从下游看，由于消费电子行业进入旺季、叠加 5G 需求加速显现，逻辑芯片的先进制程需求饱满，台积电发布营收报告，公司 8 月收入 1061 亿台币，创下历史新高，同比增长 16.5%，环比增长 25.2%。从设备端看，根据 SEMI，8 月北美半导体设备制造商出货金额 20.03 亿美元，今年 5 月份以来连续 4 个月出货额稳定在 20 亿美元以上，同比降幅逐步收窄。

随着华为 Mate30 系列手机的发布，我们预计华为将引领智能手机的 5G 升级浪潮。5G 手机快速渗透，半导体景气度回升，会是国产替代发展的重要领域。我们推荐顺络电子、信维通信、兆易创新等有望受益于国产替代的标的。 

9 月 18 日，上海，第四届华为全联接大会开幕，华为首次发布计算战略，基于架构创新、投资全场景处理器族、有所为有所不为的商业策略、构建开放生态进行布局，计算产业新的大航海时代由此开启。同时，华为重磅发布了全球最快 AI 训练集群 Atlas 900，加速科学研究与商业创新的智能化进程。

2019年8月，产品价格持续下跌，营收承压延续，主流厂商普遍调整生产策略以应对下行行情；车用LED市场持续贡献营收增长动力，感测元件需求态势明确。然而，受调整周期影响，下半年行业营收态势仍偏保守，高阶显示应用需求将持续提升。上游芯片厂晶电8月营收同比-24.82%，光鋐同比-7.52%；中游封装厂亿光7月营收同比-19.92%；下游应用市场中，汽车好于背光好于普通照明，其中主营LED车灯照明的联嘉光电8月营收同比+22.76%，主营LED背光业务的东贝光电8月营收同比- 23.86%；一体化公司隆达8月营收同比-24.33%，光磊8月营收同比+11.37%。

本篇报告回溯了 4G 时期消费电子黄金十年整个产业发展历程，同时分析了黄金十年后整个消费电子产业的分化和转折趋势。我们认为未来的十年将会是 4G 延续叠加 5G 变革的十年。

我国芯片业和国外芯片巨头相比还有不小差距，为了找到其中的不足，通过对国内外芯片上市公司进行数据分析，找到主要的差距，进而为我国芯片产业的发展提出建议。

A baby monitor is an electronic device that transmits sound and video-related activities of a baby to a receiver, which is usually at the parents' end. The basic version of a baby monitor consists of a radio transmitter that relays sound to the receiver. The receiver contains an inbuilt speaker that enables sound transmission between the baby and parents. This basic version of the baby monitor works within a short or limited range of transmission area. Technological advancements have led to the embedment of advanced features in baby monitors that keep parents updated and connected with their babies, even from a remote location. Vendors have integrated baby monitors with the latest technologies such as video transmission, Wi-Fi, and Bluetooth connectivity, to connect it with smartphones to provide parents with continuous inputs of the baby’s activities.

The UAV market is growing at a sharp pace, globally. The use of UAVs are increasing, irrespective of the end use. The UAV industry has grown at such an amazing rate, that it is almost impossible to count or describe all the applications that have become normal practices pertaining to the same. The military segment is now the largest revenue share holder in the market studied, with UAVs being procured aggressively by various militaries, globally. Tec hnological adva nceme nts and the increasing adoption of UAVs for various applications, both in commercial and military, are expected to augment the rapid growth of the market studied.