The rapid growth of electronic components
The rapid development of 5G, artificial intelligence, new energy vehicles and other fields has led to an explosion in the amount of electronic components. In 2020, due to the impact of the epidemic, the global electronics industry will encounter severe challenges. Effective domestic epidemic prevention has enabled the electronics manufacturing industry to quickly resume work and production.
Correspondingly, the overseas epidemic has not been effectively controlled, resulting in insufficient operating rates of many electronics manufacturers, resulting in an imbalance between supply and demand. Orders have been transferred to China, and the localization process has been superimposed. Since the second half of last year, the domestic electronics industry has shown a boom in production and sales.
Taking electro-acoustic devices as an example, benefiting from the continuous growth in shipments of Apple's AirPods series, the TWS headset market has also grown, and the performance of industry chain companies has been greatly improved.
According to relevant data, in the field of TWS earphones, the global sales of TWS earphones in 2020 will reach 233 million units, a year-on-year increase of 78%.
In addition, the smart speaker market combined with artificial intelligence is also showing explosive growth. Driven by the aforementioned advantages, the electro-acoustic device manufacturing industry has developed rapidly. In 2020, the domestic electro-acoustic device industry sales, including speakers, receivers, microphones, headphones, speakers, electro-acoustic parts and other products, will reach 327.4 billion yuan.
It is understood that the electronic components industry has become the fastest growing electronic component branch during the "13th Five-Year Plan" period, and is the main force driving the growth of the entire industry.
Panels, Mini LEDs, and 5G mobile phones deserve attention
After the epidemic, with the recovery of the economy and next year being a big event year, TV consumption will be stimulated in 2021, and the demand for TV panels will grow explosively. According to data, LCD TV shipments of the world's top 15 TV brands in 2021 are expected to increase by 9% year-on-year.
Liu Xiang said that based on factors such as the stocking of the competition, the withdrawal of Samsung's production capacity and the progress of new domestic production capacity, it is expected that the global supply and demand of large-size LCD panels will maintain a tight balance from 2021Q1 to 2021Q3, and panel prices are expected to continue to rise, which is worthy of focus. In addition, as the technology gradually matures and the cost decreases, Mini LED begins to have market competitiveness, which is also worthy of attention.
In addition to panels and Mini LEDs, the development of 5G technology has spawned a new wave of smartphone replacements, and its development and market conditions cannot be ignored.
At present, smartphones have entered the era of stock replacement, and the penetration rate has entered a bottleneck period, which makes it difficult for the total market to grow. Component manufacturers accelerate the introduction of assembly business through acquisitions, reflect cost advantages through vertical integration, and expand their business space. At the same time, brand manufacturers are also seeking to break the game.
With the rapid development of 5G technology, the cost-effectiveness of smartphones is getting higher and higher, the global 5G smartphone shipments have increased significantly, and the penetration rate is expected to further increase.
The market has recovered in an all-round way, and domestic substitution has accelerated
With the overall recovery of the downstream terminal market of the electronics industry, domestic substitution has begun to accelerate. Since Q2 of 2020, my country's consumer electronics, new energy vehicles, industrial control, home appliances, communications and other market demands have shown a clear growth trend, which together drives the demand for power devices.
In terms of power devices, overseas manufacturers have gradually abandoned mid-to-low-end devices and shifted their limited wafer production capacity to high-end products such as automobiles and industrial control, making room for development for domestic manufacturers.
From a global perspective, 12-inch wafer production capacity has been the mainstream new direction in the past few years, while 8-inch wafer production capacity has grown slowly. At a time when industry demand is rapidly picking up, 8-inch foundry resources are even tighter.
In the context of the continuous development of downstream industries such as 5G communications, new energy vehicles, and new energy power generation industries, Liu Xiang predicts that the industry demand will remain high, the wafer production capacity will be difficult to ease in a short time, and the overall price of power devices is likely to rise. The industry is expected to Welcome to both volume and price.
As one of the important components, the market size of RF devices has grown rapidly, and domestic manufacturers have the opportunity to seize the opportunity to grow rapidly.
