资源描述
|2023 3 13|1597.83 52 1709.89 52 1162.27:SAC:S1340523020002 Email:-2023.03.05 PCB 2020 103.38 20.35%PCB IC PWM 2018 PWM IC 2021 IC 10%-26%-22%-18%-14%-10%-6%-2%2%6%10%2022-03 2022-05 2022-08 2022-10 2022-12 2023-03 300 2 2000/1400/200/2021 47.28%78.17%13.57%15.47%2021 30%29%20%0YAZxOnQnOrQoQmPmRqPnMaQaOaQsQoOoMoNfQpPmPiNrQsObRoPmPNZmRuMuOoPrO 3 1.6 1.1.6 1.2.7 1.2.1.7 1.2.2.9 1.2.3.11 1.2.4.11 2.12 2.1.12 2.2.15 3.18 3.1“”“”.18 3.2.23 3.3.25 4.28 4.1.29 4.2.30 4.3.32 4.4.33 4.5.34 4.6.35 4.7.36 4.8.37 4.9.38 4.10.39 5.40 4 1.6 2.7 3.8 4 Vicor.9 5.9 6.9 7 PSMA 1/4.10 8.10 9.11 10.12 11.12 12.13 13.14 14.14 15 DC/DC.15 16.16 17.16 18.16 19 F-35 2023 3.17 20.19 21.19 22 Vicor.20 23 Vicor.20 24 Vicor.20 25.21 26.22 27 2022.23 28.24 29.24 30 IPO.25 31.25 32.26 33.26 34.26 35.26 5 36.27 37.27 38.28 39 2021.28 40.30 41.30 42.30 43 DC/DC.31 44.32 45.32 46.32 47.33 48.33 49.34 50.34 51.34 52.35 53.35 54.36 55.36 56.36 57.37 58.37 59.38 60.39 61.39 6 1 1.1 2022 5G 1 2022 UPS AC-DC DC-DC DC-AC AC-AC 9.7%21.9%18.9%18.0%17.5%16.5%17.0%0%5%10%15%20%25%0100020003000400050006000700080002019 2020 2021 2022 2023 2024 2025 7 2 UPS 220V 50Hz LED 2020 55%1.2 1.2.1 PCB DC/DC 1955 Roger pulse width modulation PWM 1958 NASA switching mode power supply SMPS 60 kHZ IGBT 80 PWM DC/DC 8 kHZ 21 3 Vicor BOM PCB BOM PCB/50%/Vicor 2020 103.38 20.35%9 4 Vicor 5 Vicor 1.2.2 6$/kW kW/L 2010 19 2.60 90%2012 17 2.86 91%2015 12 3.53 93%2020 8 4.00 94%DC/DC PSMA 1/4 GaN 13%18%8%24%7%20%0%5%10%15%20%25%0204060801001202014 2015 2016 2017 2018 2019 2020 10 7 PSMA 1/4 DC/DC 1/4 1/8 8/inch/mm 1/4 1/8 1/16 DC/DC 11 1.2.3 9-55 100-40 100-40 85-20 70-55-40 85 0.5 5 10 GJB150.5-86 100G 20G GJB360B-2009 GJB548B-2009 5%35 48 GJB360B-2009 5%35 24 1000 GJB548B-2009 48 96 8 GJB360B-2009 GJB/Z299C-2006 1.2.4 PCB PCB 12 10 43 24 771 Interpoint VPT Vicor SynQor 2 2.1 11 DC/DC 13 12 1 VSVF HVDC A380 787 F-22 F-35 270V 115V/400Hz 270V 270V 1 DC/DC 270V 28V 2 DC/DC 28V 3.3V 5V 12V 3 DC/AC 270V 115V/400Hz 14 13 LLC 2-14-DC/DC DC/DC DC/DC DC/DC DC/DC 1 3 2 4-15 15 DC/DC EMI DC/DC 90%70%3 T/R 380V 270V 8V-48V 3kW-10kW T/R 5V-8V 8V-48V 1000W 2.2 1 World Air Forces 2023 1570 57%16 493 2230 22%F-35 B21 100/-20 47%16 17 World Air Forces 2023 World Air Forces 2023 2022 6 17“”“18”8 18 19%11%10%5%4%51%47%52%1%/17 10 2 20-20 2011 1 F-35 2006 5 2011 F-35-20 20 19 F-35 2023 3 2019 70-17-100-41 2021 10%-20%18 30%-35%40%3“”2021 2021 2021 2022Q1-Q3 124 411 0.72%2.59%3 3.1 PCB 19 20 DC/DC Vicor Interpoint SynQor TRACO GAIA ERICSSONLAMBDA 21 Vicor ZVS/ZCS Interpoint SynQor Buck+GAIA TRACO 28V 50W 2022 Vicor 3.99 2545 Vicor 2018 1.09 2021 