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70 The PCB Magazine • March 2015 LED Industry to Face Challenging Market in 2015 The market rise propelled enterprises to oper- ate in full capacity, and even the enterprises that had been closed down resumed their capacity. But in the second half of 2014, the LED mar- ket plummeted and will very likely continue to worsen in 2015. Automotive Industry to Boost M2M Services Market "Increased awareness among vehicle owners about safety is expected to fuel the growth of the Global M2M Services Market during the forecast period," says Faisal Ghaus, Vice Presi- dent of TechNavio. Consumer Confidence on Tech Spending Remains High Consumer sentiment toward technology spend- ing and the overall economy shows strong read- ings for January after record highs in December, according to the latest data released today by the Consumer Electronics Association (CEA). Smart City Technology Market to Top $27.5B Annually by 2023 "Cities are seeking partners and suppliers to col- laborate on ambitious programs for sustainabil- ity, innovation in public services, and economic development that depend on significant tech- nology investments," says Eric Woods, research director with Navigant Research. DRAM Industry Up 8% in 4Q14 The average contract price in the fourth quarter was slightly above the prior quarter, driving up the growth of the DRAM market in 4Q14. Silicon Wafer Shipments Achieve Record Levels in 2014 Worldwide silicon wafer area shipments in- creased 11% in 2014 when compared to 2013 area shipments, according to the SEMI Silicon Manufacturers Group (SMG) in its year-end analysis of the silicon wafer industry. However, worldwide silicon revenues increased by just 1% in 2014 compared to 2013. Wearable Technology to Reach $22.7B in 2015 Wearable technology will be worth USD 22.7 bil- lion in 2015 rising to USD 173.3 billion by 2020, but the long-term potential of the sector will make these numbers seem rather small. Asia's Smartphone Growth to Slow in 2015 The relentless smartphone growth in the Asia- Pacific region is set to slow dramatically in 2015. Asia-Pacific's growth is set to drop from 43% in 2013 to 17% in 2014 and then to just 10% in 2015, largely driven as ever by China, according to market intelligence firm ABI Research. Tablet Shipments Slow Down Dramatically According to preliminary data, total tablet ship- ments reached 78.3 million units in Q4 2014, up 1% from 77.2 million in Q4 2013. Apple fur- ther consolidated its global market share, due to anticipated seasonal shipments reaching a 27% share of the tablet market. Global MEMS Market Continues to See Increase in Demand The increasing number of new applications in MEMS is one major trend upcoming in the mar- ket. Consumers are increasingly demanding smart devices such as fitness and health devices, smartwatches, and GPS-enabled devices, which have increased the demand for MEMS devices. 70 The PCB Magazine • March 2015 Electronics Industry News Market Highlights

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