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30 SMT Magazine • February 2016 Security to Take a Major role in Commercialization of Industry 4.0 Solutions Revolutionary advances in information and com- munication technology have led to the explosive growth of mobile devices and brought about the age of the Internet of Things. IHS Top 10 economic Predictions for 2016 iHS expects a slightly better overall performance for the world economy in 2016, with an expected growth rate of around 2.9%, driven by solid growth in the united States and a slight pickup in the pace of Eurozone and Japanese economic activity, along with an expected easing of recessionary pressures in Brazil and Russia. IoT Market to Nearly Double by 2019 between 2015 and 2019, worldwide systems rev- enues for applications connecting to the Internet of Things (ioT) will nearly double, reaching $124.5 billion in the final year of this decade, according to a report from IC Insights. automotive LeD Market to be Worth $2.29b in 2020 LED manufacturers are branching into the niche application markets as the competition in their in- dustry expands. Currently, entering the automotive LED market is regarded as a blue ocean strategy because the market has relatively few contestants and allows for higher pricing. Worldwide robot Market to See Further Growth in 2016 Research firm TrendForce reveals that the global demand growth for industrial robots continues to accelerate on account of workforce shortages and loss of demographic dividends. automotive Display Systems to Grow to $18.6b by 2021 Driven by continued innovation in vehicle connec- tivity and safety technologies, global revenue from automotive display systems will grow at a com- pound annual growth rate of more than 11% to $18.6 billion by the end of 2021. 3D IC Market to Grow above 79% CaGr to 2019 The continuous miniaturization of electronic de- vices and quick replacement cycle of mobile de- vices are expected to increase the demand for 3D ICs. Growing Security Fears boost Defence budgets Security fears and threats to stability have driven many Western governments to end cuts to de- fence spending, according to a new report by iHS Inc. Global electronics Industry Output Forecast to reach $1.86T in 2015 Output for the global electronics industry is fore- cast to reach $1.861 trillion in 2015, compared to $1.04 trillion 30 years earlier. Shipments of Connected Wearables will reach 228 Million in 2020 According to a new report from analyst firm Berg Insight, shipments of connected wearables is fore- cast to reach forecasted to reach 228.3 million units in 2020, up from 72.5 million in 2015. electronics industry news Market Highlights

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