The 16th HKTDC Spring Hong Kong Electronics Fair and the co-located ICT Expo, organized by the Hong Kong Trade Development Council (HKTDC), concluded this week, having drawn in aggregate more than 100,000 global buyers - a 3.6 percent uptick in attendance year over year.
The Spring Electronics Fair, in and of itself, registered over 67,000 buyers, according to HKTDC.
“This year’s ICT Expo and Spring Electronics Fair put the spotlight on smart city solutions and cutting-edge electronic products. Sourcing and business discussions were brisk throughout both events,” said Benjamin Chau, HKTDC deputy executive director.
Nearly 96 percent of attendees surveyed on-site were upbeat about business, saying they expect overall sales to rise (50 percent) or remain steady (46 percent) in 2019. In terms of growth prospects in major sales markets, respondents view Korea as being the most promising among traditional markets over the next two years, followed by Western Europe. The North American marked tracked in third place, with 77 percent of respondents saying they expected sales to rise in that area. In product trends, the survey showed that electronic/electrical accessories (27 percent), digital imaging (13 percent) and A/V products (12 percent) have the highest growth potential in major sales or export markets in 2019.
Asked about current global issues, 59 percent said they expect that the ongoing trade friction between the U.S. and Mainland China to have no impact on the sector’s export performance.
At the Electronics Fair, among categories that drew significant interest were emerging technologies such as the new AI & Voice Recognition Zone. The fair also hosted multiple seminars and networking events to help participants get a better understanding of the latest technological trends and opportunities, including the anchor conference, “Tech Trends Symposium 2019 – Roadmap to the Future.”
Alex Yang, Co-founder & COO of smart appliances and Artificial Intelligence (AI) solutions vendor Tuya Global Inc., gave the Fair an enthusiastic review. “We have met with new buyers from many countries and regions covering Australia, the Americas, the Middle East and Asia. Many of them have expressed their intention in cooperating with us,” he said, voicing confidence about the show’s ability to aid in acceleration of the commercialization of AI and consumer-related IoT (Internet of Things) applications.
The Autumn 2019 edition of the Electronics Fair is slated for Oct. 13-16.