20230719_华安证券_机械行业证券研究报告：智能制造前瞻布局把握MEMS传感器国产替代机遇_52页.pdf
MEMS S0010522070003 2023年7 月19 日 MEMS MEMS MEMS 54%MEMS MEMS MEMS MEMS ST MEMS Optimus 885946.TI 84 A MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS-ASIC-MEMS-MEMS-CMOS-2XVBYwPrMoNmNoQnOnQrOqRbR8Q6MtRnNsQmPfQnNqPfQmNwPbRpOsONZrRqQwMsOrR 1 MEMS 2 MEMS 3 MEMS 4 5 01 MEMS 1.1 MEMS MEMS,Micro-Electro-Mechanical System LIGA MEMS MEMS 3mm 3mm 1.5mm MEMS MEMS ASIC MEMS ASIC MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS 5 1.2 MEMS MEMS 0.1 100 MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS 1 MEMS 6 1.2 MEMS 2 MEMS 7 1.2 MEMS MEMS 3C()MEMS Omdia 2022 MEMS 184.77 2017-2022 5.77%2022 MEMS 982.1 15.1%2025 1571.3 2022-2025 17.0%Yole Intelligence 0501001502002017 2018 2019 2020 2021 2022()3 MEMS 0200400600800100012002017 2018 2019 2020 2021 2022()4 MEMS 8 1.3 MEMS 5 MEMS 9 1.3 MEMS MEMS MEMS MEMS 6 MEMS 10 1.3 MEMS CCID 7 MEMS MEMS MEMS MEMS MEMS 41.8%28.1%16.7%9.1%,41.80%,28.10%,16.70%,9.10%11 1 MEMS 2 MEMS 3 MEMS 4 5 02 MEMS 2.1 MEMS MEMS MEMS GPS MEMS 14 2.1.1 MEMS 8 MEMS MEMS()15 2.1.1 MEMS 9 MEMS MEMS 16 2.1.2 MEMS Yole Intelligence Yole Intelligence 2021 MEMS MEMS 2018 14.72 17.63 2021 16.05 20.04 2027 25.35 26.24 10 MEMS 14.7214.9314.5516.0517.63 17.56 17.6220.0405101520252018 2019 2020 2021()()17 2.2 MEMS MEMS MEMS MEMS FBBM 4 MEMS MEMS 1000 18 2.2 MEMS 11 MEMS 19 2.2 MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS IMU MEMS ASIC MEMS 20 MEMS 2.2.1 MEMS 12 13 21 MEMS MEMS ASIC MEMS ASIC ASIC 2.2.1 MEMS 14 MEMS 22 MEMS MEMS ASIC MEMS ASIC ASIC/2.2.2 MEMS 15 MEMS 5G 23 2.2.2 MEMS 16 17 18 24 IMU MEMS MEMS IMU IMU BOSCH ST TDK MEMS MEMS ASIC 2.2.3 MEMS IMU 25 2.2.4 MEMS MEMS MEMS MEMS MEMS TPWS GPS TWS 19 MEMS 26 2.2.5 MEMS Yole Intelligence Yole Intelligence MEMS 2018 28.31 31.21 202135.09 39.39 2027 49.43 60.60 2018 2027 6.39%7.65%MEMS 2018 9.14 10.23 2021 12.19 15.37 2027 16.41 24.28 2018 2027 6.72%10.08%20 MEMS 9.149.6910.4512.194.85 4.283.753.7413.7914.6115.0718.30.530.550.570.8605101520253035402018 2019 2020 2021 IMU 10.2311.3412.5815.375.134.353.543.4912.0412.6713.1214.73.814.354.815.830510152025303540452018 2019 2020 2021 IMU 21 MEMS 27 2.3 MEMS 22/28 2.3 MEMS 23 29 2.3.1 MEMS 24 30 2.3.2 MEMS 25 31 2.3.3 MEMS 26 1896 27 32 2.3.4 MEMS 28 1995 MEMS 33 2.3.5 MEMS 29 MEMS 34 1 MEMS 2 MEMS 3 MEMS 4 5 03 MEMS 3.1 MEMS MEMS MEMS MEMS/MEMS MEMS MEMS MEMS MEMS 37 3.1 MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS 25 40 MEMS MEMS BMW740i 70 MEMS MEMS MEMSMEMS MEMS MEMS MEMS 1 2 3.4.5 30 MEMS 38 3.2 MEMS MEMS 20 80 MEMS MEMS MEMS MEMS 31 39 3.2 MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS IC MEMS MEMS MEMS MEMS MEMS 40 3.2 MEMS 32 MEMS 41 3.2 MEMS MEMS MEMS MEMS 42 3.2 MEMS 33 MEMS MEMS MEMS CMOS 43 3.2 MEMS 34 MEMS MEMS()(sidewall profile)MEMS MEMS MEMS 44 3.3 MEMS 2018 2017-2019(SIP)2019 MEMS)2020 MEMS 2021 2021-2023 MEMS 35 MEMS 45 3.3 MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS MEMS 46 1 1 MEMS 2 MEMS 3 MEMS 4 5 4 MEMS iFinD 36 2023.07.18 2022A 2023E 2024E 2025E 2022A 2023E 2024E 2025E 688286.SH 58.24-1.03 0.47 1.10 1.63-57 123 53 36 688052.SH 165.33 1.76 2.89 4.98 6.92 94 57 33 24 600460.SH 30.87 0.74 0.89 1.16 1.38 42 35 27 22 688582.SH 42.70 0.29 0.40 0.58 0.79 146 107 74 54 300445.SZ 17.22 0.36 0.46 0.67 0.87 48 37 26 20 688539.SH 41.35 0.61 0.91 1.18 1.47 68 45 35 28 48 1 MEMS 2 MEMS 3 MEMS 4 5 1.2.3.4.5.50 6 A 300 500 6 5%;6-5%5%;6 5%;6-12 15%6-12 5%15%6-12-5%5%6-12 5%6-12 15%51 52
