20230926_招商证券_通信行业华为算网系列报告2：星闪专题报告全面对标蓝牙、Wifi商用元年正式开启_23页.pdf
|2023 09 26 Wifi,TMT/WiFi HDC 2023 NearLink WiFi Mate 60 FreeBuds Pro 3 MatePad Pro 13.2 SLB SLE 1 SLB WiFi 2 SLE 23-24 WiFi Bit 6 1/30 WiFi WiFi WiFi WiFi WiFi WiFi 1 2%192 3.7 2818.1 3.4 2047.1 2.9%1m 6m 12m 4.2-0.2 27.6 4.1 7.6 31.2 1 2023 2023-09-15 2 4 2023-08-20 3 2023-08-10 S1090522060001 S1090523040001-200204060Sep/22 Jan/23 May/23 Aug/23(%)通信 沪深300 2 2.5 1.5 2.5 3.6.7 1.7 1.7 2.9 2 WiFi.11 1.11 2 WiFi.11 3 WiFi.12 3.13 1.13 2.14 3.14 4.15.17 1.17 2 WiFi.17.19 1.19 2.19 3.20 4 OpenHarmony.21 5.21 1.5 1ZDWuNqNsRpOtNmPrMpQrQ7NdN8OsQoOoMpMiNoOuNeRnPsMaQmNrMwMoOrRNZnNqQ 3 2 Mate 60.6 3 FreeBuds Pro 3.6 4.7 5.8 6.8 7.9 8.10 9.17 10.17 11 2017-2022E WiFi%.18 12 2018-2024E%.18 13 2018-2023E WiFi%.18 14 2019%.18 15 2019 WiFi MCU%.18 16.19 17.20 18.20 19“”.22 20 PE Band.22 21 PB Band.22 1.6 2.8 3 SLB.10 4 SLE.10 5.11 6.12 7.12 8.12 9 WiFi.13 10.14 11.14 4 12.14 13/.15 14.15 15.21 5 1 HDC 2023 NearLink 2023 8 4.0 HDC 2023 NearLink WiFi 1 HDC 2023 2 Mate 60 FreeBuds Pro 3 MatePad Pro 13.2 4.0 4.0 Mate 60 FreeBuds Pro 3 2 Mate 60 1.5Mbps MatePad Pro 13.2 MatePad Pro 13.2 M-Pencil 6 2 Mate 60 3 FreeBuds Pro 3 3 2023 4 ADS 2.0 Advanced Driving System 2023 4.0 1 HarmonyOS 2.0 HarmonyOS 3.0 HarmonyOS 4.0 7 1 1 2019 WiFi 2020 2019 WiFi SD/WiFi SD 2020 2022 1.0 5G 2023 7 4 2020 9 80 350 2020 9 22/IT 350 VIVO OPPO 8 4 4 8 5 6 SparkLink1.0 2022 2()24%15%14%7%6%6%5%5%5%4%3%2%2%1%1%汽车 芯片应用与云 管道/边缘家居 测试仪终端 电子元器件高校与科研院所 模组行业机构与标准组织 工业制造测试实验室 安全咨询 9 TCL 2 G T SLB SLE SLB WiFi SLE Polar 4MHz 8PSK SLB SLE 7 SparkLink1.0 2022 10 3 SLB G 900Mbps 20MHz T 450Mbps 20MHz 20 s 99.999%1us 30ns 4096 1 80 Polar-5dB+3dB SparkLink1.0 2022 4 SLE 4.6Mbps 12Mbps 250 256 SINR-3dB SparkLink1.0 2022 QoS IP TLS/TLCP Non-IP 8 SparkLink1.0 2022 11 2 WiFi 1 WiFi Zigbee UWB IrDA NFC RFID 5 125Kbps-3Mbps 100-300 WiFi 1Mbps-600Mbps 20-300 ZigBee 250Kbps 20-350/UWB 500Mbps 10 IrDA 16Mbps 1-2 NFC 106Kbps 212Kbps 424Kbps 20 RFID Kbps-900Mbps 450Mbps SLB 12Mbps SLE WiFi 2 SparkLink1.0 2022 2 WiFi WiFi Bit 6 1/30 12 6 Bit 60%6 1/30+7dB 2 10 HDC 2023 20 s WiFi 4,096 8 WiFi-7 256 7 WiFi 15-20ms 10-100ms 20us-40ms 8 256 4,096 SparkLink1.0 2022 8-2 10 0.25ms 10ms 30-40ms 130-500ms 8+2+10 