我们预计2019 - 2020年铁路投资将至少保持稳定。  我们重申铁路设备行业的增持评级。我们认为该行业受益于铁路投资上升和铁路改革加速带来的需求增长的机会。 中国中车(1766.HK)仍是我们首选的铁路设备股。我们重申对该股2019年盈利增长前景的正面看法，预计其核心铁路业务收入增速将回升，同时利润率将进一步扩张，从而推动其2019年盈利加快增长。

Competitive landscape provides an organization the means to understand its key business strategies in the industry, its current competitors and potential future competitors that might have made their way into the market. In order to lead the market as well as engage in the process of market growth, a company needs to bring new products and services to the industrial arena, technologically update the existing products, collaborate with other top market leaders, and acquire companies to further strengthen its market position. This chapter discusses in detail, the latest strategies & developments adopted by the key market players in the automotive LiDAR industry.

2017年国内FPC市场销售额占据全球市场的36%，国内正在逐步成为FPC市场主要供应地区。日韩企业开始聚焦一系列细分领域产品，韩国以显示面板料号为主；日本企业由于成和终端制造集中在国内，其土生产 示面板料号为主；日本企业由于成和终端制造集中在国内，其土生产 示面板料号为主；日本企业由于成本和终端制造集中在国内，其土生产 FPC 不具备市场竞争力，纷调整产品结构，调高汽车FPC 销售占比。