During the "14th Five-Year Plan" period, the prosperity of the entire military industry chain has a clear trend, and the downstream large-scale prepaid stocking has brought a significant inflection point for the upstream military electronic components industry.
The core components of the military industry are an important part of national strategic security and the key cornerstone of various types of military equipment. At present, weapons and equipment are ushering in a period of large-scale delivery and installation, which accelerates the continuous growth of military component procurement.
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An overview of the military components industry
The military industry chain is composed of core components such as electronic components and chips in the upstream, various military equipment manufacturing in the midstream, and applications in the military and its affiliated units in the downstream.
Application diagram of military components:
Military electronic components are mainly divided into passive components and integrated circuits.
Passive components include resistance and capacitance sensing (the core products are MLCCs and tantalum capacitors), connectors, and relays, etc., which provide basic connection and support functions for circuits.
MLCCs (Chip Laminated Ceramic Dielectric Capacitors) are a key component in ceramic capacitors. Among them, the circuit RCL (resistance, capacitance, inductance) is the core part, which plays a key role in the stability and performance of the overall circuit, and the connector is the basic functional element, which is used in the connection, disconnection or conversion of circuits or optical channels.
Integrated circuits include a series of active devices, such as memory chips, GPU, DSP, IGBT, FPGA, ASIC, SOC, SIP, etc.
Continental has developed a series of strict component standards to ensure the quality of military components.
Taking hybrid integrated circuit products as an example, the quality grades are divided into K (aerospace grade), H grade (general military grade), G grade (industrial grade) and D grade (civilian grade).
The development of high-grade aerospace electronic products requires superb technical and technological capabilities, and also needs to obtain relevant production qualifications such as quality management system certification and confidentiality qualification certificate.
Due to the high importance of downstream users to reliability, they will not easily change the selected supplier, which constitutes a high technical barrier, qualification barrier and market barrier in the market.
Quality classification of domestic military components:
Data source: Northeast Securities
The competitive landscape and leading combing of military components
The high barriers of military components make it difficult for external competitors to get involved easily, and the market presents a relatively fixed competition pattern. Driven by localization, the advantages of leading enterprises are highlighted.
In the field of military relays, the main domestic manufacturers are dominated by a few state-owned enterprises, including Shaanxi Qunli (792 factory), Qunying Radio (891 factory), Guizhou Tianyi (315 factory), Beijing Ketong Electronics and Guilin Aerospace (165 factory), etc.
In terms of military connectors, the main enterprises engaged in the production of military connectors are AVIC Optoelectronics, Aerospace Electric, Shaanxi Huada (formerly 853 Factory), Sichuan Huafeng (formerly 796 Factory) and several veteran enterprises such as Hangzhou Aerospace Electronics and Zhengzhou Aerospace Electronics, which are subsidiaries of Aerospace Electronics.
A resistor is a current-limiting element in a circuit whose primary function is to limit the amount of current passing through a particular branch. There are two types of resistors, fixed and variable, the former with a constant resistance value and the latter with a resistance value that can be adjusted according to the demand, and are often referred to as potentiometers or variable resistors.
In the global resistor industry, the United States, Japan, and Taiwan dominate. In the field of R&D and production of military resistors in Chinese mainland, Zhenhua Technology and HTC Electronics are the two main enterprises. Zhenhua Technology's resistance business is handled by its subsidiary Zhenhua Yunke, and the resistance business of HTC Electronics is undertaken by its subsidiary HTC.
The military tantalum capacitor industry has the characteristics of high barriers and strong customer stickiness, and the current market is mainly occupied by a few companies such as HTC Electronics and Zhenhua Xinyun, forming a stable oligopoly pattern.
In the military MLCC market, there is a three-legged pattern. Hongyuan Electronics, Torch Electronics and Fenghua Hi-Tech are the core forces of the market.
In addition, military testing includes three core areas: environmental and reliability testing, electronic component testing and screening, and electromagnetic compatibility testing, which runs through the entire life cycle of military equipment from project approval to production and use, ensuring the stability and reliability of the equipment's performance.
At present, the third-party testing market of the Continental Army is still in the initial stage of development. The main military testing enterprises include 201 institutes of the Second Academy of Aerospace Science and Industry, 508 institutes of the Fifth Academy of Aerospace Sciences, Xishi Testing, Cisco Rui, Radio and Television Metrology, Suzhou Test Test, Xigu Microelectronics and Jinghanyu. #军工##雷达##飞机##财经##元器件#
epilogue
On the whole, military electronic components are one of the high-quality tracks in the field of military industry, and the competition pattern of multiple subdivisions of the industry is stable, the market demand is growing steadily, and it has the characteristics of typical oligopoly competition. A number of enterprises are relatively close in scale, and the competition and cooperation between manufacturers coexist to jointly promote the development of this military segment.
Pay attention to [Leqing Industry Observation] and gain insight into the industrial pattern!