SMT 20 Vicor 9870 27.5%2022 Vicor 7519 24%22 Vicor 23 Vicor iFinD,iFinD,24 Vicor iFinD Vicor,Vicor Interpoint 43 24 28%-10%13%21%11%45%48%47%44%50%45%-20%-10%0%10%20%30%40%50%60%0.00.51.01.52.02.53.03.54.04.52017 2018 2019 2020 2021 2022(YoY-56%27%216%-55%-100%-50%0%50%100%150%200%250%01,0002,0003,0004,0005,0006,0002017 2018 2019 2020 2021 2022 YoY0.82 1.09 0.58 0.93 0.99 0.75 0.00.51.01.52.02.53.03.54.04.52017 2018 2019 2020 2021 2022(21 25 43 DC-DC 24 AD/DA/2014 1 GJB2438B-2017(SJ20668-1998)1992 38 DC-DC AC-DC EMI DC-DC 2023 22 2017 WEIKENG INTERNATIONAL CO.,LTD TI ADI ST ALTERA RENESAS Infineon Infineon+Cypress Lattice NXP Western Digital SanDisk TI IC 2022 2022 ZHM5025A PWM ZHM5035C PWM ZHM5032 PWM 2018 PWM IC 2021 IC PWM 26 23 3.2 10%2022 15.81 SiP 5G SiP 50 200 12.5 70%72%477%27 2022 9.49 7.85 SiP 1.67 1.45 5G 1.13 0.94 1.97 0.87 4.70 4.70 18.96 15.81 2022 10 2022 30%-50%2022 2023 25.18 7.2 36 17/35/10/SIP 120/2023 3 24 28 7.90 7.90 7.20 7.20 1.40 1.40 3.80 3.80 2.88 2.88 2.00 2.00 25.18 25.18 3.25“”“”2022 10 29 0.64 0.53 0.98 0.68 0.64 0.48 0.69 0.58 0.98 0.98 3.93 3.25 IPO 5.20 3.05 36 5.47 25 30 IPO 3.05 2.92 0.78 0.78 1.50 1.50 5.32 5.20 2021 2.50 1.95 24 DC/DC 1.4 DC/DC 5000 5000 5000 31 2.25 1.95 0.80 0.49 1.00 0 4.05 2.44 3.3 2000/200/1400/10000/60%30%2021 80%57%26 32 33 34 35 2019 2021 35%2019 2020 20%-25%2020 SMT PCBA 2021 12%2048 2216 3676 1897 1970 90 104 144 176 223 050010001500200025003000350040002017 2018 2019 2020 2021/63%53%47%59%61%65%28%30%31%27%27%26%0%20%40%60%80%2017 2018 2019 2020 2021 2022H1 1389 1352 1470 1441 16893 13105 14949 10458 03000600090001200015000180002019 2020 2021 2022H1/69%72%80%83%57%51%57%58%0%20%40%60%80%100%2019 2020 2021 2022H1 27 36 2019 2020 2021 2022H1 39%34%37%13%12%9%7%6%7%41%48%47%24%21%12%10%3%5%6%6%4%5%4%4%69%69%78%80%PCB 50%/10%-15%37 2013 2014 2015 2016H1 51%54%50%51%12%11%10%10%14%15%14%15%13%13%17%15%10%8%9%9%1.27 1.77 1.22 0.83 2021 63%PCB 13%11%28 38 2019 2020 2021 2022H1 13%49%63%66%PCB 2%11%13%13%5%6%11%13%1%3%5%4%4%3%5%4%PCBA 75%23%0%0%3%1%3%1%1%1%1%0.22 0.39 0.32 0.15 2021 47.28%78.17%13.57%15.47%2021 30%29%20%39 2021/14.78 2.93 47.28%19.84%13.57%100%100%6.55 2.56 39.12%12%17%1.72 0.59 78.17%34.15%15.47%100%100%3.58 1.04 28.93%13%99%1.91 0.65 33.84%35%165%1.60 0.32 20.17%8%4%5.32 0.45 8.52%17%24%1.42 0.28 19.68%34%87%4 29 4.1 1997 SOIC DIP BGA CAN FPGA/CPLD DSP CPU 30 40 2021 14.78 75%47.28%19.84%2.74 122%2021 8.80 60%5.36 77%41 42 iFinD iFinD 4.2 1994 87.53%DC/DC AC/DC 38%62%9%75%42%45%43%41%48%47%49%0%20%40%60%80%04812162017 2018 2019 2020 2021 2022H1 YoY 1%74%98%122%55%10%8%10%17%20%21%0%20%40%60%80%100%120%140%0.00.51.01.52.02.53.02017 