Electronics consumers in both mature and emerging markets have continued to chase after such trendy technological products as smartphones and tablets. But the global economy is currently clouded by the debt crises hitting Europe.
At the Hong Kong Electronics Fair 2011 (Autumn Edition) held from 13 to 16 October 2011, which is one of the world’s largest gatherings of professionals in the electronics field, HKTDC Research conducted a survey against such a market environment.
Interviews were conducted with 507 buyers and 302 exhibitors, who were asked their views about the prospects for the electronics market and the impact of the debt crises. Major findings are as follows:
Impact of the debt crises
•About half of the buyers (46%) and 39% of the exhibitors forecast that the debt crises would bring down their electronics sales by around 10% in the next 12 months.
•Majority of the respondents indicated the US and west European countries like Italy, Spain and Greece were the markets most affected by the debt crises. But only a few (less than 10% of the respondents) named Asian countries like the Chinese mainland and Japan as the most affected markets.