An automotive motor is designed to translate a type of energy (such as electric) into mechanical energy. The combination of mechanics and electronics has led to incorporate increased number of motors in vehicles, owing to their comfort and convenience features. Automotive motors have applications in electronic power steering, seating control, electric vehicles drivetrain, and others. The automotive motors market is driven by factors such as increase in global vehicle production, high demand for safety & convenience features, and rise in demand for electric vehicles. However, increased weight and cost of the overall system restrict the market growth. Moreover, wide number of applications employing the use of electric motors and the concept of autonomous cars create lucrative growth opportunities for the market.

Automotive fabric in the vehicle’s interior increases the interior feels as well as vehicle safety. It has properties such as cold cracking resistance, high durability, UV rays stable, easy to clean, and helps in minimizing fatigue. Automotive fabrics, such as headlining, truck lining, and spray adhesive, are used to repair or replace the spoiled interior surfaces. Automotive fabric includes interior components of vehicles such as headliners, cockpit modules, door panels, automotive seats, flooring, vehicle acoustics, and others. Furthermore, the market is segmented into fabric type, application, vehicle type, and region.

Automotive ceramics are advanced inorganic ceramic materials, that are currently being employed for producing key automotive components, to cater to specific applications. Their combination of physical and thermal properties make them an ideal choice for thermal management, wear & tear, and automotive electronic components. Ceramic materials can be engineered or processed through various techniques into components and coatings. Coatings of ceramic materials on metal is done for increased thermal barrier protection of metal parts, mainly in the engine block. Technical ceramics majorly include zirconia, alumina, and silicon carbide, it is commercially available in various grades.

Automotive differential is a part of front and/or rear axle assembly that plays an integral role in a vehicle and is designed to allow moving of wheels at different speeds. It is a part of automotive driveline, which transmits the desired torque and power to the wheels to perform driving operations. The primary function of this system is to provide proportional RPMs between two connected wheels. For instance, when a vehicle goes around the corner, the outside wheel must travel faster than the inside wheel. The differential distributes equal amount of torque to both the wheels. In addition, this system provides wheels with resistance and traction. Moreover, sale of differential assemblies is directly driven by automotive production activities across the globe. These procurements are completed through contracts and agreements between original equipment manufacturers and differential assemblies’ manufacturers.

OEMs are exploring both mono cameras and stereo cameras today. Mono-cameras are currently the primary computer vision option for specialized driver assistance systems due to their low price point and lower processing requirements (ADAS). Mono-cameras, all with reasonable precision, can do many things fairly well, such as distinguishing lanes, pedestrians, traffic signals, and other vehicles in the car's direction. The monocular system is less reliable in calculating the 3D view of the world. Stereo cameras can receive the world in 3D and provide an element of depth perception due to dual lenses.

Amphibious vehicles refer to wheeled or tracked vehicles capable of operating on both land and water. Different amphibious vehicles are commonly use as busses, trucks, hovercrafts, aircrafts, tanks, and military combat vehicles. The amphibious vehicles are primarily used by the military forces across the globe to secure the sea borders from increasing conflicts via sea and to transport military troops from ship-to-shore. In addition, amphibious vehicles are widely used for surveillance, rescue, excavation, water transportation, water sports, and recreational activities.

根据我们的观察，汽车综合诊断是第三方维修不可或缺的环节。道通科技作为综合诊断仪龙头，有望长期受益于第三方维修崛起的趋势，且确定性较高。短期来看，公司2020 年中发布的第三代综合诊断仪产品（高客单价）将在2021 年持续向市场导入，综合诊断仪营收有望保持高增长。中长期来看，公司在智能诊断产品保有量持续增长的背景下，提升海外用户付费升级率，推出智能引导式维修服务，尝试在国内进行软件收费。对标海外可比公司，我们认为，公司综合诊断仪的软件业务收入占比有望继续提高，达到50%以上。