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It is reported that China has surpassed the United States to become the world's largest consumer electronics market. In addition, Asia also replaced North America as the largest regional market for consumer electronics. China is beginning to play the role of a driving engine for the global consumer electronics industry.
Steve-Koenig, a senior analyst of the Consumer Electronics Association, which hosts the Consumer Electronics Show in Las Vegas, USA, said that China and Asia are gradually replacing the U.S. and North American markets. This trend has already emerged, but in 2013, In the year that truly ushered in the turning point in sales, North America will be ranked second in the future. The rapid growth of China's consumer electronics market is not surprising. China’s population is huge. According to statistics, in China, there are 160 cities with a population of more than one million, while the United States has only nine or nine cities.
The analyst said that China is becoming a dominant force in the global market. This phenomenon can no longer be simply described as surprising.
ABI, a technology market research company, once issued a report saying that in 2013, China had surpassed the United States as the world's largest smartphone market. Smartphones have become the most active consumer electronics market. It is estimated that in 2013, global smartphone sales reached 1.2 billion. Knin analyst pointed out that the scale of the North American consumer electronics market was 257 billion US dollars last year, but China’s dominant Asian market reached 282 billion US dollars. It is said that in the global consumer electronics market, emerging market countries accounted for half, and a few years ago, this ratio was only 40%.
The thriving electronic information industry needs a matching industry exhibition with international influence. Looking at the development trend of domestic electronic information exhibitions, the China Electronics Information Expo (CITE) jointly sponsored by the Ministry of Industry and Information Technology and the Shenzhen Municipal People's Government will undoubtedly undertake this historic mission. The first-class China Electronics and Information Expo (CITE) in Asia came into being. The second exhibition will be held on April 10-12, 2014 at the Shenzhen Convention and Exhibition Center.