Uncooled Infrared Imagers Technology and Market Trends 2017 Report by Yole Developpement

1. From Technologies to Market Sample Uncooled Infrared Imagers Technology & MarketTrends 2017 August 2017

2. 2 TABLE OF CONTENTS  Glossary, definitions, scope & report objectives 4  Executive summary 9  Introduction 34  Uncooled thermal imaging camera market analysis 44  Focus on applications 54  Thermography 55  Surveillance 58  Automotive 60  Fire fighting, PVS, marine drones 62  Defense 64  Autonomous cars, smartphone & new applications scenario 66  Players 78  Market shares 79  Geographical manufacturing breakdown 89  M&A 90  Supply chains 93  China focus 99  Uncooled thermal imaging technological trends 102  Sensor to camera cost breakdown 103  IR camera supply chain 104  Materials 108  Manufacturing 109  Pixel pitch 113  Packaging 116  IR optics 122  Electronics & software 128  Examples of cost structure breakdown 135  Conclusions 143  Yole Presentation 147 ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

3. 3 REPORT OBJECTIVES • Market data on key uncooled infrared imaging market metrics & dynamics: • Uncooled infrared imaging system sales in units & revenue by market segment: 11 market segments • Uncooled infrared imager sales in units & revenue by market segment • Market share at uncooled infrared imager level • In-depth analysis of traditional uncooled IR imaging applications: thermography, automotive, surveillance, firefighting, PVS, marine and military. • Scenario for a wide diffusion of uncooled IR imagers in smartphones and autonomous cars. • Key technical insights into future technology trends and challenges. • An in-depth understanding of IR imaging value chain, infrastructure and players: • Who are the industrial IR sensor players (IDMs, foundries) and what is their market and technological position? • More generally, who are the key players to watch and how will the IR imaging market evolve? • In-depth analysis of IR cores and cameras cost structure and forecast (lenses, packaging, ROIC …) ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

4. 4 COMPARISON WITH THE 2016 REPORT What we got right, what we got wrong • What we got right: • Micro bolometers are still struggling penetrating the automotive market. The question whether micro bolometers will be necessary for autonomous driving is still open. • Increasing uncooled IR activities in China with first products developed and manufactured in-house. • Strong market demand in China. • PVS and fire fighting markets still grow. • FLIR and ULIS still dominate the microbolometers markets. • What we got wrong: • We revamped our forecasts and market shares to take into account the 1 million units Lepton from FLIR shipped in 3 years. • The million units microbolometers will be shipped sooner than expected. • We anticipated 10µm pixel pitch introduction that will be delayed. ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

5. 5 2017 REPORT CHANGES New content compared to the 2016 version • Latest industry news and analysis of new market entrants and exits. • Up-to-date analysis of 11 market segments (thermography, surveillance, automotive, smartphone, personal vision systems…) with new “ruggedized smartphones” segment. • Updated scenario for IR integration into smartphones. • 2016 estimates of sensor manufacturers’ market share and evolution. • Updated market forecasts (in $ and units) for the 2016-2022 period. • Update of latest technological trends and ongoing developments. • Comparison between microbolometer and other uncooled IR imaging technologies (pyro, thermopiles, thermodiodes). • Market analysis and forecast for cores (board electronics, packaging, lenses, assembly and test). ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

6. 6 IR DETECTORS & IMAGERS TECHNOLOGIES VERSUS APPLICATIONS Technologies Pyroelectric Thermopiles Thermodiodes Micro bolometersBulk Bulk, thin film Thin film CMOS Pixels count 1 2x2 1x8 – 16x16 32x32 1x510 80x80 1 1x8 – 16x16 80x80 82x62 80x80 to 1024x768 (XVGA) Pitch 170µ 100µ 90-200µ  60µ trend 100µ 17µ  12µ Sensitivity ++ (crystal) / - (ceramic, tin film, CMOS) + + ++ Motion detection Gas/fire detection People counting (retail, HVAC) Spectroscopy Temperature measure Automotive Smart building (light, detection, HVAC …) Surveillance, security Thermography Maritime Firefighting PVS Smartphones Defence Cost (with lens) $1 $3 $10 (HVAC) / $15 (Smart Buildings) / $30 (people counting retail) to $50 $1500 $10 $1 $5 $30 $100 $100 to $100s Microbolometers are challenged by thermopiles Microbolometers are challenged by pyroelectric, thermopiles & thermodiodes Microbolometers are challenged by thermopiles Microbolometers are challenged by pyroelectric, thermopiles & thermodiodes ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

