商业航天不同于传统政府、军工主导的航天工作，是以盈利为目 的，运用市场机制、遵循市场规律开展的航天活动。我们认为，航 天产业的发展与计算机的发展背景与路径具有相似性。随着电子管 技术向晶体管的发展，以及集成电路规模持续增长，计算机在政府 与军方之外的民用商用领域开始实现普及。航天领域过去也主要以 满足政府和军方的需求，且造价高昂、工期较长，而商业化追求更 高的性能以及更低的成本。我们认为，将能够实现市场化、商业化 的部分向市场开放，是推动航天产业进一步发展的必然选择。

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for automated guided vehicle (agv) software by geography and historical trend. The scope of the report extends to sizing of the automated guided vehicle (agv) software market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for audio communication monitoring by geography and historical trend. The scope of the report extends to sizing of the audio communication monitoring market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for atomic force microscopy by geography and historical trend. The scope of the report extends to sizing of the atomic force microscopy market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for 3d motion capture by geography and historical trend. The scope of the report extends to sizing of the 3d motion capture market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

2023 年2 月27 日，中共中央、国务院印发《数字中国建设整体布局规划》， 指出建设数字中国是数字时代推进中国式现代化的重要引擎，构筑国家竞争 新优势的有力支撑，到2025 年要基本形成横向打通/纵向贯通/协调有力的 一体化推进格局，数字中国建设取得重要进展。我们认为，数字经济是2023 年科技板块值得关注的投资主线之一，《规划》的出台将进一步加速国内数 字经济建设节奏，为赛道内的主要参与者带来明显的增量空间，建议关注： 1）担纲国内算力基础设施建设主力军的电信运营商板块；2）ICT 基础设施、 IDC 等算力产业链中率先建设环节；3）国内CPU/GPU 等计算芯片板块。

近十年稀土永磁下游应用场景不断打开，传统需求如汽车、风电、变频空调、消费电子等稳健支撑；新兴需求如新能源车、工业节能电机、工业机器人等蓬勃发展；未来人形机器人、比亚迪易四方、永磁磁浮轨道技术等需求潜在增长点或持续涌现。我们预计在新兴与传统需求双轮驱动下，稀土永磁长期成长性毋庸置疑，当前时点坚定推荐中国稀土产业链战略配置价值。