The Ministry of industry and information technology recently issued the Interim Provisions on the management of automotive radar radio. According to the regulations, in order to promote the application of automotive intelligent technology and industrial development, 76-79ghz frequency band is planned to be used for automotive radar.
Vehicle radar is an auxiliary means to monitor vehicle speed and distance through sensors in intelligent transportation system. According to the data of Intelligent Automobile Research Institute of Gaogong, from January to December 2020, the carrying capacity of front mounted angle radars in the Chinese market was 4.1428 million, a year-on-year increase of 72.53%; The number of forward millimeter wave radars was 5.3572 million, a year-on-year increase of 38.43%.
Huaan Securities Co.Ltd(600909) believes that 77GHz radar is the mainstream technical route of intelligent driving in the future. At present, the price of 77GHz on-board radar is about 1.8 times that of 24GHz products. The technical upgrading has increased the value of radar in the downstream automatic driving market and accelerated the maturity of relevant upstream industrial chains.
Millimeter wave radar, camera and lidar are recognized as three key sensing technologies for automatic driving. The advantage of millimeter wave radar is that it can provide accurate distance and speed information, and the detection distance is relatively long. It can work all day (night, rainy day, etc.). 77GHz radar has smaller size, lower power consumption, higher bandwidth, better resolution and longer detection distance. With the popularization of automatic driving technology, the market demand for relevant core sensors such as millimeter wave radar also increases. According to IDC's forecast, the global L1-L5 class autopilot truck volume is expected to reach about 54 million 250 thousand vehicles in 2024. Assuming that each vehicle has an average of 5 millimeter wave radars with a value of 1000 yuan, the annual market will exceed 50 billion yuan and the space is huge. It is considered that the perception layer is very important for the working performance of ADAS system, and needs hardware cooperation with signal / data processing and the combination with autopilot AI algorithm. In the future, two types of enterprises will benefit, one is chip design company, and the other is system solution provider combining radar module and ADAS algorithm. The former is a domestic alternative logic, and the core of the latter lies in the ability of scene based software and algorithm.
Huaan Securities Co.Ltd(600909) it is recommended to pay attention to:
Industrial software: Zwsoft Co.Ltd(Guangzhou)(688083) , Zhejiang Supcon Technology Co.Ltd(688777) , Shanghai Baosight Software Co.Ltd(600845) , Yonyou Network Technology Co.Ltd(600588) , Beijing Kingsoft Office Software Inc(688111) .
Artificial intelligence: Iflytek Co.Ltd(002230) , Zhejiang Dahua Technology Co.Ltd(002236) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Arcsoft Corporation Limited(688088) .
Smart cars: Huizhou Desay Sv Automotive Co.Ltd(002920) , Thunder Software Technology Co.Ltd(300496) , Autel Intelligent Technology Corp.Ltd(688208) , baidu group SW, China Transinfo Technology Co.Ltd(002373) .
Network security and information creation: Qi An Xin Technology Group Inc(688561) - u, Dbappsecurity Co.Ltd(688023) , Sangfor Technologies Inc(300454) , Venustech Group Inc(002439) .
(Securities Times)
