2024-12-29-PitchBook-2025工业技术展望（英）_17页_557kb

报告摘要

Boeing's production delays and strikes (including a 53-day machinist strike) will prolong supply chain shortages, increasing demand for aircraft parts and maintenance, repair, and overhaul (MRO) services.
Deal activity in parts and MRO remains strong, with 74 aircraft parts deals and 19 MRO deals in 2024, expected to continue in 2025 due to Boeing's slow recovery and strong commercial aerospace demand.
Risks include slower growth if Boeing ramps up production ahead of projections, and a shift in focus to specific parts and MRO for the 737 MAX.

Erosion of the free-trade regime, including threats of tariffs, increases demand for supply chain tracking, visibility, and alternative sourcing tools.
Supply chain volatility, driven by trade restrictions and geopolitical factors, favors adoption of real-time tracking solutions and digital twins for optimization.
Risks involve reduced urgency if tariffs don't materialize, and customer caution in a post-pandemic environment.

Competition for low-carbon energy, particularly from datacenters and AI growth, delays carbon capture and green chemical production projects.
VC investment remains strong, with deal value exceeding 2023 levels up to Q3 2024, but renewable energy capacity additions may ease competition.
Risks include potential project delays and cancellations, especially in direct air capture (DAC), due to high energy costs from data-intensive applications.

VC deal value declines for lithium batteries, while non-lithium chemistries like sodium-ion see growth due to lower costs and abundant materials.
Lithium battery segment faces headwinds from slowing electric vehicle sales and competition for production resources.
Outlook highlights increasing US hydrogen tech acquisitions in clean energy, though policy shifts may favor fossil fuels.

US President-elect Donald Trump's potential mass deportations will drive investment in farm automation to address labor shortages, expected to surge demand for AI-driven robots, satellite analytics, IoT sensors, and farm management software.
Key technologies include robotics for tasks like planting and harvesting, supported by advancing capabilities and increasing market valuation, with risks from high upfront costs for small farms.

Underappreciated subsectors: Voluntary carbon market and geothermal technologies due to lower margins.
At-risk incumbents: Legacy providers in agtech and aerospace face disruption from startup innovations.
Investment opportunities: Focus on non-lithium batteries and autonomous farm robots for high-growth potential.

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