2019Q4电子板块配置持续上升，属于重点配置板块。目前公募基金2019年四季报已披露完毕，我们选取了普通股票型基金、偏股混合型基金、平衡混合型基金及灵活配置型基金作为样本分析电子板块重仓的持股情况。2019Q4电子板块基金配置比例继续上升，属于超配板块。根据Q4数据，基金重仓持股中电子板块的持股市值占比为13.52%，较三季度上升1.78个百分点，同比大涨4.98个百分点。四季度末，食品饮料及医药生物板块占比下降，电子板块受益显著，电子板块Q3配置占比由第三上升至第二，电子板块Q4属于超配板块，超配比例达6.29%，在Q4同样超过医药生物位列第二，属于公募基金重点配置板块。

5G 网络标准和规范逐步完成，完整标准预计今年完成，中国5G网络建设稳步推进。19 年多家厂商发布5G 基带芯片，高通和华为暂时主导5G 手机基带芯片市场，2020 年三星、紫光展锐、MTK等有望快速入局。5G 将成电子行业长期增长引擎，看好以TWS耳机为代表的可穿戴市场，以及汽车电子、VR/AR、物联网电子等细分市场。苹果引领创新周期，相关供应链厂商值得关注。5G带动半导体行业增量，需求回暖景气度修复。

半导体设备是芯片制造的基石，国产化亟待突破。半导体设备支撑电子信息产业发展，2018年销售额约640亿美元，日美荷占据前十大设备制造商地位，垄断了90%市场份额。我国本土产线半导体设备国产化率仍处于较低水平，整体水平不足15%，中美贸易摩擦凸显我国缺“芯”之痛，产业链支撑环节半导体设备国产化势在必行。

非典时期电子行业走势与大盘走势趋同，但是参考意义不大：非典时期，电子行业走势与大盘走势趋同，整体表现弱于沪深300 指数：一方面，钢铁、汽车处于起步阶段的政策支持行业，2003 年人均GDP 只有1289USD，消费电子终端在2003 年依然处于相对昂贵的可选消费；另一方面，大陆电子、通信等精密制造行业整体规模和技术水平相对低下，没有形成完整产业链，盈利能力相对较弱。

The North America mobile cardiac telemetry systems market is estimated to grow at a CAGR of 12.6% from 2019 - 2027. The market of mobile cardiac telemetry systems in the North America region is majorly contributed by the US and US is the largest market for the mobile cardiac telemetry systems. The growth of the market is defined by the availability of the products by the various market leaders, presence of the several companies across the region. In addition, the rise in the cardiovascular diseases are likely to contribute to the growth of the market. The top 10 industry players operating in the market of mobile cardiac telemetry systems across the globe includes Medtronic, BioTelemetry Inc., Applied Cardiac Systems, Inc, Medicomp Inc, Preventice Services, LLC, The Scottcare Corporation, Medi-Lynx (Subisidiary Of Medicalgorithmics, S.A), Zoll Medical Corporation, Welch Allyn, and Telerhythmics, LLC.

A robotic fueling system has the advantage of preventing human contact with potentially dangerous fumes, avoiding driver’s exposure to extreme hot or cold temperatures during fueling, and reducing the labor costs associated with full service fueling stations. A robotic fueling system consists of five main subsystems: control system which include user interface, processor, and logic schema; sensor system for vehicle positioning and identification, robotic arm, fuel dispensing nozzle, and the fuel port interface. The main focus of robotic fuelling is to explore improvements over existing systems (manual) mainly by cost reduction (personnel cost) through automation. Simplification in robotic fueling can be achieved by the redesign of the vehicle positioning and fuel dispensing systems. The robotic refueling system market has been witnessing robust growth due to factors such as Low cost of operation and flexibility of dispensing different fuels, adoption of this system by the mining industry owing to cost, flexibility, safety and increased productivity of mining operations. No requirement for operators on-site to man fuel stations and refuel vehicles is considered to the major driving factor for the robotic fueling systems remarkable growth rate during the forecast period from 2019 – 2027

Profession AV solutions or pro AV equipment are systems that are involved in the transmission of multiple high-quality live audio and video signals among other transmissions, uncompressed in nature, to multiple devices. The pro AV systems are broadly used in live events, broadcast facilities, commercial installations, and recording, and post-production. Sound reinforcement equipment and solutions form the backbone of any pro AV systems, installed or portable. The advent of the cloud and the software-based application has propelled the audio- visual (AV) technologies to go through a major shift. Global enterprises are looking forward to advanced AV solutions to help them in achieving seamless business communication and collaboration. On the other hand, system integrators and channel partners are also witnessing huge revenue potential in the growing global enterprise AV market.

The global peripheral vascular devices market is currently being driven by various factors, including increasing lifestyle changes and the aging population. Also, new product launches and technological innovations in the devices are augmenting the growth of this market. Recently, Intact Vascular Inc., which is a well-known medical device company, had launched the first commercial use of its Tack Endovascular System in multiple sites across the United States, after getting an FDA approval. This device is a first-of-its-kind dissection repair device, which is implanted post-angioplasty to resolve dissections in patients with peripheral arterial disease (PAD). Along with such product launches, it has been observed that the market is currently witnessing several technological advancements. For instance, Lithoplasty and Pantheris Lumivascular Atherectomy System are the two latest and novel technologies that are being used in the treatment of PAD. Avinger Inc. stated in July 2018 that several physicians across the United States have successfully treated over 40 patients having PAD with the help of the next-generation Pantheris image-guided atherectomy system.