SCOTTSDALE, AZ – The global electronic systems market will grow 5% to $1.62 trillion in 2018, while the worldwide semiconductor market is expected to surge 14% this year to $509.1 billion, exceeding the $500 billion for the first time, according to IC Insights.

WASHINGTON, DC – China leads the world in terms of manufacturing output, with over $2 trillion in goods produced, which accounts for 20% of global manufacturing, says the Brookings Institution. This is followed by the US ($1.9 trillion, 18% of global manufacturing), Japan ($1 trillion), Germany ($700 billion), and South Korea ($372 billion).