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.