7. 7 UNCOOLED IR CAMERA FORECAST IN $M In 2017, the uncooled LWIR camera market will be more than $3B • Commercial applications are about 70% of the total market value. ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

8. 8 UNCOOLED IR MARKET FORECAST 2017-2022 • Beginning of the arrow: 2017 market value • End of the arrow: 2022 market value2017-22 CAGR $M 5% 10% 15% 20% 100 1,000 Military 0% 10 Other commercial Ruggedized smartphones Plug -in PVS Fire fighting Maritime Car Surveillance Thermography ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

11. 11 IR CAMERAS SUPPLY CHAIN Connectors & switches Raw optical material ROIC Finished lensBolometer ASICs Board ICs Packaging Discretes and others IR SENSOR IR OPTICS BOARD ELECTRONICS PACKAGING ASSEMBLY, HOUSING, TEST & CALIBRATION ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

13. 13 CMOS IMAGE SENSORVS. MICRO BOLOMETER IMAGE PROCESSING CHAIN (SIMPLIFIED) Lens(es)Subject Lens(es) Subject Imager: RGB filter separates light into colors and converts into electrical signal Bolometer: pixel temperature raise is converted into a resistance change. ROIC & ADC Analog-to- Digital conversion ROIC & ADC SENSOR RAWdata Accumulate the photocurrent from each pixel and then transfer the resultant signal onto output taps for readout ISP / IMAGE PROCESSING Brightness Whitebalance Sharpness Contrast TIFF data JPEG DISPLAY or PROCESSOR RAWdata ASIC / IMAGE PROCESSING DISPLAY or PROCESSOR Pixeldetectcorrection Pixeldetectcorrection Tempearturecorrection FixedPatternnoise Correction FixedPatternnoise Correction Compression MEMORY or MCU SENSOR Compression MEMORY WHERE SOFTWARE ARE IMPLEMENTED FOR DATA TREATMENT (recognition, counting …) IR CORE* VIS CAMERA MODULE* H264 * Module refers toVIS while Core refers to IR imaging. ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

14. 14 EXAMPLE OF IR CAMERA COST STRUCTURE:AUTOLIV NIGHTVISION • Based on a ISC0901 with17µ pitch, 336x256 with WLP. • This is the microbolometer used in Quark 2. Electronic board 32% IR sensor 33% Lenses 29% Housing 1% Assembly & test 5% Autoliv Night Vision Complex optical structure with 2 Ge lenses and 2 windows accounts for a significant fraction of the cost. ©2017 | www.yole.fr | Uncooled Infrared Imagers | Sample

