Structural health monitoring (SHM) refers to collection and analysis of data collected through a wide array of connected sensors during the service life of a structure or equipment. It is non-destructive and continuous method of identifying and quantifying the deterioration state of the object to predict the necessity of repair and maintenance.

This chapter of the report includes insights on industry dynamics, trends, upcoming technologies, recent developments, and market analysis of applications for the smart lighting system, including residential, industrial, commercial, outdoor, and automotive. The following info-graph gives the complete coverage of the applications where smart lighting is used.

The healthcare information technology sector has been experiencing strong growth in recent years. In specific, global digitization and new technological opportunities have played a major role to drive the growth of the sector. The healthcare IT sector involves a broad range of products and solutions that are widely contributing to more efficient and effective healthcare infrastructure. The industry trends that are fuelling the demand in the healthcare IT industry include artificial intelligence, telehealth services, individualized medical care, virtual reality, automation, and digitalization.

Over the last few years, headphones have undergone major technological transformations in their appearance, sound output, portability, and connectivity due to advancements in manufacturing and audio technologies. The evolution of headphones is a form of the mobile revolution that started at the beginning of the millennium, and the trend has continued in terms of minimizing the size while improving the sound quality as well as playback time.

从地产数据来看，房地产销售情况良好，虽然 4 月单月全 国住宅竣工面积有所下滑，但从长期来看，单月的下滑不足以扰动长 期修复趋势。面对原材料价格上涨，龙头企业抵御风险能力更强， 龙头企业一方面积极进行内部管理降费提效，另一方面加快优化产 品结构、提高产品价格以缓解成本上涨压力。

信创产业长期成长逻辑清晰，国产化生态体系初步形成。信创产业即信息技 术应用创新产业，旨在用我国自主研发的基础软硬件产品实现对国外 产品的替代。基础硬件夯实生态建设基础，芯片国产化进程迈入快车道。基础软件赋能产业链上下游，海外厂商垄断格局逐步打破。基础软件主要包括操作系统、数据库、中间件等。

过去两周（05.10-05.23），沪深300 上涨2.76%，电子行业上涨2.44%，跑输沪深300 指数0.32 个百分点；其中，半导体板块上涨3.57%，电子制造板块上涨4.35%，其他电子板块上涨2.20%，光学光电子板块上涨0.91%，元件板块下跌2.27%。

电子行业于 2020Q1-2021Q1 成功实现了疫后业绩的高速增长，板块业绩 位于全行业中部靠前位置。终端智能化趋势加速、疫后云经济发展加速、 半导体国产替代和下游产业需求全面爆发等因素共同带动相关赛道公司 营收和净利润猛增。

需求：总量无忧，价格博弈影响释放节奏。产业链：组件盈利有望回暖，逆变器龙头盈利乐观。新技术：HJT 研发与产业化持续推进。光伏终端供需僵局有望打破，产业链价格上涨对需求节奏的影响大于对 需求总量的影响，对终端需求无需过度悲观。组件盈利能力有望触底回 升并进入向上通道。

虽然 L4+级别的自动驾驶技术成熟度仍有待验证，自动驾驶方面的监管、法律、责任划分等方面仍有相当多问题有待解决。但 L4 级别自动驾驶技术的 最新发布，代表了自动驾驶领域一次新的技术突破。真正的超越了单车智能 的模式，通过车-路-云配合实现自动驾驶，而且拥有比单车智能更高的安全 性和更长的产业链。

2021年4月，传统LED下游持续复苏，Mini LED量产进程加快，大部分厂商业绩仍然向好，相较于去年同期受疫情影响，今年月多数厂商同比增幅较大。上游芯片厂晶电4月营收同比+48.08%，正加速扩产Mini LED；中游封装厂亿光4月营收同比+6.78%，光耦合器等产品需求持续强劲，部分产品价格调涨，量价齐升；荣创4月营收同比-28.12% ，主要系IC等缺货限制公司实际产能；台表科4月营收同比+55.06% ，凭借其领先的SMT技术打入大客户Mini LED供应链，量产进程加快将持续贡献营收；下游应用市场中，隆达4月营收同比-20.82% 主要并受供应链整合影响；主营LED车灯照明的联嘉光电4月营收同比+298.63%，去年疫情下需求疲软，欧美疫情缓和订单回暖；主营LED车灯模块的丽清4月营收同比+25.92%，中国大陆车市需求强劲带动车灯模组产品需求上升。目前，海外部分地区疫情缓和，整体看全球经济长期复苏趋势不改，料将促进各公司业绩回暖，往后更有望长期受益于Mini/Micro领域带来的发展机会，我们看好2021年Mini LED实现规模商用带来的增长契机。