十三五期间，机械化部队和装甲兵进入大规模换装黄金时期：现阶段，陆军现役老旧装备众多，这些装备已经不能满足现阶段对于武器装备的需求，‚十三五期间陆军将迎来大规模换装。经测算，这个期间，坦克与装甲车辆换装市场的总空间将高达 3,000亿元。

UAVs are commonly referred to as drones or remotely piloted aircraft. These vehicles are either operated by remote control from the ground or by onboard computers. Conventional UAVs range from large-sized UAVs employed for tactical missions and powered by an internal combustion engine, to small electric-powered UAVs. However, new technologies have been entering the market over the last decade. Of late, photovoltaic cells, hydrogen fuel cells, and hybrid-electric propulsion engines are increasingly used to power these UAVs.

Airline companies across the world seek to refurbish their aircraft with the latest upgrades to improve their operational efficiency, increase the lifespan of aircraft, and to perform cost-effective operations. Depending on the type of aircraft, different kinds of upgrading and modernization can be carried out on avionics as well as in aircraft cabin interiors like seats, galley, food storage equipment, windows, windshields, lavatory, and aerodynamic retrofit. Development of lightweight materials with the use of titanium has also led the airlines to achieve optimum payload to range ratio of an aircraft.

截至41 周原油油价Brent49.80 美元/桶（1.55%）；WTI 收于50.79 美元/桶（4.06%）。2016 年9 月美元兑人民币汇率为6.6778，和上月对比涨幅为0.19%，年初至今变化为-2.84%。2016 年9 月100 日元兑人民币汇率为6.6012，和上月对比涨幅为-1.50%，年初至今变化为-22.53%。

大疆 Mavic 无人机自发布以来获得市场普遍关注，并再次引发对无人机市场的广泛讨论。继我们日前发布的深度报告《大疆 Mavic：突破自我，引领潮流》，我们在本篇报告中对市场最关心的 6 大问题进行解答，并对消费级无人机产业链进行系统性梳理，发掘全 产业链的潜在投资机会。我们再次强调，大疆 Mavic 是极具革命性的划时代产品，对于当前消费级无人机市场的冲击与影响极为深远，对工业级乃至军用无人机都具有极大启发性。

The global motorcycle industry consists of two categories of motorcycles based on the number of wheels: Two-wheeled conventional motorcycles. Trikes with three wheels The traditional two-wheeled motorcycle dominates the market because these machines are engineered with tested and proven mechanisms and offer significant mileage. Another type of vehicle is the trike. This vehicle was introduced during the last decade, but mostly focused on three-wheeled counterparts to motorized trikes.

A supersonic business jet (SBJ) is a small business private carrier, which can accommodate 10 to 12 passengers and can fly at a speed of more than Mach 1. It efficiently reduces the travel time to half, as compared to other conventional business aircraft. Currently, aviation experts such as Airbus, Lockheed Martin, Aerion, HyperMach, and Gulfstream Aerospace develop supersonic business aircraft.

公司基于多金属复合材料解决方案，多点开花，逐步从军工、航天航空向民品拓展： 公司军工钛材实现从无到有，同时民品化开始确定性提速，多个市场高达百亿以上空间。