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
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