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.

The Video Electronics Standards Association (VESA) announced that, thanks to escalating adoption by OEMs and chipmakers, the DisplayPort standard is continuing to gain momentum in the mobile consumer electronics space. Much of this recent growth stems from adoption of the DisplayPort Alternate Mode (“Alt Mode”) that is supported by dozens of commercially available products to date using the new USB Type-C connector.

Version 2.1 of the HDMI Specification supports a range of Higher Video Resolutions and refresh rates including 8K60 and 4K120, Dynamic HDR, and increased bandwidth with a new 48G cable. Version 2.1 of the HDMI Specification is backward compatible with earlier versions of the Specification, and was developed by the HDMI Forum’s Technical Working Group.

Graphics technology provider, DisplayLink, announced a world first, connecting Four 4K p60 Ultra HD Monitors via a single USB connection at Computex 2016 using their latest DL-6000 series Docking Chipset. With this demonstration, DisplayLink introduces hardware and software solutions to enable easy connectivity between monitors and computing devices over standard USB interfaces.

With more than 3,600 exhibitors across the largest show floor in history with more than 2.2 million net square feet of exhibit space, breaking last year’s previously set record of 2.06 million net square feet, the 2015 International CES is poised to be a record-breaking show. Owned and produced by the Consumer Electronics Association (CEA), the 2015 International CES runs through Friday, January 9.