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
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