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The global MLCC market is expected to experience slow growth in the coming years, with demand driven by applications in smartphones, automotive electronics, and PCs. However, the uncertain political and economic climate is leading OEMs and ODMs to adopt a conservative outlook, and MLCC suppliers are facing lower-than-expected demand and are focusing on strict control of production capacity and inventory levels. Despite these challenges, Japanese suppliers Murata and Taiyo Yuden are competing aggressively for orders, while Samsung and Yageo have reduced the prices of their high-end MLCC products. As a result, TrendForce believes that suppliers' breadth of product applications and the financial resilience of their operations will be critically tested in 2024.

New energy passenger vehicle sales in China maintained a strong growth trend in October 2023, driven by continuous consumption promotion policies and the sustained stabilization of the economy. Leading new energy companies continue to expand their market advantage, with some leading companies strongly performing month on month in October. CPCA estimated that wholesale sales of new energy passenger vehicles in 2023 will reach 8.5 million units, with an annual penetration rate of 36%.

The Chinese video cloud market declined by 7.0% year-on-year in the first half of 2023, to 4.62 billion USD. This decline was attributed to the slowing growth of post-pandemic end-user entertainment demand and industry clients reducing IT expenditure. Despite the overall decline, there were some positive trends in the market. For example, the export of audio and video products and services is bringing more growth, and new trends have emerged in the application and implementation of audio and video products in traditional industries.

Semiconductor Manufacturing International Corporation has raised concerns about a looming global oversupply of semiconductors, attributing the situation to escalating geopolitical tensions. The company anticipates a further decline in semiconductor prices in the coming months, citing an oversupplied market and slowing demand from key customers. This development could have a significant impact on the global semiconductor industry, potentially leading to price reductions, consolidation among chipmakers, and disruptions in supply chains.

The global hardware security module market is expected to experience significant growth over the next decade, reaching a value of $5.2 billion by 2032, driven by increasing cybersecurity concerns and the implementation of stringent data privacy regulations. Fueled by the rising demand for robust data protection measures, the adoption of cloud computing and IoT devices, and the growing awareness of the importance of data security

The ever-growing complexity of AI and ML models demands continuous memory processing that can span months or even years. This insatiable appetite for data stems from the need to train AI models on increasingly massive datasets to achieve higher levels of accuracy. With the exponential growth in model learning, HBM memory chips have kept up with the pace to support the development of AI/ML.

The global EV battery market boomed in the first half of 2023, with sales growing 54% year-over-year to over 300GWh. The rapid growth of the EV battery market is being driven by strong demand for EVs in key markets. This growth is expected to continue in the coming years, as more and more consumers switch to electric vehicles. Counterpoint Research forecasts that annual EV battery demand will reach 4TWh by 2030.

The National Highway Traffic Safety Administration (NHTSA) has issued recalls for Cruise autonomous vehicles and specific Tesla models. Both companies are taking steps to address the recalls, with Cruise releasing a software update to fix the Collision Detection Subsystem issue and Tesla contacting affected vehicle owners to schedule service appointments for airbag inspection and replacement. These recalls serve as a reminder that even the most sophisticated automotive technologies are not without potential risks

The global cellular IoT module market saw a 3% year-on-year decline in Q2 2023, driven by lower demand and weaker economic sentiments. Most segments experienced a sharp drop in shipments, with the exception of the top three applications: smart meters, point of sale (POS) devices, and automotive. These three applications accounted for about 51% of the market in Q2 2023. India was the only market to register positive shipment growth for the quarter.

Global silicon wafer shipment growth is expected to rebound in 2024, after a decline this year. The semiconductor industry association SEMI projects that shipments will decline 14% in 2023, to 12,512 million square inches (MSI) from the record high of 14,565 MSI in 2022. However, SEMI predicts that shipments will bounce back next year as wafer and semiconductor demand recovers and inventory levels normalize.