CITIC**: Seize the three main lines of innovation, AI and domestic production, and the recovery of the electronics industry is at the right time.
Recently, the latest research report released by CITIC ** pointed out that the revenue of the electronics sector is expected to achieve year-on-year growth in 2024, and the future development of the electronics industry will mainly revolve around the three main lines of innovation, artificial intelligence (AI) and domestic production. This news has attracted widespread attention and discussion in the market.
The electronics industry is ushering in a recovery cycle at the right time, which is also based on the trend of gradually ending the destocking cycle and ushering in the replenishment cycle. From the fourth quarter of 2023 to the first half of 2024, the electronics sector is expected to benefit from year-on-year revenue growth from a low base, which will also drive market confidence back. Under this trend, CITIC** has put forward three main lines of concern, namely, the strengthening and recovery of downstream innovation, the emergence of AI innovative cloud applications, and the continuous substitution of upstream domestic production.
First, focus on downstream innovation to strengthen recovery. With the continuous change and upgrading of market demand, the electronics industry will face more innovation needs and opportunities. As a result, companies that can quickly adapt to market changes and drive product and technological innovation will see more opportunities in the recovery cycle.
Second, pay attention to the emergence of AI innovative cloud applications. In today's digital transformation context, AI technology has begun to play an increasingly important role in the electronics industry. The emergence of various AI applications will not only promote technological innovation in the electronics industry, but also bring more business opportunities to enterprises.
Finally, we should pay attention to the sustainable development of upstream domestic substitution. Domestic substitution has become a major trend in the electronics industry, especially under the promotion of the current national policy, domestic substitution companies are gradually showing more advantages and opportunities. This will also have a profound impact on the electronics industry as a whole.
However, it is worth noting that the electronics industry is also facing a series of challenges while recovering, including intensified market competition, accelerated technological innovation and many other factors. Therefore, how to develop strengths and avoid weaknesses in the fierce market competition is a problem that every electronics company needs to think about.
As far as the development trend of events is concerned, with the deepening of the digital age, it is imperative to innovate and transform the electronics industry, which will also bring more variables and opportunities to the market. At the same time, the rise of domestic substitution will also have a far-reaching impact on the entire industry, which deserves further in-depth attention and research from the market.
As the electronics industry recovers, which companies will be able to quickly adapt to changes in the market and seize innovation opportunities? And which companies will stand out in the tide of domestic substitution? We look forward to the active participation and in-depth discussion of all readers.