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50 SMT Magazine • December 2016 China's Semiconductor Sector to Undergo Rapid Consolidation in 2017 Numerous major participants in the global semi- conductor sector are engaging in deal-making to make themselves larger and more competitive. In China, consolidation will take place within the three broad sections of the semiconductor sector, namely foundry, IC testing/packaging and fabless design, according to TrendForce. Europe to Surpass North America in IoT Sensors Market The global IoT sensors market was valued at $6 bil- lion in 2015 and is poised to rise to $34.75 bil- lion by 2023, expanding at a tremendous CAGR of 24.5% from 2016 to 2023. Geographically, North America will continue to dominate the market by revenue until 2020, but Europe is expected to over- take the US by 2021. Automotive Systems Forecast to Show Strongest Growth Through 2020 The market for automotive electronic systems is expected to display the strongest cumulative av- erage growth rate through 2020, at 4.9%, highest among the six main electronic system categories, according to IC Insights. Enterprise Wearables Find First Inflection in Industrial and Field Service Markets The warehouse and manufacturing vertical, along with field services, represent one quarter of the wearable devices shipped to enterprise end users in 2016. ABI Research forecasts shipments to these segments will more than triple to top 35 million units in 2021. Average PC DRAM Contract Price Jumped Over 20% Sequentially in October The average contract price of 4GB PC DRAM mod- ules increased over 20% between September and October from $14.50 to $17.50 as DRAM suppli- ers completed their fourth-quarter contract nego- tiations with first-tier PC-OEMs, according to DRA- MeXchange. Demand for Alternative Fuel in Automotive Sector to Stir Growth of Lithium-ion Battery Market Transparency Market Research projects the global lithium-ion battery market to reach $77.42 billion in 2024 from $29.68 billion in 2015. 3D Printing of Electronic Devices to Generate Over $420M in 2022 3D printing in the electronics industry is forecast to generate $428 million in revenues by 2022, and go on to achieve $2.8 billion in revenues by 2025, according to a new report by SmarTech Publish- ing. Asia Pacific to Dominate Uptake of Smart Manufacturing Technologies and Systems The global smart manufacturing market is expect- ed to be worth $548.14 billion by 2024 as com- pared to $159.05 billion in 2015, according to Transparency Market Research. The Asia Pacific re- gion will show a significant CAGR of 13.6% during the same period, driven by the growing awareness of better manufacturing technologies and grow- ing investments in manufacturing activities. Power IC Sector Stood Out in an Overall Declining Power Semiconductor Market in 2015 According to a new forecast report from IHS Markit, while power discretes and modules prod- ucts both declined about 10% in 2015 compared to 2014, the power semiconductor sector signif- icantly under-performed in comparison to the overall semiconductor market. Electronics Industry News Market Highlights

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