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66 SMT Magazine • August 2015 Electronics Industry News Market Highlights Manufacturing in a World of Stress The Institute for Supply Management said the Purchasing Managers' Index (PMI), a short-term leading indicator of U.S. manufacturing growth, increased by 0.7 percentage points from May to a level of 53.5% in June. Device Shipments to Reach 2.5 Billion Units in 2015 Worldwide combined shipments of devices—PCs, tablets, ultramobiles and mobile phones—are ex- pected to reach 2.5 billion units in 2015, a 1.5% increase from 2014 and down from the previous quarter's forecast of 2.8% growth, according to Gartner Inc. Wearable Medical Devices Market to be Worth $5.8B by 2019 Transparency Market Research's report says the global wearable medical devices market was worth $2 billion in 2012, and is estimated to be worth $5.8 billion by 2019. The study also indicates that the global wearable medical devices market will register a CAGR of 16.4% during the forecast pe- riod of 2013 to 2019. China: Rise of the Robots China overtook Japan in 2013 to become the world's largest market for industrial robots. A 53% jump in domestic sales last year means the coun- try now accounts for a quarter of the global mar- ket; but analysts believe this is only the beginning, given the low use of robots in China's production plants. IHS: Growth Rates of 3% "Relic of Economic History" The long-term potential growth rate for ad- vanced economies will decelerate to an average of 1.8%, down from average potential growth of 2.5% during 1990–2007, according to an analy- sis utilizing the Global Link Model from IHS Inc., the leading global source of critical information and insight. Cloud, Big Data Driving Growth of Data Center Equipment Market TMR analysts state that the global data center equipment market was worth US$32.15 billion in 2013 and will display a 12.9% CAGR between 2014 and 2020. Digitalization of data across vari- ous industry sectors has created unparalleled de- mand for data storage and data backup facilities. Enterprise Network Equipment Market Projected to Reach $30.6B by 2020 Rising bandwidth requirements, expanding mobile workforce, growing base of mobile Internet devic- es, and accelerating shift towards wireless systems are expected to drive the global enterprise network equipment market to reach $30.6 billion by 2020, according to GIA. US Medical Imaging Industry Faces Transition Medical imaging is a notoriously data intensive field with its volume, variety and speed of data genera- tion multiplying every day. Conventional tools are incapable of efficiently managing such large and complex datasets—posing limits on scalability, sus- tainability and usability. Smartphone Sales Remain Vital to IC Market in 2015 Smartphones first accounted for more than 50% of total quarterly cell phone shipments in the first quarter of 2013. In the fourth quarter of 2015, smartphones are forecast to reach 435 million units or 80% of total cell phones shipped, according to IC Insights. Tablet Shipments Experience Largest Decline since Inception For branded tablets, the year 2015 is off to a rocky start. For the first time since inception, the popular consumer item experienced its largest quarter-on- quarter decline to date of 35%, and largest year- on-year decline of 16%, according to market intel- ligence firm ABI Research. 66 SMT Magazine • August 2015

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