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78 SMT007 MAGAZINE I MAY 2019 As the Economy Slows and Wages Surge, Corporate Profits Likely to Decline E In 2019, surging labor costs and slower revenue growth will likely lead to a decline in corpo- rate profits in both the U.S. and other advanced economies, finds a new study on labor market trends. Taiwan's Solar PV Market Aims 1.5GW in New Installations by 2019 E The year 2018 proved to be the most disastrous year for Taiwan's solar PV manufacturers, yet the best year in terms of solar PV system instal- lations downstream, bringing new installations up to 1GW for the first time in history. Double-digit Growth Expected in the Smart Home Market E The global market for smart home devices is expected to grow by 26.9% year over year in 2019 to 832.7 million shipments, according to International Data Corporation (IDC). 5G Fixed Wireless Access Market to See CAGR of 97.47% From 2019–2026 E The 5G fixed wireless access market is expected to grow from $396 million in 2019 to $46.37 bil- lion by 2026 at a CAGR of 97.47% from 2019– 2026. N.A. Semiconductor Equipment Industry Posts February 2019 Billings E North America-based manufacturers of semi- conductor equipment posted $1.86 billion in billings worldwide in February 2019 (three- month average basis), according to the "Feb- ruary Equipment Market Data Subscription (EMDS) Billings Report" published by SEMI. Intelligent Electronic Devices Market 2019–2023 Forecast E The global intelligent electronic devices mar- ket was valued at $10.55 billion in 2017 and is expected to reach $17.09 billion by 2023, regis- tering a CAGR of 9%. Worldwide Spending on Security Solutions Forecast to Reach $103.1 Billion in 2019 E Global spending on security-related hardware, software, and services is forecast to reach $103.1 billion in 2019, an increase of 9.4% over 2017. Smart Manufacturing Market to Reach $548.14 Billion by 2024 E The opportunity in the global smart manufac- turing market is likely to touch $548.14 bil- lion by 2024, expanding at a CAGR of 13.02% between 2016 and 2024, according to Transpar- ency Market Research (TMR). Semiconductors Surpass Cars as a Top U.S. Export in 2018 E According to recently released U.S. govern- ment data, U.S. semiconductor exports in 2018 totaled $44 billion, ranking fourth among all U.S. exports, following aircraft and oil (crude and refined), and surpassing automobiles for the first time since 2010. Consumer Augmented Reality Market Continues to Grow E By 2023, the revenues from consumer software and content will reach more than $8.5 billion while consumer AR smart glasses will reach four million-unit shipments by 2023.

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