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78 SMT007 MAGAZINE I NOVEMBER 2019 IDTechEx: The Future of Wearables Is Medical (Part 1) E Electronic devices on the body are perfectly placed for sensors to collect data relevant to healthcare, with communication options allow- ing them to be the gateway to digital health data. Spending on AI Systems in the Middle East and Africa to Top $374M in 2020 E Spending on artificial intelligence (AI) sys- tems in the Middle East and Africa (MEA) is expected to maintain its strong growth trajec- tory as businesses continue to invest in proj- ects that utilize the capabilities of AI software and platforms. Radar Market Size Worth $38B by 2025 E The global radar market size is expected to be valued at $38.01 billion by 2025, registering a CAGR of 3.8% over the forecast period, accord- ing to Grand View Research Inc. Global Memory Semiconductor Market to Reach $52B by 2024 E The global memory semiconductor market for the consumer electronics industry is pro- jected to grow at a CAGR of 0.63% to reach $52.057 billion by 2024, up from $49.999 bil- lion in 2019. Europe Consumer Confidence Unshaken by Economic, Political Uncertainties E The Conference Board Global Consumer Con- fidence Index for the European region was unchanged at 89 in the third quarter of 2019 (a reading of 100 or above is considered positive) and even increased by one point (from 87 to 88) for the broader European region. Global Biometrics Technologies Market Report 2019–2027 E The global biometrics technologies market accounted for $14.6 billion in 2018 and is expected to grow at a CAGR of 16.2% over the forecast period of 2019–2027, to account for $55.42 billion by 2027. Top 10 Trends in Information and Communication Technology Industry for 2020 E TrendForce provides predictions of the infor- mation and communication technology indus- try for 2020, focusing on 10 key themes. Emergence of Miniaturized EO/IR Systems to Boost Global Military Laser Designator Market Growth E The global military laser designator market is expected to post a CAGR of close to 5% during the period 2019–2023, according to the latest market research report by Technavio. Pulsed RF Power Semiconductor Device Markets to Top $300M by 2024 E Markets for pulsed RF power devices up to 4 GHz will show continued moderate and steady growth over the next five years and exceed $300 million by 2024, despite current eco- nomic and political turmoil. U.S. Medical Technology Market Projected to Exceed $200B by 2023 E Medical device manufacturing remains a strong market, driven by technological devel- opments, an aging population, and increases in chronic and lifestyle diseases—trends that expand healthcare spending.

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