5g network: (1) main equipment: the global share has increased; (2) optical fiber and cable: the sector has significantly reversed, and the three-year business cycle of the industry has started.
5g applications: (1) Internet of things / Internet of vehicles – modules: high growth rate in the industry & selected winners; sensors: the core of the future world, and Internet of vehicles is the main development position; MCU: chip level computer, the core of intelligent control; communication chip: baseband and and RF arrays, with different colors of cellular, WiFi and Lora; terminal: M2M has a wide space. (2) Cloud Video: new type, new mode, 5g’s main application & large space.
Communication + energy: (1) Haifeng submarine cable: “30.60” target + parity trend, with broad growth space; (2) IDC: the demand for carbon neutralization, energy conservation and emission reduction is urgent, so it is recommended to pay attention to IDC, upstream temperature control and UPS.
Military communication: during the 14th Five Year Plan period, the construction of communication network is the top priority of information construction.
Risk tips: the progress of 5g industry and commerce is lower than expected, the industry competition intensifies, the impact of epidemic situation, the uncertain risk of trade war, and the deviation of market space calculation due to the untenable assumptions.
