In the context of the current complex international environment, military informatization has become the core development direction of modern national defense forces.
The "14th Five-Year Plan" puts the construction of national defense informatization in a key development position. With the expansion of the scale of national defense investment, the tilt of national defense investment to the procurement of weapons and equipment will jointly promote the rapid development of the military information industry. It is estimated that by 2025, the relevant investment will exceed 250 billion yuan, and the overall growth rate will remain stable.
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Overview of the military information industry
In order to build an integrated combat capability, the construction of informatization must move forward steadily, and this process requires national defense and the armed forces to have all-round capabilities such as situational reconnaissance and perception, information transmission, command and control, and needs to achieve breakthroughs in many key areas of military equipment informatization.
Military informatization involves many fields such as satellite navigation, radar, information security, military electronics, and communications.
The military-industrial communication system is responsible for the transmission of system information and is the basis of the C4ISR system. The military communication equipment market has many market segments, including shortwave, ultrashortwave, datalink, satellite communications, and others.
Due to the high qualifications and technical barriers in the military private network communication industry, military communication equipment is usually developed and finalized by the manufacturer responsible for the subsequent production and supply, and the cooperative relationship between manufacturers is strong, and the customer barriers are relatively high.
From the perspective of the industrial chain, the military information industry chain consists of upstream parts manufacturing, midstream product manufacturing and downstream customers. The upstream includes the manufacture of various components and components, mainly passive components such as capacitors, resistors, and inductors, as well as active components such as transistors, and key components such as filters and power amplifiers, and complex system components such as receivers and TR components.
The competition pattern and leading combing of military informatization
Due to the high technical barriers of military electronic component products, the number of mainstream manufacturers of each type of product is relatively small, so the industry pattern is relatively stable, which is conducive to promoting the sustainable development of the military information industry chain.
Mainstream suppliers of ceramic capacitors, such as Hongyuan Electronics, HTC Electronics, Torch Electronics, Hongke Electronics (715), etc., are all veteran enterprises with strong technical strength in the industry.
Midstream manufacturers focus on the research of systems and end products in the industrial chain, which is an important link for the entire industrial chain.
Due to the high level of secrecy of information equipment, the production and manufacturing in the field of midstream manufacturing are mostly undertaken by state-owned enterprises, such as Sichuang Electronics, Guorui Technology and other units belonging to the military industrial group system; in addition, there are some units outside the military industrial group system with state-owned background, such as 712, Shanghai Hanxun, etc.
Some participating manufacturers in the information industry chain:
Source: CITIC Securities
With the upgrading of its main battle equipment, our military has accelerated the realization of electronic and computerized equipment, and will speed up the completion of the shortcomings of military communication means in the future.
The downstream of the military information industry mainly covers military application fields, including information security, reconnaissance and early warning, satellite navigation and military communications. #军工 ##军工信息化##航空##飞机##财经#
Downstream customers have extremely high requirements for product performance and quality, and need products that can complete complex tasks and actions in specific environments. Among them, the main engine and combat system are very important, which is the key link for further integration of equipment and subsystems manufactured in the midstream, and is also the carrier for performing various combat missions.
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