XTG’s president and TTI’s SVP of business development, Michael Kennedy, counters a lack of certainty over coming months with justification for optimism in many tech sectors.
I have spent the last several weeks meeting with our global leadership teams for the Exponential Technology Group (XTG) companies to discuss forecasting for 2025. The one thing that has been clear from those discussions is there is very little certainty regarding what is ahead. The inventory overhang in semiconductors is still an issue and likely will persist for at least some customers through the first half of 2025. This, combined with the challenges in the EMEAeconomies, slow growth in China and conservative US outlook, driven by election uncertainties, are additional issues casting a shadow over 2025.
All this being said, I do still believe there is justification for some optimism. The defense, aerospace and space markets look to remain strong for years to come. Transportation should continue to be stable, and there are green shoots in a number of medical applications. And of course, there is still AI, and the acceleration of investments in the quickly evolving space, which is driving strong demand for memory and AI chips, plus all the other technologies required for building out data centers.
While the early bird may catch the worm, I believe the companies which implement and maintain consistent go-to-market strategies, demonstrating value to customers and suppliers alike, will be the victors, regardless of the market conditions.