- smt007 Magazine
Latest IssuesCurrent Issue
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
This issue takes stock of the current economic outlook and how companies are using current conditions to move themselves through technological evolutions, workforce shifts, and financial changes. Even with these headwinds, there’s forward progress to be made.
- Events||| MENU
- smt007 Magazine
It’s an Exciting Time in ElectronicsOctober 6, 2022 | Sal Sparacino, SMTA
Estimated reading time: 2 minutes
SMTA International is just around the corner, and we are excited to be meeting fully in person and onsite. The conference and expo runs from Monday, Oct. 31 through Thursday, Nov. 3, returning to the Minneapolis Convention Center. Once again, we will co-locate with Medical Design & Manufacturing Minneapolis 2022 (MD&M). As the world continues to adjust to the new normal following nearly years of the pandemic, an in-person industry conference and exhibition is more valuable than ever. As the SMTA VP of Expos, I am very excited about this year’s program as it offers many opportunities to Connect with colleagues and friends alike, Learn the latest in research and process solutions, and Advance your career.
It is an exciting time within the electronics industry as our technology continues to develop at an ever-increasing rate to meet new product development requirements. As reported by Grand View Research, the global active electronic components market is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2021 to 2028. This is driven mostly by the rapidly growing demand for consumer electronics devices, such as smartphones and laptops.
Let’s not forget the electronic requirements for the electric vehicle (EV) sector. According to Facts and Factors2, the global electric vehicle market is anticipated to grow at a compound annual growth rate (CAGR) of 24.5% during the forecast period between 2022 and 2028. The valuation for the EV market was $185 billion in 2021 and is estimated to pass $980 billion by 2028.
Add to this the advanced electronic demands for aerospace and defense, telecommunications, medical, and space, and you see that our industry is poised for continuous technology development. This takes talented personnel and aggressive corporations willing to invest in core research and product development. SMTA International is the ideal venue to glean industry direction and the industrial and commercial future technology requirements.
Even More Reasons to Attend
If you are a young professional or an industry newcomer, discover “Passport to the World of SMT.” This program will run during the Expo on Wednesday and Thursday. Young professionals and industry newcomers, named “Explorers,” will be issued passports to guide them through a typical SMT process by identifying Ambassador exhibitors on the show floor. Ambassador booths will be marked by special flags and the Ambassadors identified by special badges. As Explorers wander the exhibit floor, they will meet the Ambassadors, discuss their technology, and answer questions. This is an ideal opportunity for the Explorers to connect with subject matter experts and for industry to nurture the next generation of industry experts. For any young professionals or newcomers to the industry, this opportunity is certainly not to be missed. Even if you don’t fit those criteria, the program is open to all registered attendees. Details can be found here.
To read this entire article, which appeared in the October 2022 issue of SMT007 Magazine, click here.
Canadian avionics manufacturer, Anodyne Electronics Manufacturing Corp. (AEM), is pleased to announce a partnership expansion with Texas Aerospace Technologies, a subsidiary of Texas Aerospace Services, to add AEM’s new MTP136D modern panel-mount P25 VHF FM Forest Service radio to its lineup of product offerings for their Latin American customers.
Collins Aerospace, an RTX business, has been selected by Air India for a full suite of avionics hardware catering to the airline's expanding Boeing 737 MAX fleet.
Further to the announcement of 17 August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.
With such an extremely newsy week, it was hard to select just five items you absolutely must read, but here goes. We have advocacy news from PCBAA and IPC, global market data on AI PC and GenAI smartphone hardware, a roundtable discussion on sales and marketing, a bookended pair of international milaero stories emphasizing a healthy aerospace industry, and an industry report on global semiconductor sales.
Honeywell announced it will invest $84 million to expand its Olathe manufacturing facility in Kansas. The project, which is expected to generate nearly $47 million in total gross domestic product (GDP) and contribute $18.3 million to state and local taxes in the first six years, supports the company's alignment with the compelling megatrend of the future of aviation.