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Tuesday 26 May 2020
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14 Jan 2020
CES news: CTA predicts US consumer tech sales to reach record level of US$422bn

The increasing popularity of streaming services and wireless earbuds – along with the introduction of 5G connectivity and artificial intelligence (AI)-enabled devices – are set to drive revenues in the US consumer tech industry to a record $422bn during 2020.

According to the Consumer Technology Association (CTA), retail revenues in the tech sector are expected to grow by nearly 4 per cent over the next 12 months.

Unveiled at the CES 2020 (Consumer Electronic Show) event last week, the CTA’s twice-yearly U.S. Consumer Technology Sales and Forecasts report also provided a predictions for the digital health device sector – covering smartwatches, fitness trackers and connected health monitoring devices, such as blood pressure monitors and smart scales.

The CTA expects the digital health category to reach 64 million devices sold – bringing in total revenues of US$10bn during the year.

“More and more consumers are embracing the faster connectivity, advanced intelligence and seemingly infinite content that technology offers today – pushing consumer technology industry revenues toward another record-setting year in 2020,” said Gary Shapiro, president and CEO, CTA.

“We’ll see advancements in 5G connectivity and AI play out across the CES 2020 show floor this week – from digital health to self-driving vehicles and smart homes – vital technologies that are changing our lives for the better.”

Steve Koenig, vice president of market research, CTA, added: "The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things.

“Connected intelligence defines today’s device ecosystem from consumer favorites such as smartphones and TVs to an expanding universe of smart home solutions making intelligent living spaces a reality. Over the next 10 years, the dynamic of connected intelligence will grow apace with advancing 5G networks and innovative applications of AI to propel the consumer tech industry forward — and with it consumer experiences, safety, health and more.”

• For more information on the CTA report, click here.

To watch the full presentation of the CTA report from the CES 2020 event, see below:




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13 May 2020
ISPA Conference and Expo rescheduled to help industry focus on reopening preparations
The International Spa Association (ISPA) has announced it has rescheduled and relocated the 30th annual ISPA Conference and Expo.
13 May 2020
We Work Well launches web-based meeting platform for digital buyers event
Due to the COVID-19 crisis, a plethora of industry events and conferences have been cancelled and rescheduled to avoid risk the spread of the virus.
01 May 2020
Gerry Bodeker, Marc Cohen and Anna Bjurstam to speak at virtual International Ayurveda and Yoga Conference
Spa brand Subtle Energies has announced that this year’s International Ayurveda and Yoga Conference will be hosted online with free entry for all.
29 Apr 2020
Belgin Aksoy says COVID-19 is a wakeup call
In the era of coronavirus and lockdown, people all around the world are turning to wellness for support and comfort. On 13 June 2020 the ninth annual Global Wellness Day will be hosted to emphasise the importance of wellness and taking care of ourselves.
24 Apr 2020
Euphoria launches five-week virtual retreat inspired by Greek mythology
Holistic Greek destination spa, Euphoria, has announced the launch of a free five-week immersive virtual retreat inspired by Greek mythology and the five elements.
20 Apr 2020
Fourth World Wellness Weekend aims to draw more people to the wellness cause
This year’s fourth World Wellness Weekend (WWW) is aiming to shake up perceptions of wellness and help incorporate wellness into more people’s routines.
18 Apr 2020
HOTel&SPA 2020 cancelled – next event will be May 2021
Vladi Kovanic, director of VK Organisation – organiser of Forum HOTel&SPA – has cancelled the event for 2020.
31 Mar 2020
Expo 2020 Dubai likely to postpone until 2021 due to COVID-19 outbreak
Expo 2020 Dubai has announced that it will likely postpone the event by a year in the wake of the COVD-19 outbreak.
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Diary dates
02-05 Jun 2020
MIPIM
Palais des Festivals
Cannes
France
04 Jun 2020
Active Uprising
Manchester Central
Manchester
United Kingdom
04 Jun 2020
SAPCA Annual Golf Day
Marriott Forest of Arden Hotel & Country Club
Birmingham
United Kingdom
06 Jun 2020
Welsh Fitness Expo
Cardiff City Stadium
Cardiff
09 Jun 2020
ISA Summer Business Forum
The Lodge at Ashford Castle
Cong
Ireland
10-12 Jun 2020
Piscina & Wellness Mexico
Centro Citibanamex
Mexico City
Mexico
11 Jun 2020
iConnection event
San Diego Harbor
San Diego
United States
13 Jun 2020
Global Wellness Day
Worldwide
Various
14-17 Jun 2020
HOTEC Operations
The Ritz-Carlton Spa, South Beach
Miami Beach
United States
14-30 Jun 2020
HOTEC Design
JW Marriott Miami Turnberry Resort & Spa
Aventura
United States
16-19 Jun 2020
HOTEC Middle East
Al Bustan Palace, A Ritz-Carlton Hotel
Muscat
Oman
16-21 Jun 2020
Salone del Mobile
Fiera Milano
Milan
Italy
18-20 Jun 2020
Eco Resort Network
Hotel Rikli Balance Hotel
Bled
Slovenia
22 Jun 2020
World Bathing Day
Worldwide
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