苹果/华为新机均采用潜望式镜头，潜望式已成为当前主要创新方向之一。苹果于 2023 年 9 月发布其 iPhone 15 系列，其中 iPhone 15 Pro Max 上搭载了一颗潜望式长焦镜头，通过四次反射实现 5X 的光学变焦，这是苹果首次在其 iPhone 上搭载潜望式镜头方案。此外，华为于 2024 年 4 月 18 日推出 Pure70 系列，全系搭载潜望式长焦摄像头，通过搭载 5 倍光学变焦潜望式镜头最少可达 100 倍变焦范围，潜望式镜头亦成为华为新机的主要创新点之一。

AI 芯片：NVIDIA 发布全新 Blackwell 平台，包括 NVIDIA HGX B200、GB200、NVLink、GB200 NVL72 机架级设计、网络交换机 X8000 在内得的多款产品。HGX B200 和 B100 通过整合 Blackwell Tensor Core GPU 和高速互连 技术，实现了与前代相比 15 倍的推理性能提升，而 HGX H200 系列则提供了惊人的 32 petaflops 性能，成为 AI 和 HPC 领域最强大的加速扩展服务器平台。GB200 NVL72 作为液冷机架级解决方案，通过连接 36 个 Grace CPU 和 72 个 Blackwell GPU，不仅实现了单个大型 GPU 的功能，还为万亿参数的 LLM 推理提供了 30 倍的实时速度提升。

我们认为消费电子产业链景气度已在触底回升，Q1 手机/PC 等终端需求延续弱复苏。AI 融合新品与 Smart EV 等创新亦在加速。苹果近期 AI 进展不断， 产业链处于历史估值底部；华为 Pura70 上市引发市场关注，新兴市场持续景气，低基数下预计 H1 大部分安卓链公司业绩同比增速较可观；问界连续 3 月蝉联国内新势力月销冠军，小米 SU7 及智界 S7 焕新版上市，高阶智能驾驶正加速落地。

The global aesthetic lasers market is estimated to grow at a CAGR of 12.3% from 2022 to 2030. Key factors driving the market growth are growing adoption of non-invasive aesthetic procedures and increasing prevalence of skin disorders along with growing awareness about beauty devices. However, risks and complications associated with procedures and stringent safety regulations hinders the market growth.

The global aesthetic lasers market is estimated to grow at a CAGR of 12.3% from 2022 to 2030. Key factors driving the market growth are growing adoption of non-invasive aesthetic procedures and increasing prevalence of skin disorders along with growing awareness about beauty devices. However, risks and complications associated with procedures and stringent safety regulations hinders the market growth.

The global fundus camera market is estimated to grow at a CAGR of 7.9% from 2022 to 2030. Key factors driving the market growth are increase in diabetic retinopathy screening procedures and launches of innovative products. However, incorrect clinical diagnosis due to distorted fundus photography hinders the market growth.

The automated external defibrillators market is estimated to grow at a CAGR of 4.5% from 2020 to 2030. Key factors driving the market growth are increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. Whereas performance issues related to automated external defibrillators is hindering the market growth.

The global endoscopy procedures market is estimated to grow at a CAGR of 7.0% from 2022 to 2030. Key factors driving the market growth are growing preference for minimally invasive surgeries and increasing prevalence of cancer are the key factors driving the market. However, the risks of infections associated with endoscopic procedures hamper the market growth.

The automated external defibrillators market is estimated to grow at a CAGR of 4.5% from 2020 to 2030. Key factors driving the market growth are increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. Whereas performance issues related to automated external defibrillators is hindering the market growth.

The global aesthetic lasers market is estimated to grow at a CAGR of 12.3% from 2022 to 2030. Key factors driving the market growth are growing adoption of non-invasive aesthetic procedures and increasing prevalence of skin disorders along with growing awareness about beauty devices. However, risks and complications associated with procedures and stringent safety regulations hinders the market growth.