Smart products, along with wearable electronics and mobile devices are expected to be the key products in the electronics market. Despite many predicting flat sales in 2016, consumers’ willingness to pay extra for smart features should help to bolster the sector. Industry sentiment towards overseas markets remains positive across the board, with China, North America and Western Europe seen as having the highest potential. More
With a proliferation of LED applications, it is expected that the global market for lighting products will remain steady in 2015. The development of smart appliances by leading technology players, especially those related to the household systems, is likely to benefit the lighting industry in the medium term. China and several of the mature markets are seen as the markets with the highest growth potential over the next two years.
China is one of the leading consumer markets in the world. Recent survey reveals that mainland’s middle class prefers higher grade and user-friendly small kitchen appliances, and many are now familiar with online-to-offline (O2O) shopping. While the majority perceives the Hong Kong brand as the medium price to high range items, Hong Kong companies can also consider adding green and smart features to their products to lure consumer purchases. More