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56 SMT007 MAGAZINE I MARCH 2018 Wearable Technology Market to Grow Over $25B in 2018 E In its new report, Visiongain forecasts the global wearable technology market to reach past $25 billion in 2018. Spending on Internet of Things in CEE to Exceed $11 Billion in 2018 E Spending on the Internet of Things (IoT) in Central and Eastern Europe (CEE) is forecast to reach $11.2 billion in 2018, an increase of 15.5% over the $9.7 billion recorded in 2017, according to the International Data Corpora- tion (IDC) Worldwide Semiannual Internet of Things Spending Guide. PC-Based Automation Market Worth $38.01 Billion by 2023 E The PC-based automation market is expected to grow from $29.92 billion in 2018 to $38.01 billion by 2023, at a CAGR of 4.9% between 2018 and 2023, according to MarketsandMarkets. Lithium and Cobalt Markets Set to Grow E According to a new report published by Trans- parency Market Research, the global lithium- ion battery market is expected to reach $77.42 billion by 2024, at a compound annual growth rate of 11.6 percent from 2016 to 2024, mainly driven by the increasing need for clean energy. India's External Storage Systems Witnessed Increased YoY Spending in Q3 2017 E India's External Storage Market witnessed marginal 0.4% growth YoY (by vendor reve- nue) and stood at $66.4 million in Q3 2017 according to IDC's latest Asia/Pacific Quarterly Enterprise Storage Systems Tracker, Q3 2017. Edge Computing Market to Grow at 30% CAGR from 2018 to 2022 E TrendForce forecasts that the edge computing market will grow by a compound annual growth rate (CAGR) of over 30% from 2018 to 2022. Wearable Medical Devices Market Worth $14B by 2022 E MarketsandMarkets expects the wearable medical devices market to reach $14.41 billion by 2022 from $6.22 billion in 2017, at a CAGR of 18.3%, mainly due to the technological advances in medical devices, increasing pene- tration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices, and increasing aware- ness about physical fitness. China's Wafer Fabrication Industry Sees Intensified Competition in 2018 E According to TrendForce's latest report, Breakdown Analysis of China's Semiconduc- tor Industry, many fabs are being built in China with high capital expenditures, attract- ing attention from the industry. Electronic Industry News and Market Highlights

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