66 SMT Magazine • February 2015
Electronics Industry News
Market Highlights
connected car M2M connections and services
market by 2019.
Retail Automation Market to See
16.7% CAGR
The global retail automation market is expected
to reach $275.43 billion by 2020, at a CAGR of
16.7% between 2014 and 2020. The lucrative
growth rate of the retail market in future is the
major factor driving the retail automation market.
Data Recorder Market to Grow at
4.52% CAGR
The data recorder market forecast report offers a
complete analysis of the market during the fore-
cast period of six years from 2014–2020. It ana-
lyzes factors driving the market, restraining market
growth, opportunities, and challenges faced by
the industry.
ASP of Ultrabooks, Tablets Down
7.8% in 2014
According to market intelligence firm ABI Re-
search, the average weeks of household income
needed to buy a tablet or ultrabook both declined
by approximately 30% YoY, making these devices
more affordable to a wider range of consumers.
Satellite Communications Market to
Generate $3.1B by 2023
NSR's newly released Unmanned Aircraft Sys-
tems (UAS) via Satellite report projects impressive
growth for satellite-based UAS in all regions, with
revenues rising from $1.3 billion in 2013 to $3.1
billion in 2023.
Investment in Microgrid-enabling
Tech Tops $155B
Offering the ability to isolate from the wider elec-
tricity grid during power outages, as well as a high
capacity to integrate renewable, distributed ener-
gy resources, microgrids have become a growing
phenomenon in the global energy sector in the
last few years.
Manufacturing Sector All Set for Recovery
The Great Recession was devastating to manufac-
turing and the subsequent prolonged recovery
permanently took away years of potential growth.
The sector's structure has changed; industries that
comprised one-quarter of manufacturing value-
added fell substantially short of their pre-recession
production levels and are still recovering. Manu-
facturing as a whole, meanwhile, is in an economic
expansion.
The Era of Connected Devices
Imagination Technologies reports that an impres-
sively broad range of products at the recent Inter-
national CES 2015 incorporated one or more of
its technologies, reflecting a growing recognition
of Imagination's leadership capabilities helping to
drive industry trends such as higher quality graph-
ics, audio and video; high-performance and high-
ly-efficient processing; and on-chip connectivity.
Internet of Things Stimulates MEMS Market
Worldwide market revenue for MEMS directly used
in industrial IoT equipment will rise to $120 million
in 2018, up from $16 million in 2013, according to
IHS Technology. Additional MEMS also will be used
to support the deployment of the IoT, such as de-
vices employed in data centers. This indirect mar-
ket for industrial IoT MEMS will increase to $214
million in 2018, up from $43 million in 2013.
Home Automation, Control Market
at $12.81B by 2020
According to a new market research report pub-
lished by MarketsandMarkets, the market is ex-
pected to grow at a CAGR of 11.36% between
2014 and 2020, and reach $12.81 billion by 2020.
Global Connected Car M2M Connections,
Services Market
ReportsnReports.com adds Global Connected Car
M2M Connections and Services Market research
report that says big data analytics and smart
phone apps will foster the growth of the global
66 SMT Magazine • February 2015