Consumer Technology Association Forecasts US Tech Revenue to Reach Record $398 Billion in 2019

Artificial intelligence (AI) and fast connectivity – critical ingredients for the next era of category leaders such as smartphones, smart home devices and smart speakers – will drive the U.S. consumer technology industry to a record-breaking $398 billion in retail revenues ($301 billion wholesale) in 2019 and 3.9 percent year-over-year (YOY) growth, which includes streaming services revenue, according to the Consumer Technology Association (CTA). A record growth anticipating the introduction of 5G smartphones and 8K TVs in 2019.

For this edition of The Audio Voice I am wrapping up the summaries I have been writing following the Audio Collaborative 2018 conference. The event dedicated to the latest audio trends was successfully promoted in London, UK, for the fifth consecutive year by market research firm Futuresource Consulting . I'll try to summarize some key content and add some context and perspective, this time focusing on the panels on trends and opportunities in the music market and the gaming sector.

A strange week we had, with most of the technology world focused on another edition of GSMA's Mobile World Congress (MWC), with the usual gush of new iPhone-clone announcements and most of the key semiconductor giants dividing their announcements with embedded world 2018, taking place at the same time in Nuremberg, Germany. Still, neither was much affected by the clash. MWC is more and more consumer electronics, autonomous cars, cloud solutions, and software developers pitching their latest ideas on social-engineered apps.