NEW YORK ( TheStreet) -- Tech specialists and top industry representatives are convening in Las Vegas this week to take part in the 2012 International Consumer Electronics Show.
While always a popular event for consumers looking to find out what their favorite tech companies have been up to, this tradeshow also provides investors with important information regarding the state of the sector and global consumer.
Aside from flashy product unveils, a number of top industry executives are slated to share their takes on the industry. On Monday evening, Microsoft (MSFT - Get Report) CEO Steve Ballmer took center stage to give the preshow keynote address, followed by top officials from companies such as Qualcomm (QCOM), Intel (INTC - Get Report) and Ford (F).
With ample exposure to many of the names highlighted above, broad-based tech ETFs like the PowerShares QQQ Portfolio (QQQ) and iShares Dow Jones U.S. Technology Sector Index Fund (IWM) will be interesting to watch as the CES keeps the tech sector in focus this week. Although it is famous for its consistent absence from the convention, even Apple (AAPL - Get Report) tends to get a great deal of coverage over the course of the festivities.The cloud, personal gadgets, and other burgeoning corners of the tech landscape are expected to draw big crowds this year. This fanfare will help to thrust companies like Google (GOOG - Get Report), Amazon (AMZN) and Cisco (CSCO) into the spotlight. ETF investors can turn to niche-focused tech funds like the First Trust Dow Jones Internet Index Fund (FDN) and First Trust ISE Cloud Computing Index Fund (SKYY) to gain access to these names. It may not be the first fund that comes to mind, but the Emerging Global Consumer ETF (ECON) is another product that aggressive ETF investors may want to keep an eye on in the days ahead. 3D TVs, smartphones, and ultrabooks may draw the biggest crowds in Las Vegas. However, in their plans for the future, companies are increasingly turning their collective attentions towards products designed for the blossoming emerging markets. According to industry analysts, tech spending is forecasted to breach the $1 trillion mark for the first time in 2012. The increasing purchasing power of consumers in the developing world will be essential to achieving this goal. According to a report from AFP, this demographic is expected to account for 46% of tech sales this year. This is up significantly from years previous. At the same time that emerging nations are gaining ground, the developed world is seeing its lead erode. Long term, one researcher forecasts that global tech spending from the developed world is on track to dip below 50%.