LOS ANGELES, Jan. 12 (Xinhua) -- The retail sales revenue for the technology industry is expected to reach 461 billion U.S. dollars in the United States in 2021, a 4.3 percent increase year-over-year, according to a new report of the U.S. Consumer Technology Association (CTA), organizer of the the Consumer Electronics Show (CES).
The new report was released at the ongoing all-digital CES 2021, which kicked off Monday online.
As millions of Americans remain home and rely on tech to stay entertained, connected and healthy during the pandemic, streaming services, 5G connectivity and digital health devices will stand out in the tech sector in 2021, according to the CTA.
Total spending on streaming services and software is projected to reach a record high of 112 billion U.S. dollars in 2021, an 11 percent growth over 2020, said the CTA report.
The CTA expects steady demand for displays in 2021 as TVs remain the centerpiece for entertainment in homes.
Growth areas for TVs in 2021 include sets over 70-inches and 8K Ultra High-Definition TVs.
In the connectivity sector, over 67 million 5G smartphones are expected to ship in 2021 and generate 39 billion U.S. dollars in revenue, as consumer awareness of 5G grows and service is available in more locations across the country, said the CTA.
Shipments of laptops, wireless audio products and DIY smart home products will also remain strong in 2021, according to the CTA.
As more people monitor potential COVID-19 symptoms and more manage chronic conditions from home using devices such as smart thermometers, pulse oximeters and blood pressure monitors, shipments of connected health monitoring devices will grow to 14 million devices in 2021, said the CTA.
"Streaming services, 5G connectivity and digital health devices will push consumer tech forward in the year ahead as innovative technologies prove their resilience during challenging times," said Rick Kowalski, director of industry analysis and business intelligence, CTA.
"The industry's ability to meet societal needs in a variety of circumstances will bring growth in 2021 as the world emerges from the pandemic," he added.
The four-day CES 2021 features more than 1,900 exhibitors from around the world, showcasing virtually the latest trends and innovation in artificial intelligence, 5G, digital health, smart cities, vehicle tech and beyond.