16. Over the past ten years, the uncooled infrared (IR) imaging market has been driven primarily by defense applications, then by commercial ones. Currently, growth comes through thermography, surveillance, personal vision systems (PVS) and security markets. But the high cost of the technology has restrained the use of microbolometers to niche/medium volume applications. The cost/performance ratio has not yet opened the way to consumer applications. However, this is changing. Manufacturing costs are decreasing, with the introduction of new manufacturing processes such as wafer level optics, wafer level packaging, and silicon lenses. This, coupled with a growing public awareness for the benefits for infrared vision, is opening new doors. One example is the 2016 commercial success of FLIR’s CATS60, the first smartphone with infrared vision capability. 2016 was a good year for the microbolometer market. There were almost 900,000 uncooled IR camera shipments, worth $2.7B in revenues thanks to a dynamic commercial market and continued growth for military applications. Many commercial applications drove this growth, including thermography, surveillance, PVS and firefighting. In 2022, we estimate there will be 1.7M units shipped. Thermography is still the leading commercial market by far, in both value and volume. We estimate that there will be 500,000 thermography units shipped annually by 2022. As camera prices continue to fall, with several new products below $1000, sales are growing. Surveillance is another interesting market. Until recently, thermal cameras have primarily been used in high-end surveillance for critical and government infrastructure. New municipal and commercial applications with lower price points are now arising, including traffic, parking, power stations and photovoltaic planning. We estimate this market will grow at almost 17% over 2017-2022 to reach 300,000 units by 2022. Night vision in cars, including autonomous vehicles, could boost the microbolometer market. Current vision systems use a combination of visible light, LIDAR and radar and can provide information about a vehicle’s surroundings. However, these systems are limited by certain factors, including available light and the need to discern the type of object detected, whether it’s a human, animal or an inanimate obstacle. Thermal imaging systems could sense, detect and identify obstacles even at long distances in the kilometer range, and in poor visibility at night and in bad weather. China is already a large market for automotive night vision, absorbing 25% of the total number of systems produced. In coming years, China will continue to account for a high share of this market. Other commercial applications also paving the way to market growth include firefighting, PVS, maritime, drones and robots, smart buildings, smart homes and shops. The demand for PVS such as portable binoculars, monoculars and sights for rifles was significant in 2016. They are used in patrolling borders, law enforcement and increasingly for consumer outdoor use, including UNCOOLED INFRARED IMAGERS Market & Technology report - August 2017 UNCOOLED IR IMAGERS ARE ON THEIR WAY TO MULTIPLE USES A multitude of uses bring success to the uncooled IR imaging market WHAT’S NEW • Latest industry news and analysis of new market entries and exits • Up-to-date analysis of 11 market segments including thermography, surveillance, automotive, smartphone and personal vision systems • Updated scenario for IR integration into smartphones and autonomous cars • Estimates of sensor manufacturers’ 2016 market shares and the future evolution of those figures • Updated forecasts of market value and volumes for the 2016-2022 period • Update of latest technological trends and ongoing developments • Comparison between microbolometers and other uncooled IR imaging technologies such as pyroelectric sensors, thermopiles and thermodiodes • Market analysis and forecast for imager cores including board electronics, packaging, lenses, assembly and test 2016-2022 uncooled infrared camera shipment forecast 0 0.5 1 1.5 2 2016 2017 2018 2019 2020 2021 2022 Commercial applications Military applications ShippedunitsinMillion (Yole Développement,August 2017)

