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Cloud computing platforms have fueled the digital transformation of enterprises in recent years. Public cloud has been playing a key role during the process. While applications of IoT and AI grow increasingly popular, the ecosystem of cloud services and the integration of cloud and edge have emerged as weak points of the market, says TrendForce. Cloud service providers have started to put more emphasis on the edge computing market, which has a CAGR of more than 30% from 2018 to 2022.
According to the latest research by TrendForce, the market of automotive mmWave radar expects rapid growth with the shipment estimated at 65 million units in 2018; the CAGR is expected to be 15% from 2018 to 2023. The growth momentum comes from China’s adoption of C-NCAP, a car safety assessment program, and NHTSA’s new regulation that makes automatic emergency braking system as a standard feature for new cars.
According to the latest research by TrendForce, the global VR market sees marginal growth this year, and will remain inactive till the year-end due to the conservative attitude of most manufacturers and lack of new products. TrendForce expects major manufacturers to schedule their new product launching at the end of the year to leverage the market in 2019. As for the rest of this year, the competition between Oculus and HTC in the Chinese market would be a focus for global VR market.
The prices of mainstream LED package products remained stable in the Chinese market for June 2018, says LEDinside, a division of TrendForce.
The global electric vehicle market continues to expand while the oil prices increase, power battery prices decrease, and countries have been proposing stricter CO2 emission targets for vehicles. EnergyTrend, a division of TrendForce, forecasts that the market share of electric vehicles will reach 5% in 2020 and 8~9% in 2023.
