February 28, 2024

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HKTDC Electronics Fair draws 87,000 from 139 countries

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According to a recent report, the 38th HKTDC Hong Kong Electronics Fair (Autumn Edition) and the 22nd electronicAsia concluded on 16 October 2018, attracting close to 87,000 buyers from 139 countries and regions over a four-day period.

Buyer attendance grew from a number of countries and regions including mature markets such as Canada, Italy, Singapore, Taiwan and the UK, and emerging markets such as Brazil, the Chinese mainland, India, Indonesia, Malaysia and Russia.

More than 63,500 buyers visited the Autumn Electronics Fair while over 23,400 visitors attended electronicAsia. The Electronics Fair was organised by the Hong Kong Trade Development Council (HKTDC), while electronicAsia was jointly organised by the HKTDC and MMI Asia.

HKTDC Deputy Executive Director Benjamin Chau said that in the face of global economic uncertainty, Hong Kong companies are pushing to strengthen R&D and develop new technologies in a bid to launch innovative electronic products.

At the two fairs, the attention of global buyers was attracted as they got to witness how the start-ups are successfully applying advanced technologies such as artificial intelligence (AI) and augmented reality (AR) to a wide range of electronic products.

Thematic zones at the fairs, such as the Tech Hall and Hall of Fame, helped to meet the needs of the industry while a series of events at the Autumn Electronics Fair helped to introduce the products and technologies of start-up companies to potential buyers, partners, investors and the media, assisting them to capture new business opportunities.

The HKTDC commissioned an independent survey during the fair period, interviewing a total of 1,043 exhibitors and buyers on the outlook for the electronics market and new product trends. Some 60% of respondents said the recent Sino-US trade friction has had a negative effect on their export performance.

Around 40% of respondents said they expect their company’s overall sales to grow this year – 13 percentage points lower than the proportion that gave the same response in 2017.

In terms of markets with growth prospects, survey respondents view Japan as the most promising traditional market (75%), followed by South Korea (73%) and Western Europe (72%), while the Chinese mainland (77%), Middle East (76%) and ASEAN countries (76%) are seen to have the best prospects among emerging markets.

In terms of product trends, the survey reveals that audio-visual products (17%) have the most growth potential in 2019, followed by electronic/electrical accessories (14%) and digital imaging (9%).

For AR and virtual reality (VR) devices, almost 80% of respondents are optimistic about the market development in the next two years, while most respondents think that mobile and online games (57%) and audio-visual entertainment devices (45%) have the largest market potential.

For robotics applications, 67% of respondents say they are optimistic about market developments in the next two years, with entertainment purposes such as toy robots (40%) having the largest market potential, followed by home applications such as vacuum cleaners (36%) and medical applications such as rehabilitation treatments (24%).

Spotlighting AI and Other Innovations

The Tech Hall at the Electronics Fair featured five thematic zones, including Robotics & Unmanned Tech, Smart Tech, Virtual Reality, 3D Printing and Start-up zones. First-time exhibitor Tuya Global showcased its AI solutions for smart home appliances and lighting products, hoping to expand its overseas markets.

A Taiwanese start-up exhibitor showcased a virtual laser projection keyboard that attracted a lot of attention from buyers. The CEO of the company said they have met with new buyers from Hong Kong, the Chinese mainland, Southeast Asia, Germany, Italy and Russia, and have secured orders for a total of 5,000 sets. He said the business results from the fair were very encouraging.

Under the theme “AI Empowerment – Grow without Limits”, the Symposium on Innovation & Technology featured representatives from the Hong Kong Applied Science and Technology Research Institute (ASTRI) and others.

They discussed how AI can empower organisations and affect the employment picture, as well as some of the challenges associated with AI implementation. The symposium attracted more than 1,260 participants.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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