17. UNCOOLED INFRARED IMAGERS EVERY SEGMENT OF THE UNCOOLED INFRARED SUPPLY CHAIN IS GAINING MOMENTUM Whilemanysuppliersarebenefitingfromtheuncooled infrared imaging market, so too are foundries. Today, most key U.S. microbolometer manufacturers have moved production to large integrated circuit (IC) foundries whose 8” production lines reduce manufacturing costs and increase flexibility. By partnering with foundries, microbolometer players can benefit from semiconductor know-how and equipment. This is a significant step on the path to becoming a mainstream semiconductor device as happened for CMOS image sensors and MEMS microphones. Lenses are critical elements of an uncooled infrared camera. Optics therefore account for a significant portion of infrared core costs in high-end applications such as military or surveillance. Whereas one or two lenses are generally used by cameras in low-end markets, high-end cameras need up to five lenses, thus increasing the price significantly. And in the future, optics suppliers will play a greater role in the supply chain. Germanium has historically been the IR- transparent material used in thermal camera lenses. But over recent years it has been progressively replaced by chalcogenide molded glass in some low optical performance, short-range and price- sensitive applications like thermography, firefighting, automotive, surveillance, and smartphones. Cheaper infrared lenses are now possible using micro- machined silicon lenses like FLIR is using in its FLIR One. Optics and electronics are the largest parts of a camera core and a future trend could be size reduction. Traditionally electronics are mounted on bulky printed circuit boards (PCBs). But using The uncooled infrared imaging market is still controlled by a few players. Two of them hold more than 75% market share by volume: FLIR and ULIS. Both of them grew impressively in 2016. ULIS achieved 30% revenue growth compared to 2015. Since its inception, the company has an average 20% growth per year. However, FLIR is still the unchallenged market leader. It has shipped a million Lepton core devices in three years, integrated in over 20 different products. Lepton is a key device that has contributed to FLIR’s success. But over recent years, FLIR has developed a smart strategy to diffuse uncooled infrared imaging technology into a wide range of different products for different applications to ‘democratize’ it. Besides FLIR and ULIS, many others players are also benefiting from IR imaging market growth: • SEEK Thermal has introduced its new, higher- performance RevealPRO, and CompactPRO products as the company moves from consumer products to more high-end products. • Players such as BAE Systems or Leonardo DRS are benefiting from the defense market growth cycle that could still last for a few more years. • Newcomers are introducing their products, for example, Teledyne Dalsa released its first VOx microbolometers in 2017. • Many companies in China are developing their own microbolometers. They do not produce large volumes today but the domestic market has great potential. • On the other hand companies like Bosch, long involved in the MEMS and infrared businesses, have changed their strategies. Where the market demands small arrays below 32x32 pixels, for smart home or buildings applications, microbolometers are not cost competitive. So thermopile and pyroelectric sensor suppliers are growing in this market segment. The companies benefiting include Excelitas, Heinmann Sensors, Omron, Melexis, Panasonic, for people counting and detection, and Fluke-Irisys, for low resolution thermography. TWO LEADERS WITH DIFFERENT STRATEGIES, FACING MANY CHALLENGERS mountain sports and hunting. The USA is the largest market by far because of its large hunting and law enforcement markets. Commercial Unmanned Aerial Vehicles represent an emerging thermal imaging business thanks to Size, Weight, and Power (SWaP) and cost reduction product trends. This interesting sector overlays the existing commercial IR market. It covers thermography for building inspection, agriculture, gas imaging, surveillance, and pipeline inspection. Beyond these markets, a multitude of new applications could be developed around uncooled IR imaging technology including smart building energy control, swimming pool surveillance, and car driver monitoring. If we consider an optimistic scenario where an infrared camera is integrated into a smartphone, market volumes could reach almost 12 million units in 2022. (Yole Développement,August 2017) 2016 microbolometer manufacturer market share FLIR 64,2%Ulis 16,7% DRS 4,5% L3 Technologies 1,2% SEEK 3,4% BAE 2,7% Raytheon 2,2% Dali 1,5% SCD 1,1% NEC 0,5% GWIC 0,3% I3 system 0,2% Magnity 0,1% Guide IR 0,1% Others (Heimann, Excelitas, Fluke-Irisys) 14% 2015 (inner circle) ~720kunits 2016 (external circle) ~860kunits (Yole Développement,August 2017) 2016 microbolometer manufacturer market share FLIR 64,2%Ulis 16,7% DRS 4,5% L3 Technologies 1,2% SEEK 3,4% BAE 2,7% Raytheon 2,2% Dali 1,5% SCD 1,1% NEC 0,5% GWIC 0,3% I3 system 0,2% Magnity 0,1% Guide IR 0,1% Others (Heimann, Excelitas, Fluke-Irisys) 14% 2015 (inner circle) ~720kunits 2016 (external circle) ~860kunits

