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03 March 2024

Market spend on gadgets to rise by 4.3% this year

By Staff Writer

The global market spending on gadgets and other high-end technology products will increase by 4.3 per cent to $724 billion (Dh2,659bn) by the year-end, a report released by Consumer Electronics Association said.

The growth in spending on high-end technology products has been rising steadily in recent years as more consumers are increasingly spending discretionary income on 'toys' they see as a necessity, said the association while announcing one of the toys exhibition being held at Abu Dhabi National Exhibition Centre (Adnec) next month.

"This forecast growth in spending coincides with the inaugural Big Boys Toys Super Show, which will take place at Abu Dhabi's National Exhibition Centre from April 30 to May 2. The new concept in consumer exhibitions is brought to the Middle East for the first time by organisers Artaaj, the UAE-based events and promotions company. Electronics is just one of a range of categories of toys for big boys that will be on display at Big Boys Toys Super Show, which will provide a wide choice of entertainment options for the entire family," the association said.

Big Boys Toys Super Show will offer seven zones – drive, ride, off road, marine, aviation, lifestyle and wired. Exhibitors include Aston Martin, Segway and the Maxximus G-Force, the world's fastest street-legal car. Some of the gadgets on display for play include the new I-Mate, VIP Kicker's football tables and Prima Nova's space-age SpeedJumper shoes.

Biju Jayaraaj, CEO of Artaaj, says Big Boys Toys Super Show will showcase the world's most innovative products across the spectrum, offering something for everyone. "The quality of the exhibitors that will be on show is evidence of the resilience of the luxury segment in the region, despite the global situation, and the massive appeal of Abu Dhabi as a venue of choice for exhibitors," he said.