Vehicle-to-everything (V2X) is a wireless communications technology that aims to enable data exchange between a vehicle and its surroundings. In a V2X ecosystem, vehicles, mobile devices, and roadside equipment, among others, generate and exchange data, allowing them to alert the users about driving and environment conditions on the road. By leveraging V2X communications, the driving experience of drivers, pedestrians, and other vehicles is enhanced by the prevention of crashes, enhancement in traffic flow, reduction in transit trip times, and reduction in greenhouse gas emissions.

Radar is an electronic system, which measures the range and behavior of objects by transmitting an electromagnetic pulse at the object. High-power radar using large dish antennas has been used to measure distances to the moon and other planets, asteroids, and artificial satellites. In addition, radar systems are widely used in air traffic control, aircraft navigation, and marine navigation. For the purpose of analysis, the radar market is segmented into product type, platform, application, end user, and region. By product type, the market is fragmented into continuous wave radar, pulse radar, and others. On the basis of platform, it is classified into marine, air, ground, and space. The applications covered in the study include air traffic control, remote sensing, ground traffic control, and space navigation & control. Depending on end user, the market is differentiated into automotive, aviation, industrial, weather monitoring, military & defense, and others.

Metamaterials are made by integrating multiple elements made from composite materials such as metals or plastics and are engineered to produce properties that don’t occur naturally. Metamaterials are designed to interact and control electromagnetic and acoustic waves. The usage of these materials enables devices to achieve much higher performance and efficiency than conventional materials. Another significant advantage of metamaterials is that they allow the manufacturing of compact size devices. With the exponential growth of the 5G industry, metamaterials shall allow technology and design evolution thus providing a strong proposition for replacing conventional materials from 5G infrastructure in the near future. Metamaterials find its application in 5G antennas, autonomous vehicle’s mm-wave radars, lidars, wireless chargers, and vibration dampers. Several start-up companies are working on the development of metamaterials for various end-use applications. 

The compound semiconductors market holds a substantial scope for growth in the global market. Currently, it is in its growing stage; however, its contribution to the global market is expected to witness significant growth within the next six years. High cost associated with compound semiconductor wafer manufacturing is a major limitation for the market growth. However, recent innovations, which implant high efficiency and innovative features in smart devices, have enabled the technology to reach a wider audience base. Numerous players are entering the compound semiconductors market with innovative products. Emerging development in IoT and growth of autonomous products are expected to drive the market growth in the future.

In 2019, the global data center market witnessed strong growth in terms of IT infrastructure spending as well as announcements for the development of multiple large data center facilities with a power capacity of 50 MW on full build. The enterprise adoption of cloud-based services, big data analytics, and IoT services has been a strong force for data center investments in developing countries. The global data center market is mainly dominated by colocation providers, followed by internet and cloud service providers. Many cloud-based services providers are dependent on the construction of facilities by colocation providers to colocate space on a wholesale basis. In terms of hyperscale construction, Apple, Facebook, Google, AWS, Microsoft, Alibaba, Baidu, OVH, and China Telecom are investing billions of dollars in the market every year.

The automobile industry, since the last decade, has been undergoing systemic shifts in the context of engine downsizing, vehicle system electrification, pollution controls, accessibility and health. The market is in close accordance with the economic climate and customer confidence. After the subprime crisis of 2008, the market was experiencing a slowdown, with car prices plummeting between 2010 and 2012, along with big North American OEMs suffering financial difficulties. This emerged from the subprime crisis with car revenues in North America, hitting pre-recession rates. The US, North America's largest economy, has emerged from the subprime crisis and reported steady growth in GDP.

Electron beam physical vapor deposition (EB-PVD) coatings are formed by a thin film deposition technique called as electron beam physical vapor deposition (electron beam evaporation). It is one of the thermal evaporation processes where electrons evaporate the coating material and cause it to deposit on the substrate. On contact with the substrate, the evaporant condenses and forms thin film on the substrate. Coating produced by EB-PVD process is in the scale of microns (μm). Coating can be single layer or multi-layered as per the properties required in the substrate. EB-PVD coatings mainly function as a thermal barrier coating (TBC) for high temperature environments such as in turbine blades and automotive engine components. Moreover, EB-PVD coatings improve the optical properties of optical lenses and enhance corrosion resistance of medical devices and biomedical implants.

The global video surveillance market reported a revenue of $35.05 billion in 2019 and is estimated to reach $51.36 billion by 2025, at a growth rate of 10.06% during the forecast period, 2020-2025. With the proliferation of low-cost cameras and technical maturity in the networking techniques, it has become possible to install a large number of cameras economically without compromising on the quality of communication network. The wide application of such systems has been highly influenced by the idea of ensuring safety in banks, government organizations, educational institutions, retail buildings, and penitentiaries, among others.

The epitaxial wafer market for compound semiconductor holds a substantial scope for growth in the global market. Currently, it is in its growing stage, however, its contribution to the global market is expected to witness significant growth within the next six years. High cost associated with wafer manufacturing is a major limitation for market growth. However, recent innovations, which embed high efficiency and innovative features in smart devices, have enabled the technology to reach a wider audience base. Numerous players are entering the epitaxial wafer market for compound semiconductor with innovative products. Emerging development in IoT and growth of autonomous products are expected to drive the market growth in the future. The scope of the report discusses the potential opportunities for the market players to enter the global epitaxial wafer market for compound semiconductor. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. It features the strategies adopted by the key market players to maintain their foothold in the market.