18. Find more details about this report here: MARKET TECHNOLOGY REPORT Glossary, definitions, scope and report objectives 4 Executive summary 9 Introduction 34 Uncooled thermal imaging camera market analysis 44 Focus on applications 54 Thermography Surveillance Automotive Firefighting, PVS, marine, drones Defense Autonomous cars, smartphone and new application scenarios Players 78 Market shares Geographical manufacturing breakdown MA Supply chains China focus Uncooled thermal imaging technological trends 102 Cost breakdown: Sensor to camera Module supply chain Materials Manufacturing Pixel pitch Packaging IR optics Electronics and software Examples of cost structure breakdown Conclusions 143 Yole presentation 147 TABLE OF CONTENTS (complete content on i-Micronews.com) COMPANIES CITED IN THE REPORT (non exhaustive list) Armasight, Autoliv, Avio, BAE Systems, Bosch, Cypress, DALI, Dewalt, DRS, Excelitas, Fisba, FLIR, Fluke, Guide Infrared, GWIC, Heimann Sensors, i3s, Jenoptik, Keysight, Kyocera Optec, L3, LightPath, Magnity, NXP, Omron, ON Semiconductor, Opgal, Ophir, Panasonic, Pelco, Plessey, Qioptiq, Raytheon, rpo, Samsung, Satir, SCD, Schott, Tamron, Teledyne Dalsa, TowerJazz, TSMC, ULIRvision, ULIS, Umicore, Vitron, X FAB and many more. • Status of the MEMS Industry 2017 • Autoliv’s 3rd Generation Automotive Night Vision Camera with FLIR’s ISC0901 Microbolometer • FLIR One 2nd Generation FLIR LEPTON 3 IR Camera Core Find all our reports on www.i-micronews.com RELATED REPORTS Benefit from our Bundle Annual Subscription offers and access our analyses at the best available price and with great advantages AUTHOR Dr. Eric Mounier has a PhD in microelectronics from the INPG in Grenoble. He previously worked at CEA LETI RD lab in Grenoble, France in marketing dept. Since 1998 he is a cofounder of Yole Développement, a market research company based in France. At Yole Développement, Dr. Eric Mounier is in charge of market analysis for MEMS Sensors, visible and IR imagers (CIS, microbolometers), semiconductors, printed electronics and photonics (e.g. Silicon photonics). He has contributed to more than 200 marketing technological analysis and 100 reports. Eric is also an expert at the OMNT (“Observatoire des Micro Nanotechnologies”) for Optics. KEY FEATURES OF THE REPORT Get the sample of the report on www.i-Micronews.com • Market data on key uncooled infrared imaging market metrics and dynamics: Uncooled infrared imaging system sales in units and revenue for more than ten market segments Uncooled infrared imager sales volumes and value by market segment Market share at uncooled infrared imager level • In-depth analysis of traditional uncooled IR imaging applications including thermography, automotive, surveillance, firefighting, PVS, marine and military • Scenario for wide diffusion of uncooled IR imagers in smartphones and autonomous cars • Key technical insights into future technology trends and challenges • An in-depth understanding of IR imaging value chain, infrastructure and players: Who are the industrial IR sensor players, including integrated device manufacturers and foundries, and what are their market and technological positions? More generally, who are the key players to watch, and how will the IR imaging market evolve? • In-depth analysis of IR core and camera cost structures and forecasts including lenses, packaging and readout integrated circuits an application specific integrated circuit (ASIC) stacked below the PCB, as FLIR does in its Lepton core, reduces the size significantly. It opens the way to further 3D integration, as through-silicon vias (TSVs) could be used to connect the ASIC and microbolometer. TSVs are already used to connect readout ICs (ROICs) and sensors. Using a smartphone’s processing power could also reduce the amount of electronics in the camera core. By 2022, we estimate the ecosystem for uncooled IR cameras will be worth $1.6B, excluding sales margins. (Yole Développement,August 2017) Ecosystem of uncooled IR cameras 2016 2022 US$945M* US$1,575M* CAGR +8.9% Bolometer ROIC IR lenses Board electronics Assembly, test calibration Packaging $16M $26M 9.1% CAGR $238M $407M 9.3% CAGR $286M 9.1% CAGR $162M $49M $96M 12% CAGR $102M 6% CAGR $72M $660M 8% CAGR $420M * Excluding seller margins

