电子行业2020H1 回顾。2020H1 全行业（A 股）298 家公司收入为8724.02亿元，同比增长5.9%；全行业归母净利润为537.36 亿元，同比增长14.0%。电子行业各个子行业增速情况为：（1）半导体收入+29.0%，净利润+57.9%；（2）消费电子收入+12.9%，净利润+29.3%；（3）面板收入-11.2%，净利润-61.2%；（4）元件收入+3.4%，净利润-0.5%；（5）PCB 收入+2.9%，净利润+13.2%；（6）安防收入-2.4%，归母净利润+4.4%；（7）LED：收入-15.0%，净利润-35.2%；（8）汽车电子：收入+20.0%，归母净利润+182.8%。

半导体存储器件是半导体行业市场占比最高的分支，总计市场规模在1000亿美元以上，近几十年以来市场规模一直在波动中上行。

The study of smartwatch in this report emphasizes on various products, operating systems, and corresponding applications. Different operating systems such as watchOS, android, Linux, and others are available in the market. Many leading vendors such as Apple, Xiaomi, Fitbit, and others are operating in this segment. Various features include notifications, alerts, apps, answer messages by voice, media management, fitness tracking, and a very good battery life. The market size revenue considered in the report is revenue earned by companies by selling smartwatch. From application perspective, the report analyzes the market according to personal assistance, wellness, healthcare, sports, and others. The companies operating in the market have adopted strategies such as collaboration, partnership, product launch, R&D, and acquisition to increase their market share and expand their geographical presence. The global smartwatch market is analyzed and estimated in accordance with the impact of the drivers, restraints, and opportunities. The period studied in this report is from 2019 to 2027, wherein the forecast period is from 2020 to 2027.

The global tissue imaging market has witnessed a single-digit growth in the past five years. The increase in demand for tissue imaging devices is majorly attributed to the growing prominence for early diagnosis and advancement in the imaging technologies. Through the thorough analysis of the key strategies incorporated by the players of the global tissue imaging market, it was observed that major players were keen to expand their dominance through the launch of new products enabling advanced features.

我们每周对于半导体行业的思考进行梳理，从产业链上下游的交叉验证给予我们从多维度看待行业的视角和观点，并从中提炼出最契合投资主线的逻辑和判断。回归到基本面的本源，从中长期维度上，扩张半导体行业成长的边界因子依然存在，下游应用端以5G/新能源汽车/云服务器为主线，具化到中国大

陆地区，我们认为“国产替代”是当下时点的板块逻辑，“国产替代”下的“成长性”优于“周期性”考虑。

The use of video surveillance in business is growing significantly, owing to the increasing need for physical security, coupled with the use of cloud-based services for centralized data. Globally, the drive to enhance the safety and security across different industries is adding to the market growth, significantly. With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade. The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks. Video surveillance is being adopted in manufacturing, banking & financial services, and transportation and retail industries. This incorporation is higher in countries, such as the United States, the United Kingdom, India, China, and Brazil, owing to the large size of the concerned industries and higher awareness among consumers.

The report provides market dynamics and trends related to the VR in healthcare market. In addition, it presents the market estimations and forecast. The study estimates the revenues that are confined to the sales of virtual reality devices used in healthcare facilities. Valuations comprises revenue generated from VR Semiconductor Components, VR Devices, and VR Sensors. However, the market estimates do not include revenue generated from the post-sale services of the devices.

Digital video surveillance systems can be used for nearly any environment owing to increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. A lot of advantages are offered by an IP camera CCTV system offers over an analog format. There has been an increase in the demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others. The scope of the report discusses the potential opportunities for the market players to enter the global video surveillance market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. The report features the strategies adopted by key market players to maintain their foothold in the market.

Robotics technology is the intersection of technology, engineering, and science for producing machines called robots, which are used to replicate human actions. The key objective of the robotics technology is to enhance the performance of the organization and to produce better outcome. Robotics technology finds its wide range of application in various industry verticals, which include healthcare, domestic, agriculture, manufacturing, and others. Rise in need for automation and safety in organization and availability of affordable, energy efficient robots drive the growth of the market. In addition, rise in labor & energy costs and increase in usage of robotics technology in different industry verticals fuel the growth of the market. However, high initial cost of the robots and lack of awareness among the SMEs hamper the market growth. Furthermore, growth in adoption of robotics technology in emerging economies and increase in use of this technology in adverse applications are expected to provide lucrative opportunities for the growth of the market.