2016年，我们判断在宏观经济增长继续减速的背景下，机械行业需求维持低迷的概率较大，但随着供给侧或成本端改善，企业内行性的业绩下滑压力可能减弱，然而，企业寻求的增长方式仍以外延并购为主导。在IPO开闸、股票供给加大的背景下，企业的转型升级进入攻坚期，需防范两方面的风险：一是并购未完成但预期已有所反映，二是并购方向滞后导致估值承压。

随着社会经济的飞速发展，城镇化水平不断提高，随之带来的急剧扩张的城市人口、不断攀升的机动车拥有量，都对城市有限的土地和资源提出了挑战，导致交通拥堵、空气污染等严重的社会问题，已经成为制约现代城市发展的一个世界性难题。大力发展公共交通，以公共交通代替私人交通，已成为各个城市解决交通问题的着力点。其中，与其他公共交通方式相比，城市轨道交通具有单向运力大、低能耗、少污染等特点，已成为解决“城市病”的金钥匙。世界各国普遍认识到：解决城市交通问题的根本出路在于优先发展以轨道交通为骨干的城市公共交通系统。

研究内容是中国轨道交通的产业情况。轨道交通包括普通铁路、高速铁路和城市轨道等几大领域。本报告研究对象以及产业规模统计数据关注轨道交通的车辆整车制造、车辆零部件制造和外围部件制造等环节，包括轨道交通的产业规模、通车里程等数据。

尽管二战结束后日韩军工曾严重落后，但凭借模仿创新与国际合作、寓军于民与军民合作，日韩军工快速赶超。 我们对日韩军工发展逻辑进行梳理，对日韩代表性军工企业的发展驱动力进行分析，以期从中探索我国军工投资新方向。

在深度城镇化和车辆机动化发展引致的城市交通拥堵和空气污染日益严重的压力下，城市轨道交通对经济的拉动作用，引起我国各城市的广泛关注。并且随着2013年5月国家发改委对城市轨道交通审批权的下发，我国城市轨道交通正经历一个前所未有的蓬勃发展期，中国已经成为世界上最大的城市轨道交通建设市场。与此同时，城市轨道交通产业配套不足、城轨车辆产能过剩、运营亏损严重等问题，对我国城市轨道交通产业的发展有一定的制约作用。因此，通过梳理城市轨道交通产业发展现状，理清城市轨道交通发展脉络，对我国城市轨道交通发展战略进行研究，对于促进我国城市轨道交通产业健康持续发展，有一定的现实意义。赛迪顾问持续跟踪城市轨道交通产业发展，追溯城市轨道交通产业链上的各个环节，对其发展趋势进行研究，旨在为国家和地方提前进行城市轨道交通产业布局和产业决策提供参考。

中国作为世界第二大经济体和第一人口大国，制造业是国民经济的主体，是立国之本、兴国之器、强国之基。打造具有国际竞争力的制造业，实现从工业大国到工业强国的跨越，是我国提升综合国力、保障国家安全、建设世界强国的必由之路。要成为工业强国，必须大力发展高端制造业，而高端装备制造业正是高端制造业的基础和重中之重。《中国制造 2025》 明确指出 不仅要推动传统制造业的转型升级和健康稳定发展， 还要在应对新技术革命的发展当中，实现高端化的跨越发展。

International air cargo demand, measured in freighttonne kilometers (FTK), jumped by 20.5% in February,outpacing the 12.6% increase in offered freight capacity and increasing the average international freight loadfactor by 4.2 percentage points to 65.2%.

Video surveillance systems in aircraft are used for ground maneuvering during taxi operations, cabin and external security, monitoring of commercial and military aircraft refueling, and flight crew observation of aircraft control surfaces. Commercial aircraft video surveillance systems perform two functions: cabin surveillance and cockpit door surveillance.

Concerns over port security have been increasing in line with the rising number of seabased terrorist attacks, such as the 2008 attack in Mumbai, India, and the general rise of piracy in the Gulf of Aden. This has prompted countries to modernize the landing craft and equipment used by their respective security agencies. Amphibious landing craft have the ability to patrol coastal areas and help security agencies counter national threats, such as smuggling, drug trafficking, human trafficking, and maritime piracy and terrorism.

Flight navigation systems and equipment are used to control an aircraft. These systems include autopilot, sensors, flight management systems, global navigation satellite systems (GNSS), automatic direction finders, and other equipment that helps in navigating an aircraft. Navigation systems depend on the instrument flight rules IFR) or visual flight rules (VFR) while operating in the air.

An unmanned sea system is a remotely controlled or pre-programmed autonomous water vehicle used by naval forces for surveillance and underwater mapping missions such as clearing mines. It can be classified into USV and UUV.

Tower cranes are mostly used in the construction of high-rise building projects wherein they lift loads of around 20 tons and can reach up to 230 feet high. These are well suited for duties such as heavy lifting and the placing of materials on the construction site. The biggest advantage of tower cranes is that they can be operated in tightly confined areas and provide a large picking radius.

Aerospace fasteners have evolved over the years with the continuously transforming aerospace industry. They are widely used in commercial and military aircraft, ballistic missiles and rockets, and also offered in aftermarket service. The aerospace industry makes use of a wide range of fasteners such as bolts, nuts, screws, rivets, pins, and hi-locks.