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28. 24©2017 | www.yole.fr | About Yole Développement o Yole Développement publishes a comprehensive collection of market technology reports and patent analysis in: • MEMS Sensors • RF devices technologies • Imaging • Medical technologies (MedTech) • Photonics • Advanced packaging • Manufacturing • Advanced substrates • Power electronics • Batteries and energy management • Compound semiconductors • Solid state lighting • Displays o You are looking for: • An analysis of your product market • A review of your competitors evolution • An understanding of your manufacturing and production costs • An understanding of your industry technology roadmap and related IPs • A clear view on the evolution of the supply chain The combined team of 60+ experts (PhDs, MBAs, industry veterans…) from Yole Développement, System Plus Consulting and KnowMade, collect information, identify the trends, the challenges, the emerging markets, the competitive environments and turn it into results to give you a complete picture of your industry landscape. In the past 19 years, we worked on more than 2 000 projects, interacting with technology professional and high level opinion makers from the main players of the industry. o Every year, Yole Développement, System Plus Consulting and Knowmade publish +120 reports. Gain full benefit from our Bundle and Annual Subscription offers. REPORTS COLLECTION www.i-Micronews.com

29. 25©2017 | www.yole.fr | About Yole Développement OUR 2017 REPORTS PLANNING (1/2) MARKET ANDTECHNOLOGY REPORTS byYole Développement o MEMS SENSORS − Acoustic MEMS and Audio Solutions 2017 − 3D Imaging Sensing 2017 − Microspectrometers Markets and Applications 2017 − Status of the MEMS Industry 2017* − MEMS Sensors for Automotive 2017 − High End Inertial Sensors for Defense and Industrial Applications 2017* − Magnetic Sensors Market and Technologies 2017 − Sensors and Sensing Modules for Smart Homes and Buildings 2017 − Sensing and Display for AR/VR/MR 2017 − MEMS Packaging 2017 − Fingerprint Sensor Applications and Technologies - Consumer Market Focus 2017 o RF DEVICES AND TECHNOLOGIES − RF Front End Modules and Components for Cellphones 2017 − Advanced RF SiP for Cellphones 2017 − 5G and Beyond (Vol 1): Impact on RF Industry, from Infrastructure to Terminals 2017 − 5G and Beyond (Vol 2): RF Materials Platform, from Infrastructure to Terminals 2017 − RF Technologies for Automotive Applications 2017 − GaN and Si LDMOS Market and Technology Trends for RF Power 2017 o MANUFACTURING − Glass Substrate Manufacturing 2017 − Equipment Materials for Fan Out Technology 2017 − Equipment and Materials for 3D TSV Applications 2017 − Emerging Non Volatile Memories 2017* o MEDTECH − Status of the Microfluidics Industry 2017 − Solid State Medical Imaging 2017 − Connected Medical Devices: the Internet of Medical Things 2017 − Sensors for Medical Robotics 2017 − Artificial Organs: Market Technology Analysis 2017 − Organs-on-a Chip 2017 o ADVANCED PACKAGING − Advanced Substrates Overview 2017 − Status of the Advanced Packaging Industry 2017 − Fan Out Packaging: Market Technology Trends 2017* − 3D Business Update: Market Technology Trends 2017* − Advanced QFN: Market Technology Trends 2017** − Inspection and Metrology for Advanced Packaging Platform 2017** − MEMS Packaging 2017 − Advanced Packaging for Memories 2017 − Advanced RF SiP for Cellphones 2017 − Power Packaging Market and Technology Trends 2017 − Embedded Die Packaging: Technologies and Markets Trends 2017 o IMAGING OPTOELECTRONICS − 3D Imaging Sensing 2017 − Status of the CMOS Image Sensor Industry 2017* − Camera Module for Consumer and Automotive Applications 2017* − Uncooled Infrared Imaging Technology Market Trends 2017* − Solid State Medical Imaging 2017 o BATTERY AND ENERGY MANAGEMENT − Status of Battery Industry for Stationary, Automotive and Consumer Applications *2016 version still available / **To be confirmed

30. 26©2017 | www.yole.fr | About Yole Développement OUR 2017 REPORTS PLANNING (2/2) o POWER ELECTRONICS − Status of Power Electronics Industry 2017* − Silicon Power Mosfet: Market and Technology Trends 2017 − IGBT Market and Technology Trends 2017 − Power Packaging Market and Technology Trends 2017 − Power SiC 2017: Materials, Devices, and Applications* − Power GaN 2017: Materials, Devices, and Applications* − Materials Market Opportunities for Cellphone Thermal Management (Battery Cooling, Fast Charging, Data Processing, Battery Cooling, etc.) 2017 − Gate Driver Market and Technology Trends 2017 − Power Management ICs Market Quarterly Update 2017 − Power Electronics for Electrical Aircraft, Rail and Buses 2017** − Thermal Management for LED and Power 2017 o COMPOUND SEMICONDUCTORS − Power SiC 2017: Materials, Devices, and Applications* − Power GaN 2017: Materials, Devices, and Applications* − GaN and Si LDMOS Market and Technology Trends for RF Power 2017 − 5G and Beyond (Vol 2): RF Materials Platform, from Infrastructure to Terminals 2017 − Bulk GaN Substrate Market 2017 o DISPLAYS − MicroLED Displays 2017 − Display for Augmented Reality, Virtual Reality and Mixed Reality 2017 − Quantum Dots for Display Applications 2017 − Phosphors Quantum Dots 2017 - LED Downconverters for Lighting Displays − Organic Thin Film Transistor 2016: Flexible Displays and Other Applications − Automotive Lighting 2017 - Technology, Industry and Market Trends o SOLID STATE LIGHTING − UV LEDs 2017 - Technology, Manufacturing and Application Trends* − Horticultural Lighting 2017 - Technology, Industry and Market Trends − Automotive Lighting 2017 - Technology, Industry and Market Trends* − Active Imaging and Lidar 2017 (Vol 2) - IR Lighting** − LED Lighting Module 2017 - Technology, Industry and Market Trends − IR LEDs and Lasers - Technology Applications and Industry Trends 2017 − Phosphors Quantum Dots 2017 - LED Downconverters for Lighting Displays − MicroLED Displays 2017 − CSP LED Lighting Module 2017 − LED Packaging 2017 − Thermal Management for LED and Power 2017 PATENT ANALYSIS by Knowmade − Consumer Physics SCiO Molecular Sensor Patent-to-Product Mapping 2017 − Patent Licensing Companies in the Semiconductor Market - Patent Litigation − Risk and Potential Targets 2017 − MEMS Microphone: Patent Landscape Analysis 2017 − MEMS Microphone: Knowles’ Patent Portfolio Analysis 2017 − Microbolometer: Patents Used in Products 2017 − Microfluidic Technologies for Diagnostic Applications Patent Landscape 2017 − Micropumps: Patent Landscape Analysis 2017 − GaN Technology: Top-100 IP Profiles 2017 − MicroLEDs: Patent Landscape Analysis 2017 − Consumer Physics SCiO Molecular Sensor Patent-to-Product Mapping 2017 − Uncooled Infrared Imaging: Patent Landscape Analysis 2017 − 3D Monolithic Memory: Patent Landscape Analysis 2017 TEARDOWN REVERSE COSTING by System Plus Consulting More than 60 teardowns and reverse costing analysis and cost simulation tools to be published in 2017.*2016 version still available / **To be confirmed

