Core view
Policies boost the development of industrial software and accelerate the trend of localization
As an important part of industry and software industry, industrial software is not only the core element to promote the high-quality development of intelligent manufacturing, but also the premise to realize industrial intelligence. Therefore, industrial software is very important on the road of digital transformation of traditional industries. From the perspective of the global market, industrial software will continue to maintain a steady growth rate of about 5% per year, and the growth of the industry is relatively stable. With the launch of the 14th five year plan, the goal of focusing on breaking through the short board of industrial software is put forward. It is planned that by 2025, the NC rate of key processes of national industrial enterprises, the digital popularization rate of operation and management and the popularization rate of digital R & D and design tools will reach 68%, 80% and 85% respectively, and the number of industrial apps will exceed 1 million. The trend of localization and substitution of industrial software is urgent, and it is expected to be applied to more subdivided scenarios in the future.
Domestic industrial software is ready to go, with huge growth space
As a very important part of industrial software, the application field of CAD has gradually expanded from the initial mechanical manufacturing industry to other industries such as construction, electronics, automobile and aerospace. In 2020, the global CAD market scale is close to US $10 billion, including US $2.6 billion for 2dcad and US $7.3 billion for 3dcad. From 2021 to 2023, the global CAD market is expected to expand rapidly at a growth rate of 8% – 9%. From the perspective of the Chinese market, the industrial software industry has benefited from three factors: industrial upgrading, policy support and localization transformation. The market scale has expanded rapidly and the growth rate is much higher than the global average. In the future, with the continuous breakthrough of core technology, China’s industrial software market may usher in rapid development. From the perspective of the global CAD market, China’s CAD market still has great growth space.
It is suggested to pay attention to: Zwsoft Co.Ltd(Guangzhou)(688083) , Zhejiang Supcon Technology Co.Ltd(688777) , introduction to electronics, Shanghai Baosight Software Co.Ltd(600845) , Guangzhou Sie Consulting Co.Ltd(300687) , Digiwin Software Co.Ltd(300378) , Glodon Company Limited(002410) , Hangzhou Pinming Software Co.Ltd(688109) , Beijing Yjk Building Software Co.Ltd(300935) .
Risk warning: major changes in international policies; The R & D progress is less than expected, and the order change risk of downstream customers.
