What new opportunities will the growing Internet of Vehicles market bring to magnetic component enterprises?

forecast

The government departments in Wuhan and Chongqing recently issued the pilot policy of unmanned automatic driving and issued Baidu with the first nationwide pilot operation qualification of unmanned automatic driving, which is an important milestone in the commercialization of automatic driving in China. As we all know, the test of automatic driving is not only the "car" itself, but also has great requirements in "road, cloud, network" and other aspects, which has been far away from the network construction that cannot drive online.

Te rapid development of 5G industry and automatic driving industry will make the scale of the Internet of Vehicles market grow rapidly. According to the data of the China Business Industry Research Institute, it is estimated that the average annual composite growth rate of China Telecom will be 29.95% in 2017-2020, and the telecom market size will reach 277.1 billion yuan in 2022. The forward-looking research institute predicts that with the increase of user scale year by year, the scale of the Internet of Vehicles market is expected to reach 800 billion yuan in 2026.

New opportunities

With the expansion of the scale of the Internet of Vehicles market, network transformer enterprises have found new market value-added points. For example, network transformer enterprises such as Mingpu Optical Magnetic and Jingweida have also increased investment in new network transformers in recent years.

In response to recent investors' questions, Mingpu Optical Magnet said that in 2021, the revenue of Mingpu Optical Magnet communication magnetic parts was 1.253 billion yuan, accounting for 56.01% of the company's overall revenue. With the promotion of telecommunications, the requirements for high-speed transmission and stability of on-board network have become very stringent. Therefore, the requirements for high frequency, low loss and stability of traditional network transformers have also been put forward. Mingpu Optical Magnet has repeatedly upgraded on the basis of traditional network transformer products. At present, the company's chip-based network transformer has officially taken over the bulk supply of traditional network transformer. In addition, Mingpu Optics and Magnetics has recently launched an automotive network transformer. The product supports a variety of technologies applied to automobiles. In addition, the product is also designed with a working temperature range of - 40 to 125, with high signal filtering, isolation and reliability, meeting the quality requirements of AEC-Q200 vehicles.

In view of the shortcomings of traditional network transformer such as large area, large labor cost and long delivery time, Jingweida has independently developed a new type of separated network transformer. It is reported that the separated network transformer produced by Jingweida has been laid out since 2020 and has now realized automatic mass production. Previously, the chairman of Jingweida said that Jingweida has now become a professional network transformer enterprise, and the telecom market is expected to provide high-speed data transmission equipment, EMC equipment, energy conversion and other equipment to the market in the future.

future

Not only is the network transformer used for information transmission, but also the automotive inductor is in increasing demand with the development of intelligent vehicles. As an early domestic magnetic parts enterprise in the field of new energy vehicles and intelligent vehicles, Shundian has automotive electronics related products covering automotive battery management systems, auto drive system, telecommunications, etc. However, please note that since the supply chain of the traditional automobile market is basically stable, there are numerous magnetic parts enterprises entering the domestic automotive electronics field. At present, China has been at the forefront of the world in the field of new energy vehicles and automatic driving, which is a good time to reshape the automobile industry chain. We will wait and see how the domestic magnetic parts enterprises will respond in the face of the times.