The 16th HKTDC Hong Kong Electronics Fair (Spring Edition) and the HKTDC International ICT Expo, both organised by the Hong Kong Trade Development Council (HKTDC), opened at the Hong Kong Convention and Exhibition Centre (HKCEC). The two fairs attracted more than 100,000 buyers from 53 countries and regions, up 3.6% year on year. The Spring Electronics Fair received some 3,600 exhibitors from 27 countries and regions with a total of over 67,000 buyers have gathered at the four-day events, running from 13 to 16 April, to showcase an impressive array of smart city solutions and the latest electronic products.
To gauge the industry’s views on market prospects, product trends and hot issues, the HKTDC commissioned an independent on-site survey during the fairs that interviewed a total of 903 buyers and exhibitors.
The survey found that most respondents (96%) expect overall sales to rise (50%) or remain steady (46%) in 2019. In terms of growth prospects in major sales markets, respondents view Korea (85%) as being the most promising among traditional markets over the next two years, followed by Western Europe (79%) and North America (77%). As for emerging markets, Mainland China (77%), ASEAN (71%) and Latin America (70%) are the most favoured by survey respondents. Regarding product trends, the survey showed that electronic/electrical accessories (27%), digital imaging (13%) and audio-visual products (12%) have the highest growth potential in their major sales or export markets in 2019.
Asked about current global issues, 59% expect that the ongoing trade friction between the United States and Mainland China will have no impact on the sector’s export performance, while 65% of respondents believe Brexit will have no impact. The survey also showed that 86% of respondents are either neutral or optimistic about smart city development in Hong Kong, thanks to the Hong Kong Special Administrative Region (HKSAR) Government’s push to launch smart city initiatives.
A highlight at the Spring Electronics Fair was the new AI & Voice Recognition zone, set up in the Tech Hall to meet the market’s demand for products and solutions related to these emerging technologies. 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”.
During the fairs, a series of start-up themed events will be held to give exposure to start-ups and enable them to pitch their solutions or products to potential investors, buyers and the media. These events include a Pitching Competition, the Media Pitch Day and “Startup, Smart Launch” sessions, an Investment Matchmaking session, and the Makers’ Clinic. Dr C.H. Ng, Chairman of the HKEIA attended and delivered an opening speech in the Oversea media breakfast meeting, He visited and networking with local and oversea startup companies.