The global AI-enabled imaging modalities market consists of numerous large-scale as well as smallscale manufacturers and vendors. Presently, with the increasing adoption of AI in healthcare, the manufacturers in the market have an ample number of opportunities to expand their offerings and to establish a strong foothold in the market. In the past years (February 2016 - July 2020), the market witnessed approximately 40 new offerings, 32 partnerships, alliances & business expansions, 27 regulatory & legal approvals, 13 funding activities, six mergers & acquisitions, and one procurement & sale. Most of the manufacturers in the market are incorporating collaborations and partnerships with not only other companies but also the university and research institutions as the key strategy to develop novel AI-embedded medical imaging systems and attain a strong financial position in the market.

The presence of an existing mobile network with significant coverage, low discontinuation, high output, and low cost, drives the usage of the cellular-connected drone. Therefore, while different technologies such as satellite communication and radiofrequency have been used for connectivity in drones after a proper establishment of required infrastructure, the existing cellular network system globally is the most cost-efficient and reliable alternative for drone connectivity resulting in long-range BVLOS operations. Drone operations were restricted to visual range only while using radio connectivity, whereas drones can fly in long range with cellular connectivity due to strong long-range connectivity.

根据Wind数据，截止2020年12月11日，电子行业（中信行业分类标准）今年以来累计涨幅45.20%，较上周下跌2.68%，在30个子行业中排名第6，较之前上升1位。其中，食品饮料、国防军工、电力设备及新能源行业位列涨幅前三，分别有66.99%、62.83%和59.31%涨幅。

受益于5G、汽车电子及消费电子旺季等因素驱动，半导体景气度高企，重点关注功率半导体投资机遇。受益5G、汽车电子及消费电子旺季等因素驱动，半导体产业链景气度较高，产业链公司接连发布涨价通知，重点关注功率半导体龙头斯达半导、华润微，细分赛道龙头：设计端卓胜微(射频)、兆易创新(存储)、圣邦股份(模拟器件)、澜起科技(内存读取芯片)；封测龙头长电科技；材料龙头鼎龙股份、安集科技等；设备龙头中微公司、北方华创等。

上周末的行业报告我们认为“所谓的春季躁动并未已经 到来”，因为之前一周主要是前期调整较多的龙头的反弹，而非趋势性 表现或产业基本面变化驱动。

2020年11月，国内政府端招标及中标金额分别同比-6%/+28%，其中招标端承压源于交通类项目落地节奏慢于去年同期，中标端仍保持加速落地节奏。本月招标端过亿项目8个，总金额20亿元，中标端过亿项目8个，总金额17亿元。2020年1~11月，政府安防项目招标及中标金额分别同比+10%/+27%，仍维持改善趋势（2020年前三季度招投标金额分别同比+11%/+21%）。展望全年：1）国内方面：政府端在“新基建”政策带动下今年下半年加速增长；商业端大企业加速数字化转型，订单韧性较足；渠道端与宏观经济高度相关，今年H1受疫情冲击较大，Q3以来需求快速反弹，后续若经济持续复苏则需求有望保持高景气；2）海外：全球疫情逐步得到控制，Q3环比迎来改善，欧美地区疫情反复，属于小范围的冲击，料不改长期复苏趋势。展望未来，疫情防控措施影响正逐步消退，看好行业需求持续复苏。此外，我们今年外发报告《安防行业+海康大华深度分析—驶入视频物联网大蓝海的安防王者》（2020-7-3），重点阐述传统安防产业向智慧视频物联转型的趋势和变化，结合行业发展趋势和厂商布局节奏，我们预计视频物联产业在近年有望迎来爆发，建议重点关注龙头公司海康威视与大华股份。

11 月13 日~12 月4 日，申万计算机指数下跌1.01%，全行业排名第24。11 月13 日~12 月4 日，上证综指上涨3.17%，沪深300 指数上涨3.21%，创业板指上涨1.12%，中小板指上涨0.93%，申万计算机指数下跌1.01%，落后上证综指4.18 个百分点，落后沪深300 指数4.22 个百分点，在申万一级行业中排名第24 位。

半导体设备的周期：本轮是朱格拉周期（设备投资周期）+国产替代周期+创新周期+库存周期，是四个周期的叠加，与上一轮以泛半导体为主的投资周期不同，这次是以集成电路投资为主线的全新机遇。

政策助力国货品牌化出海，跨境电商已成为我国外贸重要支柱。2019 年我国跨境电商市场规模已突破10 万亿，占全国进出口贸易规模33.29%，其中跨境批发、跨境出口占主导地位。政策加码，跨境综试区不断增加、通关流程逐步简化、无票免税等政策利好密集出台。从地域上看，我国跨境电商企业主要集中在东部沿海城市。从品类上看，我国传统跨境电商出口商品主要集中在相对低价、高频消费品，近年来高端制造出海成为新趋势，“中国制造”正在走向“中国智造”。

三大因素推动智能制造迎来重要拐点：（1）5G 技术赋能工业信息化，智能制造技术基础业已成熟；（2）用人成本逐步攀升，“用工荒”现象频频出现；（3）疫情彰显自动化生产意义，催化无人工厂加速落地。

近期，台积电、联电、世界先进三大代工厂将八英寸晶圆线代工价格调高,下游市场出现缺货情况，八英寸晶圆进入持续紧缺状态。国信电子观点：与2017 年原材料涨价拉动上行周期不同，本轮周期动因主要源于需求快速成长带来的供需失配。在供应端8 英寸晶圆产能扩充有限，家电、笔电、汽车等终端需求带动功率器件、电源管理芯片、CMOS、射频等模拟芯片需求端旺盛，产能紧缺情况拉动制造端进入新一轮上行周期。通过分析需求端趋势以及在建产能扩充情况，我们认为供需紧张局面仍将持续。核心重点推荐：华润微、斯达半导、中芯国际等优质龙头公司。