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70 SMT Magazine • March 2015 Electronics Industry News Market Highlights Global Connected Car Market to Hit $131.9B by 2019 The report states that the global connected car market will achieve remarkable growth between 2013 and 2019 and rise to US$131.9 billion by 2019, registering a CAGR of nearly 34.7% during the forecast period. BEMS Revenue to Reach $10.8B by 2024 According to a new report from Navigant Re - search, worldwide revenue from building energy management systems (BEMSs) is expected to grow from $2.4 billion in 2015 to nearly $10.8 billion in 2024. By 2020, Commercial Drones Market to Reach $1.27B The total commercial drones market was val- ued at $15.22 Million in 2014 and is expected to reach $1.27 Billion by 2020, at an estimated CAGR of 109.31% between 2014 and 2020. High-End Gyroscopes to Reach $1.69B in 2019 The 2014 market for high-performance gyro- scopes, which was estimated at $1.37B, is there- fore expected to grow at a 4.4% annual rate to reach $1.69B in 2019. Testing, Inspection Market to Reach $50B by 2020 The testing, inspection and certification market is expected to reach $50.44 billion by 2020, grow- ing at a CAGR of 5.80% between 2014 and 2020, according to a new report by MarketsandMarkets. Semiconductor Unit Shipments to Top One Trillion in 2017 Total semiconductor unit shipments (integrated circuits and opto-sensor-discrete, or O-S-D, devic- es) are forecast to continue their upward march through the current cyclical period and top one trillion units for the first time in 2017 according to IC Insights' forecast presented in the 2015 edi- tion of The McClean Report—A Complete Analy- sis and Forecast of the Integrated Circuit Industry. By 2020, Human Augmentation Market to Reach $1135M Total Human Augmentation Market was valued at $91.8 Million in 2013 and is expected to reach up to $1135 Million by 2020, at a CAGR of 43.52% between 2014 and 2020. 1 Billion Cellular M2M Connections a Realistic Prospect by 2020 The 'Global M2M Connectivity and Services Fore- cast' looks at the rapid rise of M2M since 2013 when there were just 172 million cellular M2M connections worldwide but also projects a note of caution in the face of increasing hype around the future of M2M and the Internet of Things (IoT). SMBs Optimism Rises; Seen to Continue Hiring "Improved performance by small and mid-sized business is traditionally the barometer of a full economic recovery," said Craig R. Everett, Ph.D., Assistant Professor of Finance and Director of the Pepperdine Private Capital Markets Project. "But while it's true that the uptick in hiring projections and higher wages is good news for American workers, not everything is rosy." 70 SMT Magazine • March 2015

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