She added: “The HKTDC will launch an international innovation and technology (I&T) promotion campaign on a larger scale next April. The goal is to further promote Hong Kong’s technological development and the complementary advantages of the Guangdong-Hong Kong-Macao Greater Bay Area industrial chain, contributing to the city’s transformation into an international I&T hub.”
Industry more optimistic regarding medium-term outlook for I&T sector
The HKTDC conducted an on-site survey during the fairs to understand exhibitors’ and buyers’ views on the outlook for the I&T sector and what they expect the major trends to be. The survey found that 35% of respondents expected product sales will increase in the next six to 12 months, while 47% anticipated that sales will remain unchanged. Respondents were more optimistic about market conditions in the medium term; 46% expected that sales of their products will increase in the next one to two years, while 42% believed sales will remain unchanged.
The rapid development of technologies presents enormous business opportunities. More than 70% of those surveyed expected that the smart lighting market will present ideal market potential in the coming two years, while 60% saw robotics offering the best growth prospects. As for the application of robots, most respondents believed their use in the medical field has the greatest potential, including for surgery and rehabilitation.
Demand for smart products continues to grow
Presented under the theme “Innovations for Better Living”, the five autumn technology fairs brought together exhibitors and industry professionals from across the globe, offering Hong Kong’s start-ups an important platform to showcase their I&T solutions and generate business opportunities. Stang Limited, a Hong Kong start-up joining the HKTDC Hong Kong Electronics Fair (Autumn Edition) for the first time, featured its Qoolmate, an ice pack incorporated with a thermal thick film integrated circuit. Sidney Tang, the company’s project manager, said they had met more than 100 potential buyers from Hong Kong, Europe, Japan, Korea, Mainland China and the United States through the fair. He revealed that one Japanese buyer will order 500 sets of Qoolmate once Stang has obtained the necessary safety certifications from authorities in different regions.
Five fairs assemble top-notch technologies, attracting global buyers to source onsite
Following the implementation of the “0+3” quarantine arrangements, overseas visitors with an Amber Code are able to participate in B2B exhibitions in Hong Kong during their three days of medical surveillance. The five autumn fairs welcomed buyers from India, Japan, Korea, the Philippines, Poland and Thailand, among other countries and regions, to source at the fairground. Przemyslaw Kowalczyk, a buyer at Polish company LEDIN Sp. z o.o., said he was able to return to the HKTDC Hong Kong International Lighting Fair (Autumn Edition) thanks to the HKTDC’s support. “I am pleased to have a chance to visit the fair again this year. I have found two potential suppliers of tri-proof lights and garden lights. I plan to do business with one of the suppliers and place an order for US$1 million worth of tri-proof lights next year.”
Smart business-matching platform builds global opportunities
The five autumn technology fairs all adopted the new EXHIBITION+ hybrid model that combines four key exhibition elements, including HKTDC-organised physical fairs, the smart business-matching platform Click2Match, online-to-offline seminars under the Intelligence Hub, and the hktdc.com Sourcing platform. LED Lighting & Energy Storage Systems, an importer of commercial and industrial lighting from the US, was looking to develop partnerships with new suppliers through the fairs in order to offer quality lighting solutions to its customers.
Jorge E Cruz, the company’s representative, said he found six or seven potential business partners supplying smart lighting solutions, landscape lighting and smart downlights at the physical Autumn Lighting Fair and the HKTDC Hong Kong International Outdoor and Tech Light Expo. He plans to place orders with three potential suppliers. “The online meetings arranged through the HKTDC’s Click2Match platform provided a good option for me to meet with suppliers that are not participating in the physical fairs. I will have online meetings with six suppliers after the physical fairs,” Mr Cruz said.
Nearly 50 content-rich events were held during the fairs, including the Symposium on Innovation & Technology, the Hong Kong Electronic Forum and seminars held by the So French So Innovative pavilion and the B4B Challenge pavilion respectively, with visitors keen to participate. Industry professionals can watch videos of the events through the fair websites.
Following on from the five autumn fairs, the HKTDC will coordinate the first edition of International Healthcare Week in November to promote medical technologies, with two flagship events: the HKTDC Hong Kong International Medical and Healthcare Fair 2022 (9 to 11 November for the physical fair) and the Asia Summit on Global Health 2022 (10 and 11 November). The objectives are to spur industry exchange and generate business opportunities in this increasingly important sector.
*The five autumn technology fairs are the HKTDC Hong Kong Electronics Fair (Autumn Edition), electronicAsia (organised by the HKTDC and MMI Asia Pte Ltd), HKTDC International ICT Expo, HKTDC Hong Kong International Lighting Fair (Autumn Edition) and HKTDC Hong Kong International Outdoor and Tech Light Expo.
– Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.com
– electronicAsia: www.electronicasia.com
– International ICT Expo: https://ictexpo.hktdc.com
– Hong Kong International Lighting Fair (Autumn Edition): https://hklightingfairae.hktdc.com
– Hong Kong International Outdoor and Tech Light Expo: https://hkotlexpo.hktdc.com
– Highlight product lists: https://bit.ly/3rc6pLp
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
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