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82 SMT Magazine • June 2014 SMTonline Market news Highlights Wireless M2M Devices to See CAgR of 21.4% according to a new research report from the analyst firm berg Insight, the number of devices with cellular or satellite connectivity deployed in oil and gas appli- cations worldwide was 423,000 at the end of 2013. Growing at a compound annual growth rate (CaGr) of 21.4%, this number is expected to reach 1.12 mil- lion by 2018. China Plays vital Role in u.S. economy; exports Hit $120B "exports to China play an essential role in the u.S. economy and job growth," said uSCbC president John frisbie. "with China's large population, rapidly grow- ing middle class, and a long list of economic develop- ment goals, american companies of all sizes are send- ing a variety goods and products to an ever-growing consumer and business marketplace in China." Small Business Owners Optimistic About growth in 2014 In a survey of small and mid-sized business, the pep- perdine private Capital Markets project 2014 eco- nomic forecast shows that business owners are op- timistic about growth opportunities, both nationally and personally, for the remainder of 2014. Pe Market to Reach $40.2 Billion by 2020 The printed electronics market is estimated to grow at a CaGr of 33.8% from 2014–2020. and it is es- timated to reach $40.2 billion by 2020, according to a report published by MarketsandMarkets. rising energy costs, coupled with climate change are driv- ing the increase of renewable energy sources such as solar photovoltaic technologies. Thin-film photovol- taic cells are found in one of the major applications of printed electronics. global Semiconductor Industry Hits Record Sales in Q1 The Semiconductor industry association (Sia) an- nounced that worldwide sales of semiconductors reached $78.47 billion during the first quarter of 2014, marking the industry's highest-ever first quar- ter sales. Global sales reached $26.16 billion for the month of March 2014, an increase of 11.4% from March 2013 when sales were $23.48 billion. employment gains Buoyed by Professional & Business Services in april, the unemployment rate fell from 6.7% to 6.3%, and the number of unemployed persons, at 9.8 million, decreased by 733,000. both measures had shown little movement over the prior four months. over the year, the unemployment rate and the num - ber of unemployed persons declined by 1.2% and 1.9 million, respectively. Wearable electronics to be a $70B Business in 2024 wearable electronics is a fragmented industry when it comes to manufacturers. even mature sub-sectors have no clear leaders in what will be a $70 billion-plus business in 2024 with 12,000 developers and manu - facturers, as recently calculated by analysts IDTechex. global Smartphone Shipments Reach 267M units in 1Q14 "The Q1 momentum came mostly from the emerging market sectors and China," noted avril wu, assistant vice president of Trendforce. "The Chinese smart - phone manufacturers' increased 4g smartphone pro- duction is key to the smartphone industry higher than anticipated Q1 growth." eco-friendly electronics Drives Pe Market growth analysts forecast the global printed electronics market to grow at a CaGr of 20.6% over the period 2013– 2018. one of the key factors contributing to this market growth is the increased need for eco-friendly electronics products. The market has also witnessed the miniaturization of electronics devices. however, a lack of technology standards could pose a challenge to growth. What's Driving the global Diagnostic Imaging Market? Some factors, such as increasing investments and funds by government bodies worldwide, investments by public-private partnerships, increasing number of diagnostic procedures and diagnostic centers, rising number of cancer patients, and technological ad - vancements, are driving the global diagnostic imag- ing market. 82 SMT Magazine • June 2014

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