|
Monday, 16 October 2017, 20:00 HKT/SGT | |
| | | | Source: HKTDC | |
|
|
|
Survey Reveals Industry Most Optimistic about ASEAN and the Chinese Mainland, Expects Audio Visual Products to Benefit from Smart Homes |
HONG KONG, Oct 16, 2017 - (ACN Newswire) - The 37th Hong Kong Electronics Fair (Autumn Edition) and 21st electronicAsia concluded today. Closed on 15 October due to the tropical cyclone, attracted a total of 86,000 buyers from 139 countries and regions in three days. Over 60,000 buyers visited the Autumn Electronics Fair while around 26,000 visitors attended electronicAsia. Known as the 'world's largest electronics marketplace', The Autumn Electronics Fair was organised by the HKTDC, while electronicAsia was jointly organised by the HKTDC and MMI Asia Pte Ltd.
 | The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia this year was cut short to three days due to weather conditions. The fairs attracted around 86,000 buyers from 139 countries and regions. |
 | The Hall of Fame at the Autumn Electronics Fair gathers the latest electronics products from more than 550 top international brands. |
 | electronicAsia is an important platform for electronics suppliers, providing a wide range of electronic parts and components and related services. |
HKTDC Deputy Executive Director Benjamin Chau said: "The fair period was cut short to three days due to weather conditions, and some buyers' travel plans might have been affected. In spite of this, we have taken various measures to attract more buyers to visit the fairs on the last day, and facilitate the business connections between exhibitors and buyers. Through the on-site survey, we found that the electronics industry is positive towards the sector's outlook. Buyers are grasping the last chance to source products on the final day."
During the fair period, the HKTDC commissioned an independent survey, interviewing a total of 1,025 exhibitors and buyers about the outlook for the electronics market and new product trends. More than half (54%) of the respondents expect the overall sales of their companies will increase next year, up 6 percentage points from the survey in 2016. For major markets, respondents are most optimistic about ASEAN (92%), followed by the Chinese Mainland (91%), Latin America (85%) and Taiwan (85%).
With the Internet of Things (IoT) becoming more popular, the survey reveals that 84 per cent of respondents think audio visual items will be the product category most benefitted from the smart home trend, followed by wireless charging devices (81%) and systems items for connection with the Internet/mobile network (77%). The industry also believes that consumers are willing to pay a premium of 18% for products with smart home capabilities compared to traditional products. 81 per cent of respondents are optimistic about the virtual reality and augmented reality devices market in the next two years. For related products, they are most optimistic about audio visual items for entertainment purpose (56%), followed by mobile/on-line games (55%).
Start-ups receiving orders
The Startup zone at the Autumn Electronics Fair this year attracted close to 100 start-ups from seven countries and regions, doubling last year's number. The Zone provides a one-stop promotional platform for start-ups to meet with potential suppliers, buyers and investors. The start-up supporting institution Gadget Excelerator Lab (Gelab) led 12 start-ups to the Autumn Electronics Fair this year. Francois Lee, CEO of Gelab, said that the HKTDC had proactively promoted the Startup zone through different media platforms. "We are happy to see that many buyers from Southeast Asia and the Middle East have made enquiries, and some of them consider placing small orders to test local markets."
Strong demand for smart products in emerging markets
The fair featured a wide range of state-of-the-art electronics products to suit buyers' needs. Besides the Startup zone, the Tech Hall also featured the Virtual Reality (VR), Robotics & Unmanned Tech, Smart Tech and 3D Printing zones to showcase popular high-tech products. Jafar Sherif, a buyer from the United Arab Emirates, said as a lot of residential and commercial projects are under construction due to the Expo 2020 in Dubai, IoT and smart products will enjoy strong demand. This is his first visit to the Autumn Electronics Fair. He had found 30-40 potential suppliers of IoT solutions, AV systems and smart devices from Hong Kong and the Chinese mainland.
For more comments from exhibitors and buyers, please visit http://bit.ly/2gJnRDe
Fair Websites: Autumn Electronics Fair: www.hktdc.com/hkelectronicsfairae/ electronicAsia: http://electronicasia.com Fair video: https://youtu.be/E9-Zv_DHUOY Photo Download Link: http://bit.ly/2ysZ8Ns
Contact:
HKTDC
Communication and Public Affairs Department
Billy Ng
Tel: +852-2584-4393
Email: billy.km.ng@hktdc.org
Topic: Press release summary
Source: HKTDC
Sectors: Trade Shows, Electronics, Daily News, ASEAN
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
HKTDC |
June 24, 2025 19:03 HKT/SGT |
35th HKTDC Hong Kong Book Fair opens on 16 July |
June 18, 2025 16:58 HKT/SGT |
HKTDC Maintains 3% Export Growth Forecast |
June 16, 2025 13:34 HKT/SGT |
Viva Technology 2025: Hong Kong Tech Pavilion Empowers Startups to Expand into European Market |
June 12, 2025 12:29 HKT/SGT |
10 winners selected at 8th edition of Start-up Express |
June 11, 2025 13:34 HKT/SGT |
HKTDC Design Gallery x STICKYLINE present: "Love HK" Exhibition |
June 9, 2025 19:30 HKT/SGT |
New HKTDC Chairman Frederick Ma keen to promote Hong Kong as best partner for global enterprises |
June 3, 2025 11:57 HKT/SGT |
20 Start-ups Showcase at Hong Kong Tech Pavilion in VivaTech 2025 |
June 2, 2025 16:35 HKT/SGT |
New HKTDC Chairman Professor Frederick Ma Si-Hang meets with management team |
May 28, 2025 19:57 HKT/SGT |
Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair Wrap Up Successfully |
May 26, 2025 18:27 HKT/SGT |
International Healthcare Week kicks off today |
More news >> |
 |
|
 |
|