Economists' Pick - Highlight
19 May 2016
While a majority of electronics players expected steady sales for 2016, buyers were generally less optimistic than exhibitors. North America Western Europe and China were seen as the most promising markets. Meanwhile, mobile devices have been usurped by electronic accessories and audio-visual items as the most promising growth products for 2016. Wearable items are also expected to enjoy massive growth, and consumers are now willing to pay a premium for electronic items with smart features.
Lighting industry players expect to face intensified market competition and mounting price pressures in 2016, a consequence of the slower global market. Western Europe and North America, as well as the Chinese mainland, are seen as having the best potential for the coming year. While LED technology is already in common use for both household and commercial/industrial lighting purposes, the industry is increasingly looking to develop smart systems and solutions in order to sustain growth.
In a poor showing for mainland cinema, no Chinese movies were featured at this year's Cannes Film Festival, while Korean movies continued to prove their ability to appeal globally, with many finding success far beyond their domestic box office.