the Industry 4.0 blueprint, titled "Industry4WRD," which aims to make Malaysia the prime destination for high-tech industries in the region. Worldwide Semiconductor Equipment Billings Drop to $15.8 Billion in 3Q18 E SEMI reported that third quarter 2018 world- wide semiconductor manufacturing equip- ment billings dropped 5% from the previous quarter to $15.8 billion but are 11% higher than the same quarter a year ago. Southeast Asia Electronics Supply Chain Set Sights Towards Smart Manufacturing E Southeast Asia is a region that is fast develop- ing. It has evolved from an agricultural soci- ety to one of the fastest growing regions in the world within the span of a century. Semiconductor Equipment Sales to Reach Record Growth of 9.7% to $62B in 2018 E Worldwide sales of new semiconductor manu- facturing equipment are projected to increase 9.7% to $62.1 billion in 2018, exceeding the historic high of $56.6 billion set last year. The equipment market is expected to contract 4.0% in 2019 but grow 20.7% to reach $71.9 billion, an all-time high.

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