2018 2019 2020 2021 2022H1 YoY 31 4 CNAS DILAC 43 DC/DC DC/DC DC/DC DC/DC DC/DC,DC/DC ZVCH ZSA28S/DV ZHF28S/D/TV ZTR28S/DV ZWR28T ZVHE ZVFL ZSA28S/D ZHF28S/D/T ZTR28S/D/T VPT DVCH DVHF DVSA DVTR DVHE DVFL Interpoint MCH MWR MSA MHF ZTR Pin-Pin DC/DC ZHDC28XR/7W/15W/30W MVXR100 MVXR VPT VXR7-2800 VXR15-2800 VXR100-2800S VXR 2021 39.12%2017 5.75%33.37pcts 2021 2.56 100%2022H1 2.10 81%32 44 45 4.3 2011 DC-DC DC-DC DC-DC AC-DC 46 2021 1.57 92%80.39%2021 0.13 8%56.72%7%42%29%68%54%0%20%40%60%80%012345672017 2018 2019 2020 2021 2022H1 YoY24%391%84%100%81%6%7%23%33%39%41%0%100%200%300%400%500%0.00.51.01.52.02.53.02017 2018 2019 2020 2021 2022H1 YoY 33 2021 1.72 87%0.60 277%2021 78.17%34.15%47 48 4.4 166/39%87%69%69%78%80%0%20%40%60%80%100%0.00.40.81.21.62.02019 2020 2021 2022H1 YoY 61%277%14%17%34%33%0%50%100%150%200%250%300%0.00.10.20.30.40.50.60.72019 2020 2021 2022H1 YoY 34 49/2022 2018-2021 10%2021 3.58 12%2022H1 1.15 24%1293 68%2022 2021 28.93%2017 8.71pcts 2022H1 50 51 4.5 10%17%11%12%-24%-30%-20%-10%0%10%20%012342017 2018 2019 2020 2021 2022H1 YoY12%34%14%34%-68%20%21%24%24%29%11%-80%-60%-40%-20%0%20%40%0.00.20.40.60.81.01.22017 2018 2019 2020 2021 2022H1 YoY 35 2011 2018 DC/DC AC/DC 2021 1.91 19%0.65 6%33.84%8.91pcts 52 53 4.6 2014 1 GJB2438B-2017(SJ20668-1998)600 38%19%1%0%10%20%30%40%50%0.00.51.01.52.02.52019 2020 2021 2022H1 YoY36%-6%-47%44%43%34%30%-60%-40%-20%0%20%40%60%0.00.20.40.60.82019 2020 2021 2022H1 YoY 36 2021 1.60 113%0.32 53%54 55 4.7 1992 500 100%2021 56 LED DC/DC 110%58%35%113%33%0%20%40%60%80%100%120%0.00.30.60.91.21.51.82017 2018 2019 2020 2021 2022H1 YoY137%64%53%-44%-2%15%23%28%20%10%-100%-50%0%50%100%150%-0.10.00.10.20.30.42017 2018 2019 2020 2021 2022H1 YoY 37 5 6 9%2021 5.32 10%0.45 5%57 58 4.8 2010 DC/DC DC/DC 2021 1.42 0.28 19.68%5%5%-15%10%8%-20%-10%0%10%20%01234562017 2018 2019 2020 2021 2022H1 YoY7%0%-11%5%-1%9%9%8%9%9%5%-15%-10%-5%0%5%10%0.00.10.20.30.40.50.62017 2018 2019 2020 2021 2022H1 YoY 38 59 4.9 2006 1.1 400 100 DC-DC AC-DC DC-AC EMI 1700 LED 2020 2.06 1244 2021 411 39 60 31500W 5W10KW/3500W 4.10 1996 Vicor GAIA COSEL 360 8000 10 500 61 40 5 41 6 6 A 300 500 20%10%20%-10%10%-10%10%-10%10%-10%10%5%10%-5%5%-5%2017 7 1 42 2002 9 50.6 中邮证券研究所 北京 电话：010-67017788 邮箱：地址：北 京市东 城区前 门街 道珠市口 东大街 17 号 邮编：100050 上海 电话：18717767929 邮箱：地址：上 海市虹 口区东 大名 路 1080 号 邮储银 行大 厦 3楼 邮编：200000 深圳 电话：15800181922 邮箱：地址：深 圳市福 田区滨 河大 道 9023 号国通大厦 二楼 邮编：518048 前沿报告库是中国新经济产业咨询报告共享平台。行业范围涵盖新一代信息技术、5G、物联网、新能源、新材料、新消费、大健康、大数据、智能制造等新兴领域。为企事业单位、科研院所、投融资机构等提供研究和决策参考。扫一扫免费获取海量报告
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