31. 27©2017 | www.yole.fr | About Yole Développement OUR 2016 PUBLISHED REPORTS LIST (1/2) MARKET AND TECHNOLOGY REPORTS by Yole Développement o MEMS SENSORS − Gas Sensors Technology and Market 2016 − Status of the MEMs Industry 2016 − Sensors for Cellphones and Tablets 2016 − Market and Technology Trends of Inkjet Printheads 2016 − Sensors for Biometry and Recognition 2016 − Silicon Photonics 2016 o IMAGING OPTOELECTRONICS − Status of the CMOS Image Sensor Industry 2016 − Uncooled Infrared Imaging Technology Market Trends 2016 − Imaging Technologies for Automotive 2016 − Sensors for Drones Robots: Market Opportunities and Technology Evolution 2016 o MEDTECH − BioMEMS 2016 − Point of Care Testing 2016: Application of Microfluidic Technologies o ADVANCED PACKAGING − Embedded Die Packaging: Technology and Market Trends 2017 − 2.5D 3D IC TSV Interconnect for Advanced Packaging: Business Update 2016 − Fan-Out: Technologies and Market Trends 2016 − Fan-In Packaging: Business update 2016 − Status and Prospects for the Advanced Packaging Industry in China 2016 o MANUFACTURING − Thin Wafer Processing and Dicing Equipment Market 2016 − Emerging Non Volatile Memories 2016 o COMPOUND SEMICONDUCTORS − Power GaN 2016: Epitaxy and Devices, Applications and Technology Trends − GaN RF Devices Market: Applications, Players, Technology and substrates 2016 − Sapphire Applications Market 2016: from LED to Consumer Electronics − Power SiC 2016: Materials, Devices, Modules, and Applications o LED − UV LED Technology, Manufacturing and Applications Trends 2016 − OLED for Lighting 2016 – Technology, Industry and Market Trends − Automotive Lighting: Technology, Industry and Market Trends 2016 − Thermal Management Technology and Market Perspectives in Power Electronics and LEDs 2017 − Organic Thin Film Transistor 2016: Flexible Displays and Other Applications − Sapphire Applications Market 2016: from LED to Consumer Electronics − LED Packaging 2017: Market, Technology and Industry Landscape o POWER ELECTRONICS − Power Electronics for EV/HEV 2016: Market, Innovations and Trends − Status of Power Electronics Industry 2016 − Passive Components Technologies and Market Trends for Power Electronics 2016 − Power SiC 2016: Materials, Devices, Modules, and Applications − Power GaN 2016: Epitaxy and Devices, Applications, and Technology Trends − Inverter Technologies Trends Market Expectations 2016 − Opportunities for Power Electronics in Renewable Electricity Generation 2016 − Thermal Management Technology and Market Perspectives in Power Electronics and LEDs 2017 − GaN RF Devices Market: Applications, Players, Technology and substrates 2016 o BATTERY AND ENERGY MANAGEMENT − Beyond Li-ion Batteries: Present and Future Li-ion Technology Challengers 2016 − Stationary Storage and Automotive Li-ion Battery Packs 2016 − Opportunities for Power Electronics in Renewable Electricity Generation 2016

