2015年全球智能手机增速进入个位数增长，2010年开始的智能手机大时代已经结束。

从今年的CES 消费电子展可以看出，无人驾驶技术、电动汽车大放异彩。目前世界相关厂商都在积极推进无人驾驶与电动汽车，芯片厂商英伟达推出新一代自动驾驶平台；福特推出新一代电动车，并着力打造智能移动；乐视推出概念电动跑车、宝马推出智能概念车，大众推出电动概念商务车。

服务机器人进入爆发初期。工业机器人在人口红利下降、劳动力成本上升的背景下以“机器换人”的逻辑最先发展起来，而随着人工智能、互联网技术的发展，机器人的功能多样化、消费属性增强，“机器助人”将成为服务机器人的核心成长逻辑。2018 年全球服务机器人的销售额将达到 280 亿美元，CAGR 达 39%。目前我国机器人国产化率不到 30%，国内企业开始在核心部件上“破局”，未来将打破厂商垄断局面。

没有其他非正常因素的影响下，只要OPEC维持其产量不变，美国页岩油气商，以及其他深海等高成本产区仍将面临持续的去产能压力。在该过程结束前，原油仍将供过于求。在高库存的压力下，其价格难以回归高位。

服务机器人进入爆发初期。工业机器人在人口红利下降、劳动力成本上升的背景下以“机器换人”的逻辑最先发展起来，而随着人工智能、互联网技术的发展，机器人的功能多样化、消费属性增强，“机器助人”将成为服务机器人的核心成长逻辑。2018 年全球服务机器人的销售额将达到 280 亿美元，CAGR 达 39%。目前我国机器人国产化率不到 30%，国内企业开始在核心部件上“破局”，未来将打破厂商垄断局面。

企业级服务 SaaS 始于 90 年代末，最早在美国出现。过去十年间，优秀的 SaaS企业商业模式逐渐成熟，相关上市公司获得资本市场认可，市值快速扩张。美国已上市的 SaaS 公司总市值达到 2000 亿美元。2015 年下半年，国内对 C 端的互联网服务已迈入兼并整合、资本退出阶段。而同时，针对 B 端的企业级服务公司频频受到一二级资本的青睐。基于此，我们将推出企业级服务的系列报告，更深入的研究这一领域。

从投资规模来看，处于千万级人民币的项目数38.85%；处于亿级人民币的占34.91%。

分析业绩与股价的关系后，我们认为在 16 年电子行业将形成分化，业绩与股价有望高度正相关，建议关注的个股有三类：1、15 年涨幅排名后三分之一的个股；2、16 年业绩预计增速较高，且估值目前处在行业中间水平的个股；3、并购转型预期强烈的公司。重点关注组合：后三分之一组合：大华股份、歌尔声学、兴森科技、艾比森；估值行业中游业绩高增长组合：信维通信、先导智能、南大光电、欣旺达、兴森科技、艾派克、洲明科技、振华科技、水晶光电、火炬电子、江海股份；低估值高增长组合：艾比森、金龙机电、长盈精密、大华股份等。

从CES 的场馆布置和产品火热程度看，VR 技术达到了历史上的新高潮。这次参展的VR 厂商除去令市场瞩目三大主流VR厂商索尼、Oculus 和HTC 的相关VR 产品之外，还引来许多VR 设备厂商同台竞技

Dishwashers help in the cleaning and washing of dishes and utensils. There are two types of dishwashers: built-in dishwashers and freestanding dishwashers. Unlike freestanding dishwashers, built-in dishwashers are connected to the flow of other kitchen accessories. Dishwashers not only help save time but also reduce wastage of water and energy significantly. The increased popularity of modular kitchens and the development of countertops and kitchen cabinets are boosting the sales of built-in dishwashers worldwide.

The spectroscopy technique is used to determine the mass, structure, and composition of the substance under consideration and provide an accurate solution for the same. In 2014, the global spectroscopy market was valued at $7.18 billion and is expected to grow at a CAGR of 5.87% during the forecast period. In terms of type, atomic and molecular spectroscopy accounted for 49.16% and 50.84%, respectively, of the total revenue in 2014. However, with more applications for molecular spectroscopy in the pharmaceutical industry, it is expected to grow at a higher CAGR of 6.47% compared to 5.24% growth in atomic spectroscopy.

An e-bike, commonly known as an electric bicycle, has an integrated electric motor aligned to the pedals of the bicycle, which supplies the differential force used for forward movement of the bicycle. Electric bikes use Li-ion chargeable batteries, which have a range of maximum 99.4 miles (160 km) in one single charge. These bicycles are available with battery types 8, 12, or 18 amp hours. According to the power delivered by the electric motor and electronic controller, e-bikes are classified as follows:

Wafer inspection equipment is used to inspect wafers during semiconductor wafer production to identify defects. This equipment is also used for R&D. The increase in the applications of semiconductor ICs in segments such as consumer electronics, automobiles, and industrial is prompting vendors to raise its production, increasing the demand for wafer inspection equipment. Wafer inspection equipment is used to detect defects on both patterned and unpatterned wafer (before lithography).