2024 World Consumer Electronics Expo: Focusing on AI-Driven Innovation in the Consumer Electronics Industry

2024 World Consumer Electronics Expo: Focusing on AI-Driven Innovation in the Consumer Electronics IndustryFrom November 28th to 30th, 2024, the highly anticipated 2024 World Consumer Electronics Expo (CEE) will be held at the Shenzhen Convention & Exhibition Center. Under the theme of "Intelligent Creation for the Future, Connecting the World," the expo will focus on four major consumer electronics sectors: smart ecosystems, smart living, smart terminals, and smart mobility

2024 World Consumer Electronics Expo: Focusing on AI-Driven Innovation in the Consumer Electronics Industry

From November 28th to 30th, 2024, the highly anticipated 2024 World Consumer Electronics Expo (CEE) will be held at the Shenzhen Convention & Exhibition Center. Under the theme of "Intelligent Creation for the Future, Connecting the World," the expo will focus on four major consumer electronics sectors: smart ecosystems, smart living, smart terminals, and smart mobility. Its aim is to comprehensively showcase the booming development of the consumer electronics product innovation ecosystem driven by artificial intelligence technology.

This expo takes place at a crucial time for the global consumer electronics industry, which is undergoing transformation and upgrading. According to IDC data, global smartphone shipments grew by 4.0% year-over-year in the third quarter of 2024, marking the fifth consecutive quarter of growth. This growth trend demonstrates the resilience of the smartphone market, particularly given the persistent downward pressure on the macroeconomic environment and weak demand. The growth of Chinese smartphone brands played a key role in this achievement.

However, market growth has not been without its challenges. A report by China Merchants Securities points out that while Android flagship phones are entering a period of intensive releases, with domestic manufacturers like Xiaomi, OPPO, vivo, Honor, and Huawei launching new flagship phones equipped with AI and advanced optical technologies, market competition remains fierce. While the AI and optical innovations in these new models are undoubtedly a market focus, their subsequent sales performance remains to be seen.

Nomura Oriental International Securities offers a different perspective. They argue that a replenishment of inventories in the domestic Android phone market in the third quarter of last year inflated the year-on-year growth base, resulting in a relatively moderate recovery in overall demand this year. Therefore, they are more focused on the stimulating effect of new phones' AI upgrades in the fourth quarter of this year and whether this effect can effectively boost smartphone sales.

It's noteworthy that the application of AI technology has become a significant driving force in the development of the consumer electronics industry. At the CEE expo, we will have the opportunity to see more innovative products equipped with advanced AI technologies. These products will not only enhance user experience but also reshape the competitive landscape of the consumer electronics industry.

From a supply chain perspective, some key component manufacturers will also showcase their latest technologies and products at the expo. For example, Tongxingda, mentioned in Cailianpress's thematic database, whose products are widely used in liquid crystal displays and optical cameras, is a crucial component supplier for AI phones, AI glasses, and AI personal computers (AIPC). Tongxingda's participation will undoubtedly provide attendees with a deeper understanding of the upstream and downstream of the AI industry chain.

Furthermore, Hengxuan Technology, another highly anticipated exhibitor, has successfully entered the supply chains of major global Android smartphone brands, including Samsung, Huawei, OPPO, Xiaomi, vivo, and Honor. Hengxuan Technology's participation signifies the growing competitiveness of China's consumer electronics supply chain in the global market.

In summary, the 2024 World Consumer Electronics Expo will be a crucial platform for industry professionals to understand the latest technological trends and grasp the direction of market development. The expo not only showcases the innovative vitality of the consumer electronics industry but also reflects the market challenges and opportunities in the global economic environment. Exhibitors will showcase their latest technologies and products, seeking cooperation opportunities and jointly promoting the sustainable development of the consumer electronics industry. We look forward to witnessing this technological feast at the Shenzhen Convention & Exhibition Center and jointly envisioning the "Intelligent Creation for the Future" of the consumer electronics industry.

The expo covers a wide range of areas, from smartphones, tablets, and wearable devices to smart homes and smart cars, all showcasing relevant products and technologies. The expo will attract manufacturers, investors, media, and professionals from around the world to discuss the future development trends of the consumer electronics industry.

The successful holding of this expo is of great significance in promoting the innovative development of China's consumer electronics industry and enhancing China's competitiveness in the global consumer electronics industry. At the same time, the expo will bring consumers more high-tech, high-quality consumer electronics products, improving people's quality of life.

Against a backdrop of macroeconomic uncertainty, CEE 2024 is not only a window to showcase the strength of China's consumer electronics industry, but also a reflection of Chinese companies' proactive response to challenges and pursuit of innovative breakthroughs. We have reason to believe that, driven by artificial intelligence technology, China's consumer electronics industry will usher in a more vigorous future. This expo will be an important chapter in recording this historic moment. We look forward to witnessing a new chapter in China's consumer electronics industry under the theme of "Intelligent Creation for the Future, Connecting the World."

Through this expo, we can more clearly see that AI technology is profoundly changing people's lifestyles and bringing new growth points to the consumer electronics industry. In the future, we have reason to believe that with the continued advancement of AI technology, consumer electronics products will become more intelligent and personalized, providing users with a better experience. CEE 2024 is a significant milestone in this wave of transformation.