32. 28©2017 | www.yole.fr | About Yole Développement OUR 2016 PUBLISHED REPORTS LIST (2/2) PATENT ANALYSIS by Knowmade − Microbattery Patent Landscape Analysis − Miniaturized Gas Sensors Patent Landscape Analysis − 3D Cell Culture Technologies Patent Landscape − Phosphors and QDs for LED Applications Patent Landscape − TSV Stacked Memory Patent Landscape − Fan-Out Wafer Level Packaging Patent Landscape Analysis TEARDOWN REVERSE COSTING by System Plus Consulting More than 45 teardowns and reverse costing analysis and cost simulation tools published in 2016. MORE INFORMATION o All the published reports from the Yole Group of Companies are available on our website www.i-Micronews.com. o Ask for our Bundle and Annual Subscription offers: With our bundle offer, you choose the number of reports you are interested in and select the related offer. You then have up to 12 months to select the required reports from the Yole Développement, System Plus Consulting and KnowMade offering. Pay once and receive the reports automatically (multi-user format). Contact your sales team according to your location (see the last slide).

33. 29©2017 | www.yole.fr | About Yole Développement MICRONEWS MEDIA o About Micronews Media To meet the growing demand for market, technological and business information, Micronews Media integrates several tools able to reach each individual contact within its network.We will ensure you benefit from this. ONLINE ONSITE INPERSON @Micronews e-newsletter i-Micronews.com i-Micronewsjp.com FreeFullPDF.com Events Webcasts Unique, cost-effective ways to reach global audiences. Online display advertising campaigns are great strategies for improving your product/brand visibility.They are also an efficient way to adapt with the demands of the times and to evolve an effective marketing plan and strategy. Brand visibility, networking opportunities Today's technology makes it easy for us to communicate regularly, quickly, and inexpensively – but when understanding each other is critical, there is no substitute for meeting in-person. Events are the best way to exchange ideas with your customers, partners, prospects while increasing your brand/product visibility. Targeted audience involvement equals clear, concise perception of your company’s message. Webcasts are a smart, innovative way of communicating to a wider targeted audience.Webcasts create very useful, dynamic reference material for attendees and also for absentees, thanks to the recording technology. Benefit from the i-Micronews.com traffic generated by the 8,500+ monthly visitors, the 11,500+ weekly readers of @Micronews e-newsletter Seven main events planned for 2017 on different topics to attract 140 attendees on average Gain new leads for your business from an average of 300 registrants per webcast Contacts: CamilleVeyrier (veyrier@yole.fr) and Clotilde Fabre (fabre@yole.fr), Marketing Communication Project Managers.

34. 30©2017 | www.yole.fr | About Yole Développement CONTACT INFORMATION o CONSULTING AND SPECIFIC ANALYSIS • North America: Steve LaFerriere, Director of Northern America Business Development Email: laferriere@yole.fr – +1 31 06 008 267 • Japan Rest of Asia: Takashi Onozawa, General Manager, Asia Business Development Email: onozawa@yole.fr - +81 3 4405 9204 • Greater China: Mavis Wang, Director of Greater China Business Development Email: wang@yole.fr - +886 979 336 809 • RoW: Jean-Christophe Eloy, CEO President, Yole Développement Email eloy@yole.fr - +33 4 72 83 01 80 o REPORT BUSINESS • North America: Steve LaFerriere, Director of Northern America Business Development Email: laferriere@yole.fr – +1 31 06 008 267 • Europe: Lizzie Levenez, EMEA Business Development Manager Email: levenez@yole.fr - +49 15 123 544 182 • Rest of Asia: Takashi Onozawa, General Manager, Asia Business Development Email: onozawa@yole.fr - +81 3 4405 9204 • Japan Asia: Miho Othake, Account Manager Email: ohtake@yole.fr - +81 3 4405 9204 • Greater China: Mavis Wang, Director of Greater China Business Development Email: wang@yole.fr - +886 979 336 809 o FINANCIAL SERVICES • Jean-Christophe Eloy, CEO President Email: eloy@yole.fr - +33 4 72 83 01 80 o GENERAL • Public Relations: leroy@yole.fr - +33 4 72 83 01 89 • Email: info@yole.fr - +33 4 72 83 01 80 Follow us on