For 14 years, the industry data continued to pick up, the leading index of manufacturers to have confidence in the market outlook, we believe that the industry's slow recovery trend. However this year, the expansion of production capacity is relatively early recovery, the relative valuation of the industry reached a historic high, we give the industry a cautious recommendation rating. Outlook 2015, consumer electronics, new release, intelligent terminal innovation, wearable devices will bring investment opportunities; LED lighting market, the whole industry chain orders full, performance improvement is also worthy of attention.
Intelligent terminal is still the main driving force for the growth of the electronics industry, its performance and functions have been improving, which requires the supplier to provide components, especially the application of new sensors. 2014 three quarter of the country's third party mobile payment transaction size reached 14332 yuan, an increase of more than 400%. A large number of mobile transactions need to secure and convenient payment method, fingerprint recognition to this micro payment method has brought a good user experience. We predict 15 years of fingerprint sensing industry size is more than 100 yuan.
Can be wearable sensor shipments in 2013 for 67 million stars, 2014 estimate about 85 million stars, next year growth to double up to 1.75 a star; the new function of intelligent terminals such as mobile phone will also stimulate the sensor shipments surged, in 2013 and 2019 will grow seven times the recommended Suzhou solid TC, Hua day science and technology, Ophelia.
LED lighting products prices accelerated decline, coupled with the characteristics of durable and energy saving, LED light bulb has a significant cost to win energy-saving lamps. Coupled with the implementation of the national phase out incandescent lamps, LED lighting market is starting. Philips, OSRAM and other international manufacturers have increased efforts to promote sales of LED lighting products, in 2015 the global LED lighting output value will reach $300 million, in 2020 reached 800 million. Downstream applications and channels of our country have obvious advantages, the middle reaches of the packaging capacity has been transferred to China, the upstream chip is not high, but the technology, scale barriers are breaking. We are optimistic about the outbreak led lighting market brings about 3 years high speed growth, the domestic chip, package and application channels will benefit from the full range, Foshan Lighting, honglitronic recommendation.
Risk cue
Technology breakthrough is not expected; domestic parts and components to enhance the good rate or customer certification slower than expected; market competition intensified.