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68 SMT Magazine • July 2014 SMTonline Market News Highlights IoT Market to Reach $1,423 Billion by 2020 The value of internet of Things (ioT) market was worth $1029.5 billion in 2013, and is expected to reach $1,423.09 billion by 2020, at an estimated CAgR of 4.08% from 2014–2020. Graphene Markets to Top $390 Million in 2024 new research by iDTechEx in the report "gra- phene Markets, Technologies and opportuni- ties 2014–2024" shows that graphene markets will grow from around $20 million in 2014 to more than $390 million in 2024, at the material level. Printing Technologies Extend to PE Components Printed electronics uses graphic arts techniques such as screen printing or inkjet, to print electronic and photonic devices by using conducting or di- electric inks that results in the development of ac- tive or passive devices such as resistors or thin film transistors (TfT). Positive outlook Develops for Global Economy Paul A. Laudicina, founder of the fDi Confidence index, notes, "Despite racking volatility and eco- nomic uncertainty on a global scale, the findings from the 2014 fDiCi suggest that a corner is be- ing turned. Corporations sitting on massive cash reserves are increasingly confident they can parlay these into productive investments with attractive returns." EMS Market Driven by Demand for Testing Services The testing services provided by EMS provid- ers are dependent on the solutions required by oEMs and the vertical to which they cater. The outsourcing of testing services to EMS provid- ers will increase due to innovation in consumer electronics products. The market is driven by strong demand for such services from the tele- communication and consumer electronics in- dustries. The Conference Board Sees Strong, Steady Job Growth The underlying hiring trend, especially in profes- sional services, is encouraging, with more good news expected through the summer and into the fall. More jobs means more pay checks, lifting sen- timent and resulting in still more consumer buying. Industrial Robotics Market to See Steady 6.4% CAGR in United States alone the sale of industrial robotics for manufacturing use grew by 44% during 2011, indicating that the industrial robotics market is a correlant to the overall revitalization of the produc- tion base in the U.S. and a an important compo- nent of the general economic performance of the country. Energy Capacity of Energy Storage Applications: CAGR of 71% According to a recent report from navigant Re- search, the annual energy capacity of advanced batteries for utility-scale energy storage applica- tions will grow from 412 megawatt-hours (MWh) in 2014 to more than 51,200 MWh in 2023, at a compound annual growth rate of 71%. Automotive Electronics Market at $77B by 2020 The automotive under-the-hood ECU electronics market is estimated to have been worth $44.8 bil- lion in 2013 and is forecast to grow to $77 billion in 2020, a CAgR of 8%. Semicast forecasts global light vehicle production volumes to grow over this period from 82 million to 106 million. However, more than 40% of the increase in global light ve- hicle production is forecast for China alone. 3D Printing: The Making of a $7B Market The market has huge potential, but is still embry- onic in terms of development, with main players taking their first steps by 3D printing conductive and insulating materials into a single object. 3D printed electronics, including 3D printed transis- tors, will not be fully realised within 10 years, but some emerging medical applications will be com- mercialised well before 2025. 68 SMT Magazine • July 2014

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