The New Era of China's Electronic Measuring Instruments

Electronic measuring instruments are the basic means of measuring information in the material world, and they play an extremely critical role in scientific research. As a basic and strategic industry, electronic measuring instruments have a special status and a vital role in the development of China's science and technology and the improvement of comprehensive national strength. It can be said that it is the "cornerstone" industry that supports scientific progress and technological upgrading.

 

Policy + market dual drive, the industry ushered in the development of "outlet"

 

Policy aspect

 

The electronic measuring instrument industry belongs to the basic equipment industry. It is the foundation of the electronics industry. It is also an indispensable guarantee for the development of many high-precision industries. It has always been supported by Chinese policies.

 

China has successively formulated and implemented policies such as the "Industrial Structure Adjustment Guidance Catalog (2019)" and the "Thirteenth Five-Year" Special Plan for Scientific and Technological Innovation in the Advanced Manufacturing Technology Field, and its emphasis on and support for the electronic measuring instrument industry has continued to increase.

 

In the "Guiding Catalogue of Key Products and Services for Strategic Emerging Industries (2016 Edition)", electronic special equipment and instruments: high-end electronic special measuring instruments are listed as strategic emerging industries.

 

Market aspect

 

In recent years, the rapid development of 3C consumer electronics, new energy vehicles, semiconductor packaging and testing, 5G communications and other industries has gradually expanded the demand for electronic measuring instruments.

 

In the 3C consumer electronics market, on the one hand, 5G commercialization will lead to a new wave of smart phones; on the other hand, emerging consumer markets represented by smart wearable devices are growing rapidly. These are inseparable from electronic measuring instruments to test related products to meet relevant standards and requirements.
 

New energy vehicles have moved from the "cultivation period" to the "growth period", driving the growth of upstream and downstream demand in the industrial chain such as power batteries and charging piles. These all require the use of electronic measuring instruments to accurately measure them.

 

Semiconductor packaging and testing is also a major application field of electronic measuring instruments. The market growth rate of China's semiconductor packaging and testing industry has been stable at more than 10% since 2014. In 2018, the market size reached 219.3 billion yuan, a year-on-year increase of 16.1%.

 

At the same time, with the commercialization of 5G, the 5G industry chain will bring a trillion-level market space, which is also a strong driving force for the growth of demand for electronic measuring instruments.

 

Driven by China's policy and market demand, China's electronic measuring instrument industry has ushered in a developmental "outflow", and the market scale has continued to expand. According to Frost&Sullivan's "Global and China Electronic Measuring Instrument Industry Independent Market Research Report" data, the market size of China's electronic measuring instruments has grown from 17.154 billion yuan to 30.09 billion yuan at a compound annual growth rate of 15.09% from 2015 to 2019. , Which is expected to reach 42.288 billion yuan in 2025.

 

Technology upgrade to realize import substitution

 

At present, the electronic measuring instrument industry, which is in the “outlet” of the industry, is gradually developing in the direction of high efficiency, precision, interconnection and intelligence, and the development of the industry cannot be separated from the promotion of technology.

 

For example, Puyuan Precision Electronics, which will soon be on the Shanghai Stock Exchange's Science and Technology Innovation Board, has always attached great importance to the research and development of high-tech products, implemented the innovation-driven development strategy, and continuously increased investment in scientific and technological research and development. Today, the company not only possesses key core technologies related to its main business products, but also has outstanding technological innovation capabilities and technological achievements transformation capabilities, and some products have realized import substitution.

 

As a professional manufacturer of electronic measuring instruments, Tonghui Electronics has been deeply involved in the industry for more than 20 years. With the ingenuity of "professional, dedicated, and dedicated", it has continued to focus on research and development and improved its technical strength. Some high-end measuring instrument products have realized import substitution. At present, Tonghui Electronics has formed more than 200 electronic measuring instruments in 6 categories, covering 3C consumer electronics, 5G communications, semiconductor packaging and testing, new energy vehicles, power electronics, household appliances and other industries.

 

With the support of China's policies, China's electronic measurement enterprises will usher in an important opportunity for accelerated development and layout adjustment in a good market environment.