The global economic downturn in 2023 took a toll on the components market, leading to inventory adjustments and price declines. As we enter 2024, with the global economy recovering and downstream application markets showing signs of improvement, the components market is expected to rebound overall. However, risk factors such as geopolitical tensions and the ongoing pandemic persist, and the accelerating pace of domestic substitution and inventory adjustments are adding to the complex and dynamic nature of the market.
