The Consumer Electronics Show is the world’s largest event for displaying new products and technologies. CES 2022 did not disappoint me. I knew before I flew to Las Vegas for the conference and show that some of the major tech players weren’t going to be there. Some of these companies included Google, Amazon, Twitter TikTOK, BMW, Peloton, and Microsoft. I also felt attendance would be down in terms of media and trade enthusiasts. Organizers said there was a 75% drop from the last in-person event in 2020. Thirty percent of attendees at this year’s CES were from foreign countries. The show’s organizers offered a virtual viewing for attendees who were unable to attend due to protocols associated with Covid. The show was shortened by one day this year due to Omicron virus concerns. This resulted in a reduction in the cost of hotel accommodation for people who made the trip.
This year’s show gave some of the smaller, unknown startups a chance to capture the limelight. Drones, virtual reality and smart devices designed to monitor health issues have taken center stage. There was a robot that served as an assistant. If you have back or knee pain, the robot will tidy up your clothes and lift heavy objects. If you’re interested, Labrador will have the robot in full production by the second half of 2023. Other innovations include a smart door that uses facial recognition as a means of entry authorization. I’ve also seen wearable devices that provide tracking information that can be used to alleviate stress levels.
Prior is a South Korean company that has developed the first digital temporary tattoo device – it allows you to apply a tattoo for 1-3 days. Cradlewise has developed a smart crib for babies under two that can detect when a child wakes up. The crib will then rock and play soothing music to put the child to sleep. Samsung has established itself as a leader with its line of televisions and projectors.
Demand for technology products will grow from 300 billion in 2017 to 500 billion in 2022. Growth areas will include tablets, laptops, notebooks, smart watches and ultra-high definition televisions. Consumer spending on game software, including game streaming services and in-game purchases, will grow 5% this year.
The future looks bright for technology and innovation:
I would suggest considering streaming services that offer music, audiobooks, and podcasts as areas to spend and invest in. The growth projection is 15% compared to last year.
Imagine a drone delivering a package to your home.
I expect virtual reality and augmented reality to be used in our viewing of sporting events and live concerts. I was able to watch a virtual concert and felt like I was in the audience.
Expect more exciting trends from CES 2023