The electronics industry is always looking for the next "killer application," and much of the buzz is now about the "Internet of Things" and promised growth. Market projections vary widely in both dollars and units. IDC expects the global Internet of Things (IoT) to grow by more than $5 trillion over the next six years. Strategy Analytics projects that the number of connected devices will increase from 12 billion at the end of 2014 to 33 billion devices in 2020. And Gartner calls for a thirty-fold increase, to 26 billion units, between 2009 and 2020. But what does this mean to the electronics industry, or more specifically, the semiconductor packaging and assembly segment? IoT is the "interconnection of uniquely identifiable embedded computing devices within the existing Internet infrastructure." Basically this means a lot of connected devices, including sensors, sprinkled around from everything from the milk carton in your refrigerator to the thermostat in your home or office.
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