Press Release
The World’s Biggest Electronics Event hosts Hong Kong Electronic Industry Summit
Tablets, internet TV and smartphones revealed as upcoming treasure troves
14 October 2011 - The HKTDC Hong Kong Electronics Fair Autumn Edition 2011 is now being held at the Hong Kong Convention and Exhibition Centre. Throughout the event, a series of seminars have been organised and experts in the field have been invited to share their insight. Yesterday (13 October) the Hong Kong Electronic Industry Summit was held under the topic of “Adapting to Global Electronics Trends and Confronting Challenges” to help players in the industry probe the latest market development. In the Summit, tablet computers, internet TVs and smartphones are revealed as the upcoming rage, so the related accessories and spin-offs of these products should be heeded by Hong Kong companies.
According to Prof Shawn Dubravac, Chief Economist of the Consumer Electronics Association (“CEA”) of USA, the latest CEA report indicates that two thirds of the incomes in the American electronics industry last year came from three connected devices. Among these, tablets had a 38% share, while family entertainment equipment (such as Blu-ray players and internet TVs) and smartphones had a 31% share each. With the sales of these gadgets growing unrelentingly, the potential for development is impressive.
Tablet computers damming the sales of small TVs
The survey also points out that the electronic products most American plan to buy in the next one to two years will be tablets (20%), smartphones (17%) and internet TVs (14%), while only 6% of the consumers choose to spend on a home theatre. “From these, one can see that America’s mode of consumption is changing,” commented Prof Dubravac. In fact, as the sales of products such as tablets and smartphones rose continuously, the sales of smaller TV sets were affected. “Last year in the US market, sales of TVs of 19-29 inches were down 18.7% year-on-year, those of 30-39 inches ones dropped 7.6% and those of 40-45 inches ones dropped 3.66%, reflecting that tablets are gradually replacing small TVs.”
Presently American families own three or more TVs on average. Prof Dubravac explained, “In contrast to TV sets, American families now own on average only 1.1 tablets, 1.6 internet TVs and 1.7 smartphones. In the near future, it is expected that American families will own on average two or more connected devices. The situation is believed to be similar in other markets and so the potential is huge.”
In addition, Prof Dubravac pointed out that consumer demand will be keener and keener for mutually compatible devices such as HP’s tablet/printer combo and TVs and washing machines using Android as an operating platform, allowing users remote control of the on-off switch and energy balance. “Manufacturers therefore can consider designing and producing more devices and innovative products which are mutually compatible as a way of exploring new business opportunities,” he said.
The Hong Kong Electronics Fair Autumn Edition is the world’s biggest electronics event. Held concurrently is electronicAsia 2011, a trade fair for components and production technologies. In these two events this year, there are altogether more than 3,730 exhibitors and 5,300 exhibition booths, breaking all previous records. Featured in the fair are electronic products driven by environmental considerations, products for the senior and healthcare market, mobile devices and accessories as well as innovated products. The fair will last through 16 October (Sunday).
Fair Websites
Hong Kong Electronics Fair Autumn Edition - http://www.hkelectronicsfairae.com
electronicAsia - http://www.electronicasia.com
Fair Video
http://www.hktdc.com/info/webcast/v/en/en/1X04B66C
Media Enquiries
Photo Download: http://202.64.102.92/hktdc/download.php?fid=_php2a8Mic
Tablets, internet TV and smartphones revealed as upcoming treasure troves
14 October 2011 - The HKTDC Hong Kong Electronics Fair Autumn Edition 2011 is now being held at the Hong Kong Convention and Exhibition Centre. Throughout the event, a series of seminars have been organised and experts in the field have been invited to share their insight. Yesterday (13 October) the Hong Kong Electronic Industry Summit was held under the topic of “Adapting to Global Electronics Trends and Confronting Challenges” to help players in the industry probe the latest market development. In the Summit, tablet computers, internet TVs and smartphones are revealed as the upcoming rage, so the related accessories and spin-offs of these products should be heeded by Hong Kong companies.
According to Prof Shawn Dubravac, Chief Economist of the Consumer Electronics Association (“CEA”) of USA, the latest CEA report indicates that two thirds of the incomes in the American electronics industry last year came from three connected devices. Among these, tablets had a 38% share, while family entertainment equipment (such as Blu-ray players and internet TVs) and smartphones had a 31% share each. With the sales of these gadgets growing unrelentingly, the potential for development is impressive.
Tablet computers damming the sales of small TVs
The survey also points out that the electronic products most American plan to buy in the next one to two years will be tablets (20%), smartphones (17%) and internet TVs (14%), while only 6% of the consumers choose to spend on a home theatre. “From these, one can see that America’s mode of consumption is changing,” commented Prof Dubravac. In fact, as the sales of products such as tablets and smartphones rose continuously, the sales of smaller TV sets were affected. “Last year in the US market, sales of TVs of 19-29 inches were down 18.7% year-on-year, those of 30-39 inches ones dropped 7.6% and those of 40-45 inches ones dropped 3.66%, reflecting that tablets are gradually replacing small TVs.”
Presently American families own three or more TVs on average. Prof Dubravac explained, “In contrast to TV sets, American families now own on average only 1.1 tablets, 1.6 internet TVs and 1.7 smartphones. In the near future, it is expected that American families will own on average two or more connected devices. The situation is believed to be similar in other markets and so the potential is huge.”
In addition, Prof Dubravac pointed out that consumer demand will be keener and keener for mutually compatible devices such as HP’s tablet/printer combo and TVs and washing machines using Android as an operating platform, allowing users remote control of the on-off switch and energy balance. “Manufacturers therefore can consider designing and producing more devices and innovative products which are mutually compatible as a way of exploring new business opportunities,” he said.
The Hong Kong Electronics Fair Autumn Edition is the world’s biggest electronics event. Held concurrently is electronicAsia 2011, a trade fair for components and production technologies. In these two events this year, there are altogether more than 3,730 exhibitors and 5,300 exhibition booths, breaking all previous records. Featured in the fair are electronic products driven by environmental considerations, products for the senior and healthcare market, mobile devices and accessories as well as innovated products. The fair will last through 16 October (Sunday).
Fair Websites
Hong Kong Electronics Fair Autumn Edition - http://www.hkelectronicsfairae.com
electronicAsia - http://www.electronicasia.com
Fair Video
http://www.hktdc.com/info/webcast/v/en/en/1X04B66C
Media Enquiries
| Karina Ng | Tel: (852) 2584 4514 | Email: karina.yc.ng@hktdc.org |
| Beatrice Lam | Tel: (852) 2584 4049 | Email: Beatrice.hy.lam@hktdc.org |
Photo Download: http://202.64.102.92/hktdc/download.php?fid=_php2a8Mic
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In the Hong Kong Electronic Industry Summit of the HKTDC Hong Kong Electronics Fair, Prof Shawn Dubravac, Senior Economist of Consumer Electronics Association, USA says that tablet computers, internet TVs and smartphones will be all the rage and will affect the sales of smaller TVs |
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Hong Kong Electronic Industries Association committee member Prof K.B. Chan, Chairman Johnny Yeung, Vice Chairman Dr. Humphrey Leung and HKTDC Assistant Executive Director Clare Wong are having a picture taken with three speakers, namely Chief Economist of Consumer Electronics Association of USA Prof Shawn Dubravac, Solomon Systech Limited Business Operations Director Jess Tam and S.A.S. Dragon Holdings Limited Managing Director Andy Lau |
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