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54 SMT Magazine • June 2017 Power Industry Focuses on Renewables: Solar PV is the Fastest Growing Increased decentralization, the need to decarbon- ize electricity generation, and digitization to boost operational efficiency are driving market opportu- nities in the power industry. Continued regulatory support for renewable energy in key markets will see global power investment reach $443.5 billion in 2017. Global IT Robotic Automation Market to Grow at CAGR of 64% The global IT robotic automation market generat- ed revenue of $474.9 million in 2016 and is antici- pated to contribute $38.88 billion by 2025, grow- ing at a CAGR of 64.3%. Strong Security Proves Essential for Enterprise Smartwatch Adoption ABI Research forecasts enterprise smartwatch ship- ments will reach nearly 14 million in 2022, increas- ing from just more than two million in 2017. IR Sensor Module Market to Reach $145M in 2017 With more high-end smartphones adopting 3D sensing, TrendForce estimates that the worldwide market scale of IR sensor modules for mobile devic- es will reach $145 million in 2017. Worldwide Enterprise Tablet Market to Grow at a CAGR of 9% by 2021 The global enterprise tablet market is forecast to grow at a CAGR of 8.61% during the period of 2017 to 2021 amid increasing adoption among SMEs worldwide. Fiber Optic Connector Market Worth $5.9B by 2025 The global fiber optic connector market is expect- ed to reach $5.9 billion by 2025, according to a new report by Grand View Research Inc. Integrated Passive Devices Market Worth $2.64B by 2025 The global integrated passive devices market is expected to reach $2.64 billion by 2025, accord- ing to a new report by Grand View Research Inc., mainly driven by growing demand from the wire- less, electronic, handheld devices. Spending on Consumer Video Media Services to Reach $314B in 2017 Global spending on consumer video media servic- es will total $314 billion in 2017, a 4.2% increase from 2016, according to Gartner Inc. India IT infrastructure Spending on Pace to Reach $2.2B in 2017 IT infrastructure spending in India will total $2.2 billion in 2017, a 1.5% increase from 2016, ac- cording to a new report by Gartner Inc. Global Inspection Robots Market to Grow at a CAGR of 17% by 2021 The global inspection robots market is forecast to grow at a CAGR of 16.68% during the period 2017-2021, driven by the fact that with their ad- vanced capabilities, robots can help industries to minimize labor cost and focus on achieving higher operational excellence. Electronics Industry News Market Highlights

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