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More than 106 million 5G smartphones are anticipated to ship in 2021, and all round tech business sales will attain $487 billion in 2021, according to the Consumer Technology Association, the trade group that puts on the CES trade show.
The 5G smartphone sales will produce $61 billion in income (up 404%) and shipments will be up 530% from 2020 as the huge carriers market their networks with deep phone discounts, stated Rick Kowalski, director of business evaluation and business enterprise intelligence at the CTA, in an interview with VentureBeat.
“Smartphones have a lot going for them this year, after 2020, which saw a decrease in smartphone shipments,” Kowalski stated. “This year, we have pent-up demand. People put off purchases last year because they just weren’t on the go as much. They were focused on home entertainment or home electronics. And this year people are getting out and about more. And it’s also prime time for 5G upgrades.”
There are a lot of promotional offers out there proper now. The networks have invested a lot of revenue in these 5G networks and now they want buyers on these networks. And they’re carrying out what they can to get individuals on their networks with wonderful phone offers. The buyers could or could not get the added benefits of 5G, based on the rollout in their communities. But more than time, the purchases should really spend off. I took Verizon up on its cost-free smartphone offers and got myself a 5G iPhone 12 this month. The 5G coverage is mixed in my region, but it is great when it performs.
“The providers are rolling out all of the different types of 5G service that they can on all the frequencies,” Kowalski stated.
Overall electronics sales
Overall retail sales income for the tech business in the U.S. will attain a record-breaking $487 billion in 2021, up 7.5% jump year-more than-year – thanks to unprecedented customer demand for tech connected to work, college and life-style, the CTA stated.
“Across the board, we’re seeing healthy demand, very high demand for electronics. That is carrying over from a pandemic,” Kowalski stated. “We’re going from that phase last year where everyone needed home entertainment and computing devices to help them work and learn at home and to stay entertained. But we also have this reopening of the economy, returning to offices, schoolchildren returning to schools,
and people just getting on the road now. So there’s a drive towards more mobile technologies.”
The total income of overall health and fitness tech will attain $13 billion in 2021, up 12% more than last year. With demand for merchandise such as Peloton and MYXfitness soaring, roughly 1.5 million units had been shipped in 2020, and in 2021 the devices will cross 2 million (a 43% rise) and earn $3.9 billion (a 40% raise).
Shipments of e-toys like robots and musical instruments, will attain 61 million (a 7% raise), earning $3.6 billion (up 14%) in 2021 as a outcome of parents turning to education-focused toys in a lost pandemic college year.
Gary Shapiro, CEO of the CTA, stated in a statement that the pandemic changed consumers’ relationships with tech forever. Tech played a huge function in our lives through working, studying, staying connected with loved ones, and taking care of our overall health. It stayed resilient in the face of crises such as provide chain shortages, labor gaps, vaccination rollouts, and looming inflation, Shapiro stated.
CTA’s twice-yearly U.S. Consumer Technology One-Year Industry Forecast reflects U.S. manufacturer shipments for more than one hundred customer tech merchandise and connected software program and services. The report identifies main trends shaping the future of customer technologies as the economy navigates its path toward the post-pandemic world.
Following a record year for gaming software program and services in 2020 – a 25% raise in income – 2021 will see a slight decline reaching $48 billion, down 2% more than last year.
Following more than $5 billion in income in 2020, gaming consoles will see continued development in 2021 as combined home and transportable console shipments attain 19 million units (up 6%), accounting for $6 billion in income (up 18%).
“There’s a lot of positive feedback about the new consoles,” Kowalski stated. “People are just trying to get their hands on them. And they will over time. We see this in the beginning of every gaming console upgrade. There is just never quite enough to meet demand.”
As for the chip shortage, he stated sales have been pretty great in spite of that. The vehicle business has been hit especially tough, with lost sales possibly going more than $one hundred billion in 2021, according to a report by KPMG.
“But chip shortages can impact manufacturers at any given moment,” he stated. “Across the board, all manufacturers are seeing just unprecedented demand. People are very eager to buy technology.”
