Today: November 19, 2017, 9:05 pm
  
Computer & Technology

HK Electronics Fair and electronicAsia attract 86,000 Buyers in Three Days

HK Electronics Fair and electronicAsia attract 86,000 Buyers in Three Days
PR-Inside.com: 2017-10-16 15:31:44
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.


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 bit.ly/2gJnRDe

Fair Websites:

Autumn Electronics Fair: www.hktdc.com/hkelectronicsfairae/

electronicAsia: electronicasia.com

Fair video: youtu.be/E9-Zv_DHUOY

Photo Download Link: bit.ly/2ysZ8Ns

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.

- Google+: plus.google.com/+hktdc

- Twitter: www.twitter.com/hktdc

- LinkedIn: www.linkedin.com/company/hong-kong-trade-development-council

Contact:

HKTDC, Communication and Public Affairs Department, Billy Ng, Tel: +852-2584-4393, Email: billy.km.ng@hktdc.org

Press Information


Published by
ACN Newswire
+65 6304 8926
e-mail
www.acnnewswire.com



# 768 Words
Related Articles
More From The Author
World's Largest Electronics Marketplace Opens in Hong [..]
HONG KONG, Oct 13, 2017 - (ACN Newswire) - The 37th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by [..]
Suprema Launches CoreStation, an Intelligent Biometric Access [..]
SEOUL, KOREA, Oct 12, 2017 - (ACN Newswire) - Suprema, a global leader in biometrics and security technology, has announced [..]
Suprema BioEntry P2 officially launching on October [..]
SEOUL, KOREA, Oct 12, 2017 - (ACN Newswire) - Suprema, a global provider of leading biometrics and security solutions, today [..]
Decker & Co Places Plan B Media [..]
SAN FRANCISCO, CA, Oct 12, 2017 - (ACN Newswire) - Institutional equities broker Decker & Co. announced today the completion [..]
The Digital Video Revolution at CASBAA Convention [..]
HONG KONG, Oct 11, 2017 - (ACN Newswire) - Regional multichannel TV and digital video trade body CASBAA today announced [..]
 
More From Computer & Technology
ManageEngine Brings Enterprise Service Management to [..]
ManageEngine, the real-time IT management company, today announced that it is bringing a unified approach to enterprise service [..]
ManageEngine Announces Performance Monitoring for Office [..]
ManageEngine, the real-time IT management company, today announced that Applications Manager, its application performance monitoring [..]
Sophos XG Firewall Delivers a Breakthrough in [..]
Sophos (LSE: SOPH), a global leader in network and endpoint security, today announced the latest version of its next-generation Sophos [..]
ManageEngine Announces Performance Monitoring for Office [..]
ManageEngine, the real-time IT management company, today announced that Applications Manager, its application performance monitoring [..]
Digital Shadows announces its Digital Risk Management [..]
Dubai, UAE, October 24, 2017 – Digital Shadows, the industry leader in digital risk management, today announced the launch of [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.