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70 SMT Magazine • January 2017 Display Panel Makers Increase Fab Utilization Rate to 90% in Q4 The overall utilization rate at fabrication plants used for display panel production is expected to reach 90% in the fourth quarter of 2016, up 7 per- centage points from the same period in the previ- ous year, and up 1 percentage point from the pre- vious quarter, according to IHS Markit. Average Contract Price of PC DRAM to Go Up 15% Sequentially in Q1 2017 The latest research from DRAMeXchange finds that the global DRAM market in the first quarter of 2017 will benefit from the stock-up activities ahead of the Chinese New Year holidays and the wide- spread expectations of tight supply. 4G Smartphones to Surpass 1 Billion Mark in Shipments for 2016 Worldwide smartphone shipments are expected to reach 1.45 billion units with a year-over-year growth rate of 0.6% in 2016, according to the IDC Worldwide Quarterly Mobile Phone Tracker. IoT: Soaring Demand for Smarter Devices to Bring Lucrative Opportunities in Market The global Internet of Things market stood at $237.77 billion in 2014 and is predicted to touch $924.86 billion in 2021, expanding at a whopping 21.4% CAGR between 2015 and 2021. Global Smartphone Production Volume to Grow 4.5% Annually in 2017 Market research firm TrendForce has lowered the projected annual growth rate of smartphone pro- duction worldwide for 2016 to 2.5%. Strong Growth Expected for the Wearable Technology Markets The wearable technology market is worth $28.89 billion in 2016 and expected to reach $71.23 bil- lion by 2021, growing at a CAGR of 18.9% from 2016 to 2021, according to a new report by Scalar Market Research. Indian Smartphone Market Crosses 30-Million-Unit Shipment Milestone The smartphone market in India has crossed the 30-million-unit shipment milestone for the first time ever in a quarter in CY Q3 2016, maintaining its healthy traction with 11% year-on-year growth. Worldwide Sales of Smartphones Grew by 5.4% Year Over Year Three Chinese vendors — Huawei, Oppo and BBK Communication Equipment — together account- ed for 21% of the smartphones sold to end users worldwide in the third quarter of 2016. They were the only smartphone vendors in the global top five to increase their sales and market share during the quarter, according to Gartner Inc. Biometric System Market Worth $32.73 Billion by 2022 The future growth of the biometric system market is expected to be driven by rising use of biometric technology in financial institutes and healthcare sectors, government initiatives in adoption of bio- metric system, and increasing use of biometric sys- tems in criminal identification. Global Tablet Market to Recover in 2018 Worldwide tablet shipments are expected to de- cline by 12% in 2016, rounding out the year at 182.3 million shipments, according to a new forecast from the IDC Worldwide Quarterly Tab- let Tracker. IDC expects the market to rebound in 2018, though growth will remain in the low single digits as detachable tablets slowly gain traction. Electronics Industry News Market Highlights

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