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Terminal Market Insights And Opportunity Analysis For Components | 202606

Chip Eight Brother 2026-07-01 18:51:13

Market Headlines

AI computing power and electrification are the main drivers of semiconductor market growth, while photovoltaics remain under pressure in the short term.

Electronic Components Supply Chain Market Headlines Review

Source: Latest information from various companies, organized by Chip Brother.

Market Data

Import and Export of Chips and Electronic Products

(1) Chips: Memory imports and exports continued to grow rapidly.

From January to April 2026, in terms of chip product trade, China's import and export values reached 182.13 billion and 103.71 billion USD, respectively, with year-on-year increases of 47.7% and 83.5%. In terms of specific categories, memory products accounted for a significant proportion, with both imports and exports growing by over 185% year-on-year.

Import and export growth rate of China's chip products from January to April 2026.

Source: General Administration of Customs, organized by Chip Bage.

(2) Electronics: Exports of low-end manufactured goods declined

From January to April 2026, the import and export values of electronic products reached USD 267.14 billion and USD 318.66 billion, respectively, up 45.6% and 33.9% year on year, with a trade surplus of USD 51.25 billion.

By subcategory, China’s exports of mid- to high-end products increased by more than 83% year on year, while low-end manufactured goods showed negative growth.

Growth rate of China's electronic products imports and exports from January to April 2026

Source: General Administration of Customs; compiled by Xinbage.

2. Major end markets

In May, the entire consumer electronics value chain declined sharply under the drag of rising memory prices, while color TVs and air conditioners came under pressure from weak domestic demand; robots, energy storage, and new energy vehicles continued to see high growth.

Year-on-year growth rates of major end-product output in May

Sources: National Bureau of Statistics, Ministry of Industry and Information Technology, Wind, compiled by Chip Bro.

(1) Consumer Electronics: Weakness Across the Board Due to the Impact of Memory Storage

The crisis in storage chip costs is a core drag, prompting manufacturers to actively cut production and reduce inventory.

Specifically, China’s smartphone production in May was 87 million units, down 8.8% year-on-year.

Smartphone production and growth rate in China by May 2026.

Source: Statistics Bureau; compiled by Xinbage

In May, China's production of smartwatches reached 5.442 million units, a year-on-year decrease of 24.2%.

China's smartwatch production and growth rate as of May 2026

Source: National Bureau of Statistics, compiled by Chip Brother

In May, China’s service robot output reached 1.972 million units, up 19.8% year on year.

China's service robot output and growth rate through May 2026

Source: National Bureau of Statistics, compiled by Chip Brother.

In terms of complete electronic computers (including PCs and servers, etc.), China’s output in May was 25.415 million units, down 18.8% year-on-year.

China Electronic Computer Complete Machine Output and Growth Rate as of May 2026

Source: National Bureau of Statistics; compiled by Chip8go

(2) Automobiles: Traditional fuel vehicle production under pressure

Traditional fuel-powered vehicles continue to shrink, with their market share increasingly squeezed by new energy vehicles.

Specifically, in May, China’s automobile production and sales reached 2.582 million and 2.629 million units, respectively, down 3.2% and 2.1% year on year.

China's automobile production and sales volume and growth rate as of May 2026.

Source: National Bureau of Statistics, China Association of Automobile Manufacturers, organized by Chip Bage.

In terms of new energy vehicles, China’s production and sales of new energy vehicles in May reached 1.489 million and 1.496 million units, respectively, up 17.8% and 14.4% year on year.

China's new energy vehicle production and sales volume and growth rates as of May 2026

Sources: National Bureau of Statistics, China Association of Automobile Manufacturers, Chip8ge Compilation

(3) Industrial Robots: Accelerated Intelligent Transformation

Industrial robot production reached 101,000 units, up 27.9% year-on-year, indicating that manufacturing automation retrofitting is entering a period of concentrated implementation.

China's industrial robot output and growth rate as of May 2026

Source: National Bureau of Statistics, compiled by Chip Bago.

(4) New Energy: Energy Storage Is the Core Incremental Driver

Deep capacity reduction in the photovoltaic industry, coupled with subsidy policies for energy storage in Europe and the United States, is driving a surge in overseas orders.

Specifically, China’s photovoltaic cell output in May was 66.2 GW, down 20.4% year-on-year.

China’s solar cell output and growth rate up to May 2026

Source: National Bureau of Statistics, compiled by Xinbage

In terms of power and energy storage batteries, China’s output in May was 192,000 MWh, up 55.2% year on year.

China's power and energy storage battery output and growth rate as of May 2026

Source: Statistics Bureau, compiled by Xinbage

(5) Communication Equipment: Iterative Downtime

In May, China’s production of mobile communication base station equipment totaled 388,000 units, down 10.6% year on year. The industry is in an iteration gap period, with relatively few orders.

As of May 2026, the production volume and growth rate of mobile communication base station equipment in China.

Source: National Bureau of Statistics, compiled by Chip Eight Brother

(6) Home Appliances: Order Divergence Continues

Affected by export orders and domestic demand, manufacturers are controlling production to stabilize prices.

Specifically, China’s color TV output in May was 13.17 million units, down 12.2% year on year. The market is relatively saturated.

China's color TV output and growth rate as of May 2026

Source: Bureau of Statistics, compiled by Chip Brother Eight

In May, China’s air conditioner output reached 27.048 million units, down 3.3% year-on-year, with channel inventory remaining relatively high.

China's air conditioner pre-production volume and growth rate as of May 2026

Data source: Statistics Bureau, compiled by Chip8ge

In May, China's refrigerator production reached 10.091 million units, a year-on-year increase of 13.8%.

China’s refrigerator production and growth rate as of May 2026

Source: Statistics Bureau; compiled by Xinbage

In May, China’s washing machine output reached 10.123 million units, up 8.5% year-on-year.

China’s washing machine output and growth rate as of May 2026

Source: Statistics Bureau; compiled by Xinbage

Industrial policy

Export barriers for semiconductors and new energy vehicles continue to rise, increasing supply chain uncertainty.

June Review of Electronic Components Industry Policies

Source: Compiled by Chip Brother

Industry Insights

AI computing power is crowding out storage capacity and pushing up the prices of consumer electronics terminals, while the automotive industry is fully electrifying and the benefits of going global are becoming increasingly evident.

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Terminal Market Insights And Opportunity Analysis For Components | 202606

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