Component Makers Sector Scorecard, Q3 2023 Update - Thematic Intelligence

Component makers will continue to face challenging times in the rest of 2023 as global economies struggle to cope with the fallout from the US-China trade war and the disappointing Chinese economic recovery post-COVID. The still-sluggish global smartphone and consumer electronics markets, coupled with continuing chip shortages, fractured supply chains, rising capital costs, and tighter credit markets make for a depressed sector. Only continued interest in AI offers a dim light at the end of the tunnel.

Batteries must help achieve significant climate change progress by 2040. The battery electric vehicles (BEV) market is growing strongly, albeit on very small volumes, and the US Inflation Reduction Act funding will boost the US BEV market in 2024. This strongly favors US-based BEV manufacturers, domestic or foreign, that do not use Chinese batteries or other Chinese components. LG Chem and Panasonic could do particularly well.

Scope

This sector scorecard provides a top-down, comprehensive outlook for the key players in the component makers sector over the next two years, based on the key themes set to transform their industry landscape.

Reasons to Buy

• Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
• The analyst's thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• The analyst has developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
• Our thematic engine tags over 145 million data items across five alternative data sets-patents, jobs, deals, filings, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.