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  • Writer's pictureHKEIA HKEIA

HKEIA and its members showcase innovative technologies at the "Hong Kong Autumn Electronics Fair"

Hong Kong Autumn Electronics Show" was successfully held from October 27th to 30th this year. As in the past, the Hong Kong Electronics Industry Chamber of Commerce also participated in the exhibition and hosted the "Hong Kong Electronics Forum: How to Effectively Apply Third-Generation Semiconductors" at the same time, inviting many experts to share the future applications of third-generation semiconductors. Due to the epidemic, this year the Hong Kong Trade Development Council (HKTDC) held the "Seven Major Autumn Trade Shows in the "Physical + Online" exhibition mode, the Physical Exhibition Department The fair ended successfully on October 30, attracting more than 16,000 industry buyers to visit and negotiate in person, while the online exhibition will last until November 6. The conference has arranged a total of more than 3,000 business meetings so far, and the seven major autumn trade shows have recorded nearly 12,000 buyers browsing products and negotiating online.

The "Seven Major Autumn Trade Shows are: "Hong Kong Autumn Electronics Show" and "International Information Technology Expo" organized by the Hong Kong Trade Development Council , "Hong Kong International Medical and Health Care Exhibition", "Hong Kong International Autumn Lighting Fair", "Hong Kong International Outdoor and Technology Lighting Expo", "International Electronic Components and Production Technology Exhibition" co-organized by the Bureau and Messe Munich Asia Ltd., and the "International Environmental Expo" co-organized by the Bureau and Messe Frankfurt (Hong Kong) Limited.

The seven major trade shows bring together more than 1,700 exhibitors from 18 countries and regions, showcasing a range of new technologies. Hong Kong Trade Development Council Vice President Chau Kai-leung said: "The latest policy address mentioned building Hong Kong into an international innovation and technology center, which shows that the innovation and technology industry has huge potential. This seven exhibitions will be organized into a 'physical + online' format." "Held in a hybrid mode, it is convenient for global buyers and exhibitors to establish connections through online and offline channels and create more business opportunities.

The Hong Kong Trade Development Council interviewed more than 450 exhibitors and buyers during the seven major trade shows. The industry was generally optimistic about the prospects, and more than half (55%) were affected by Respondents believe that the overall sales of industry products will increase next year, and 30% of respondents expect it to remain unchanged. In traditional markets, they are mainly optimistic about Taiwan (78%) and South Korea (63%); in emerging markets, the industry is mainly optimistic about mainland China (76%), India (72%) and Eastern Europe (72%).

Many exhibitors and buyers have been affected to some extent during the epidemic, including decreased sales/profits (64%), increased logistics costs (23%), and increased procurement/production costs ( 19%). There are still two months until 2022, and 44% of respondents believe that global economic fluctuations will be the biggest operational challenge next year, followed by rising operating costs (32%) and political changes (29%). In terms of the biggest opportunity, 37% of respondents believe that it is the new business opportunities brought by e-commerce, followed by the recovery of consumption power (36%) and the rising demand in emerging markets (34%).

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