TrendForce：2025年AI需求驱动电子产业强劲增长 预计明年增长动能将趋缓

Group 1 - The global electronics industry is expected to show divergence in 2025, with AI Server demand driven by data center construction standing out, while traditional consumer electronics like smartphones, laptops, wearables, and TVs face growth challenges due to high inflation, lack of innovative products, and geopolitical uncertainties [1][2] - A significant advance ordering phenomenon is observed in the electronics supply chain for 2025, with shipments of servers, tablets, laptops, monitors, and automotive products shifting from the traditional peak season in the second half of the year to the first half, leading to a near 50:50 shipment ratio for the year [1] - AI Server shipments are projected to increase by over 20% in 2025, as cloud service providers focus capital expenditures on high-end NVIDIA GPUs and self-developed ASIC chips, which may crowd out the budget for general-purpose servers [1] Group 2 - The edge AI topic has cooled compared to the booming cloud AI, with brand manufacturers attempting to incorporate AI features into end products, but still remaining in the marketing phase without killer applications [2] - Shipments of smartphones and laptops are expected to remain flat or grow by only 1-2% in 2025, while TV shipments are projected to decline by 1.1%, and the wearables market may face a contraction of 2.8% [2] - In 2026, most consumer product shipments are anticipated to remain flat or show mild growth of around 1%, with potential declines in wearables and automotive markets, indicating that the electronics industry will face challenges unless technological breakthroughs or compelling consumer applications emerge [2]