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82 SMT007 MAGAZINE I AUGUST 2019 Semiconductor Industry Capex Forecast to Slump in 2019 and 2020 E The streak of strong ≥45% capital spend- ing growth two years after spending cutbacks ended in 2015, with capital spending register- ing a 1% decline. 5G Smartphones Shipment to Reach 1.9 Billion, Overtaking 4G in 2023 E 5G-enabled handsets will reach nearly 800 mil- lion units in 2023, accounting for 51.4% of all smartphone shipments, passing 4G smart- phones five years after 5G's global commercial launch. Industrial Communication Market Size to Top $160B by 2025 E The emergence of the industrial internet of things (IIoT) solution is driving the industrial communication market. Automated Test Equipment Market Forecast to Rise by 3.53% During 2019–2024 E The global automated test equipment mar- ket was valued at $3.84 billion in 2018 and is expected to reach a value of $4.72 billion by 2024 at a CAGR of 3.53% during the forecast period (2019–2024). Asia/Pacific AR and VR Spending to Reach $70B in 2023 E IDC expects consumer and enterprise/com- mercial segments spending in AR/VR products and services to grow at a five-year compound annual growth rate (CAGR) of 81% during 2018–2023. AI, Robots, Data Software Helping Create New Approach for Planning Cities of the Future E Artificial intelligence (AI) and robots are play- ing significant roles as planners develop the cities of the future. Gaming PCs and Monitors Deliver Mixed Results in 1Q19 E Worldwide shipments of gaming desktops and notebooks reached 7.5 million units during the first quarter of 2019, down 6.2% from last year as the market was plagued with inven- tory issues. MEMS Market Poised to Grow at a Rapid Pace E The micro-electromechanical systems (MEMS) market reached a value of $12 billion in 2018 and estimated to grow at a CAGR of 17% dur- ing 2019–2025. LED Driver Market Size Worth $11.31B by 2025 E The global LED driver market size is expected to reach at $11.31 billion by 2025, according to a new report by Grand View Research Inc. Google Overtakes Amazon to Lead the European Smart Home Market in 1Q19 E In the first quarter of this year, the smart home market in Europe grew 23.9%, reaching 21.3 million units shipped to the region, accord- ing to data from International Data Corpora- tion's (IDC) Worldwide Quarterly Smart Home Device Tracker.

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