回收商业模式仍需不断完善。国内产业链整体回收体系仍需构建，工信部发布的第一批符合动力电池综合利用行业规范的企业仅有5家。目前动力电池回收市场较为规范的参与者包括动力电池（或材料）生产商、专业第三方回收企业、行业联盟等。目前国内主要参与电池回收的正规厂商多为第三方回收企业，且同车企合作开拓回收渠道，通过与汽车厂商合作，电池能够迅速返回回收工厂，我们预计未来产业链上下游战略联盟与合作将更加深入。

根据最新中金全球手机出货量预测，我们调整了舜宇，瑞声，立讯，歌尔，蓝思等主要手机产业链公司的盈利预测。扣除资产减值影响后，我们预测中国手机零部件行业2018 年利润倒退3%的基础上，2019 年预计增长27%。手机产业链里，我们看好手机配件，汽车电子，5G 通信、服务机器人等增量市场收入占比较高的公司（立讯，舜宇，歌尔），继续关注光学和机壳厂商如何把握利润和规模之间平衡（蓝思，BYDE），对声学器件（瑞声）保持谨慎。

第三方手机输入法：是指通过应用商店下载到的手机输入法如搜狗、讯飞、百度输入法等，与之相对应的是原生手机输入法，包括手机系统自带的输入法和手机品牌自己研发的输入法。

Solid state batteries are safer, more stable, and have higher energy densities as compared to conventional Li-ion batteries with liquid electrolytes. They are used in wide range of applications, including consumer electronics, electric vehicle, energy harvesting, medical devices, smart cards, and wireless communication. The global market has been analyzed based on revenue generated from the sales of commercialized solid state batteries. In addition, investment from industry giants such as Apple, Samsung, Volkswagen, and BMW has been analyzed for deriving the numbers.

The study of the smartphone 3D camera in this report emphasizes on various resolutions, and corresponding technology. Also, it covers the study of smartphone 3D camera market revenue in 2017 and its forecast till 2025. At present, smartphone is integrated with 3D sensors that can sense movements and enable the smartphone camera to capture precise dimensions of objects & environments. Smartphone 3D camera gains popularity among the young generation due to its attractive features such as real sensing of the object, HD clarity, and improved performance. Increase in adoption of smartphone is the key driver for the growth of the global smartphone 3D camera market. Whereas, high cost of smartphone 3D camera and compatibility concerns restrict the market growth.

This section provides an in-depth analysis of the different application verticals; wherein wireless charging is being used. With the constant evolving technology for wireless charging transmitters and receivers, wireless charging is bound to expand into many more application areas in the coming years.

This section discusses the key driving forces for the global CVD equipment market which are expected to enable its growth during the forecast period. The established presence of smartphones and tablets has been one of the major driving factors for the semiconductor industry. The impact for this driver is kept high for the next two to three years, owing to the rapid infrastructural development pertaining to this industry. Investments from the leading industry players and the growing semiconductor industry, due to factors such as autonomous vehicles, consumer electronics and Artificial Intelligence (AI) and IoT, among others, have fuelled the demand for semiconductor industry, which in turn is driving the growth of CVD Equipment Market. Furthermore, the chapter also discusses the restraining forces for the CVD Equipment Market.

以5G、人工智能、工业互联网、物联网为代表的“科技新基建”将成为经济增长的重要引擎之一。预计私有云专有云混合云成为吸纳投资资金的主要方向。来自政府、大型企业的私有云、专有云、混合云需求的快速提升和数据中心建设投入，对于各大2B 行业细分龙头，IaaS 硬件供应商，云服务厂商构成中长期利好。科创板启动有望成为科技类公司估值水平抬升的催化剂，2010 年创业板开闸已有例证。同时《公司法》修订鼓励上市公司回购，我们认为也将带来机制性机会。