Global Industry Trends for Consumer Electronics in 2020
Published on : Tuesday 18-08-2020
The global market witnesses some incredible technological innovations over the last decade, but as the consumers moving into the 20s, what new developments await us? Here, consumers can take a look at some of the top consumer electronics trends for 2020.
5G
One of the consumer electronics trends that people have been discussing for some time now is 5G. 2019 saw EE, Vodafone, Three, and O2 all roll out their 5G networks in the UK. In 2020, consumers can expect more mobile carriers to follow suit, as well as 5G being rolled out in other countries.
5G promises faster internet speeds for everyone and should be especially beneficial for those living in areas that currently have poor or non-existent 4G coverage. This is possible because of the 5G small cells replacing the monolithic 4G cell towers.
The 5G cells can be mounted almost anywhere, including in towns and cities, without being intrusive or an eyesore as they are only small boxes and can be installed in a few hours. Consumers can expect to see more of these 5G cells installed in the world around us as 5G coverage becomes more common.
Personalized Medicine
Medical technology has long been dependent on innovation within electronics. Recently, more developments have been made in electronic tattoos – thin, wearable electronics that can be worn on the skin to monitor vital signs such as heart and brain functions and transmit that data to a smartphone or computer for real-time health analysis.
Technologies such as this have the potential to fundamentally change the way treatment is administered, as intuitive monitoring technology can give more accurate and personalized readings of all the health risks of an individual. Rather than going through a series of tests and being prescribed a treatment that may aggravate other conditions, patients are more likely to get the treatment that is tailored specifically for their entire health profile.
Blockchain Technology
2020 could be the year that sees blockchain technology change the way companies do business. Blockchain technology is a digital ledger that records and stores transaction information in an encrypted, decentralized manner. Blockchain technology is more secure against hackers and malware trying to manipulate past transactions as any changes made to a ‘block’ in the blockchain changes the block’s unique hash which would no longer match the chronology of the chain.
All the information in a blockchain is transparent, meaning anyone can see the transactions made by a person or company but cannot change or manipulate that data. The wide use of blockchain technology in the business world would mean fewer companies ‘dealing under the table’ as everyone in a blockchain is accountable for their own activity.
Extended Reality
One of the biggest consumer electronics trends of 2019 has been extended reality or XR. 2020 is likely to bring more extended reality concepts and technology. Virtual and augmented reality video games have seen some huge developments in the past year, with many popular games including elements of VR or AR. The announcement of the next generation of gaming consoles will no doubt lead to more games of this ilk being developed to complement more powerful hardware.
Whilst consumers can bank on the continued growth of XR within the entertainment industries, consumers could also be looking forward to other businesses adopting the technology. XR can be used for training and simulation purposes, as well as be coupled with AI to test the efficiency of new production methods. XR could also be used in sales and marketing to compellingly demonstrate a product or service to potential customers or investors.
These are just some of the exciting technologies that could be coming in 2020, but there will also be many more. The development of any electronic technology for use in a particular product or industry opens up the opportunity to apply that technology to a range of other industries, so consumers are sure to see some innovations that most of us haven’t even conceived of yet.
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