Virtual Reality (VR) and Augmented Reality (AR) hardware returns to development in 2021 following a pause in 2020 triggered by widespread disruption to the international provide chains. VR shipments will attain 2.7 million units (up 30%). Total revenues for the VR and AR hardware shipments will cross more than a billion dollars (a 34% raise).
“We’ll keep an eye on [VR],” he stated. “Augmented reality is worth watching too as an application for 5G. But it may be a ways off before we can get a lightweight technology that rests on your ears and nose comfortably.”
5G smartphones will see exponential development as customer demand continues to climb with numerous hunting forward to upgrading their phones, waiting to discover the added benefits of this new technologies.
Overall shipments of smartphones will raise 10% to 154 million units, earning $73 billion in income, up 15%. Devices such as Apple Airpods and Samsung Galaxy Buds continue to see sturdy development in 2021, with 88 million units anticipated to ship, a 27% jump from last year, representing $8.7 billion in income (8% raise).
With numerous Americans nonetheless working from home, the CTA expects the record year-more than-year development trend of 2020 to continue for laptops in 2021. Shipments for laptops will attain 76 million units (up 9%), earning $45 billion in income (up 11%).
Staying wholesome and hip
For the very first time, the CTA measured connected workout gear such as stationary bikes, rowers, and treadmills. With demand for merchandise such as Peloton and MYXfitness soaring, roughly 1.5 million units had been shipped in 2020, and in 2021 the devices will cross 2 million (a 43% rise) and earn $3.9 billion (a 40% raise).
Shipments of connected overall health monitoring devices such as clever thermometers, pulse oximeters, and blood stress monitors will develop to 13 million units (up 23%) and earn $740 million in income (a 17% raise). The total income of overall health and fitness tech will attain $13 billion in 2021, a 12% development more than last year. Smartwatches will develop 8% in unit shipments, driven by tech-savvy and style-conscious shoppers.
“This raises the bar on exercise equipment and people will expect more from their exercise equipment,” Kowalski stated. “It will be connected and tie in with their other fitness tracking services. And it will just fit in the smart home and their smart life.”
Personal mobility, which incorporates battery-powered bikes and scooters, is one of the quickest-expanding categories. The CTA projects a total of 1.2 million e-bikes to ship in 2021 (up 15%), earning $1.9 billion in income (a 3% jump).
And with expanding demand for clever speakers and home robots, the CTA projects that more than one hundred million clever home devices will ship in 2021 (up 11%), holding flat on income, with $15 billion.
Staying engaged and entertained
As music, audio books and podcast listening continues to obtain momentum, the CTA predicts earnings will attain $10 billion (up 18%). And immediately after an unprecedented surge in subscription development for video streaming services in 2020, 2021 will see continued development in demand. The income for these services is anticipated to attain $43 billion, up 15% more than last year.
Overall Television shipments will hit 45 million units, reduced than 2020’s record volume of more than 47 million. But income development will hit 5% ($24 billion). More than 3-quarters of TVs shipped this year will be 4K UHD. With a majority of content consumption nonetheless taking place indoors, customer enthusiasm for big screen TVs is expanding.
LCD TVs with screen sizes 70-inches and up will attain 4.3 million in shipments, earning $4.4 billion, and 8K Ultra HD sets, which will see shipments climb to 2.6 million units in 2021, are anticipated to earn $5.7 billion (a 371% raise). NextGen TVs will see shipments raise almost sixfold to 2.1 million units with income of $2.9 billion, up 425%.
Parents discovered worth in utilizing educational toys as studying shifted to home throughout the pandemic. Shipments of e-toys like robots and musical instruments, will attain 61 million (a 7% raise), earning $3.6 billion (up 14%) in 2021. Specifically, science technologies engineering and math (STEM) toys, which make up a expanding element of this category, will see 4.7 million shipments (a 19% jump), earning $187 million (a 24% raise).
It’s a great outlook, and we’ll take it, as we nonetheless recall the depths of the pandemic.