2 10 KHz Hz 3 WiFi WiFi 1 2-3 2 AI 1-13 3 WiFi 4-5 WiFi 10 4 5-6 13 9 WiFi TWS 5.23 2017-2019 TWS 13.34 2018-2019 3.11 2021H1 TWS TWS 1.34 2019-2021 TWS 1.30 2019-2021 1.57 2019-2021 Bluetooth LE 2.23 2020-2022 WiFi WiFi 4.93 2016-2018 WiFi 10.60 2016-2018 WiFi 3.88 2019-2020-5-8 2-3 3 1 ECU AR/VR ANC 20 s 1 s AR/VR AR/VR 14 10 20 s 1 s AR/VR AR/VR SparkLink1.0 2022 2 11 jitter 1Mbps 100ms 5ms 0.1%2ms 1%SparkLink1.0 2022 12 10ms 10 10cm 3 10 200ms-1m-SparkLink1.0 2022 3/15/1 10 2 3 13/20m 10m()50MW 3-6 50ms 25Mbps 20m 10MW 12 50ms 2Mbps 10m 10MW 50ms 2Mbps SparkLink1.0 2022 4 5G AGV 5G 5G 5G AGV PDA 14 1Kbps-10Mbps 100-300ms 10ms-99.999%Kbps 50-100ms-16 720-8K 2-100Mbps AR 20ms;50-100ms-AGV 30Mbps,20Mbps 20ms 99.9%4-10Mbps 2-15 1Mbps 100ms 99.9%100 SparkLink1.0 2022 17 1 WiFi WiFi WiFi WiFi WiFi WiFi 2023 8 1.0 2.0 2023-2024 9 10 SparkLink1.0 2022 2021 2 WiFi 2021 51 2017-2021 CAGR 6.94%2021 WiFi 47 2017-2021 CAGR 6.89%IDC 2021 51 2017-2021 CAGR 6.94%2022 53 3.92%2021 WiFi 47 2017-2021 CAGR 6.89%2022 49 4.26%18 11 2017-2022E WiFi%IDC 2021 19 2024 26 2021-2024 CAGR 11%2020 WiFi 180 2023 267 2021 19.1 2022 21 2024 26 2021-2024 CAGR 11%2020 WiFi 6.7 180 2023 267 2020-2023 CAGR 14.05%12 2018-2024E%13 2018-2023E WiFi%2019 41%28%11%2%Techno Systems Research 2019 WiFi MCU 40%29%17%14 2019%15 2019 WiFi MCU%Techno Systems Research 0%2%4%6%8%10%01020304050602017 2018 2019 2020 2021 2022E蓝牙芯片出货量（亿片）WiFi 芯片出货量（亿片）蓝牙芯片出货量yoy（%）WiFi 芯片出货量yoy（%）-5%0%5%10%15%20%0510152025302018 2019 2020 2021 2022E 2023E 2024E中国蓝牙芯片出货量（亿片）中国蓝牙芯片出货量yoy（%）0%5%10%15%20%0501001502002503002018 2019 2020 2021E 2022E 2023E中国WiFi芯片市场规模（亿元）yoy（%）41%28%11%2%18%手机与电脑 音频及娱乐设备 蓝牙互联设备 汽车设备 其他40%29%17%14%家庭物联网配件 家用电器设备 工业互联网 其他 19 1 2023 IoT 23 7 1 SLB TR5510 SLE TR5312.9 4K 16 2 2023 2023 20 17 3 5G V2X 2023Q2 Tier 1 18 21 4 OpenHarmony 5G+8K AI OpenHarmony OpenHarmonyOS 15 1 CPU GPU 4K HDR/2 HoloCeneOS OpenHarmony HoloCeneOS 3 OpenHarmony 4K 2GHz 4 OpenHarmony AI 5 TETRA PDT AI 4G/5G 2+3+1 5G 2013 5G 5G+AI 22 EMS 2022 5G 19 1 2 WiFi 3 20 PE Band 21 PB Band 10 x15x20 x25x40 x050010001500200025003000350040004500Sep/21 Mar/22 Sep/22 Mar/231.0 x1.5x2.0 x2.5x3.0 x0200400600800100012001400Sep/21 Mar/22 Sep/22 Mar/23 23 6-12 A 300 500 20%5-20%5%5%
