WOER(002130) -·2024-12-25 13:49Key Points Industry and Company 1. Industry Focus: The research focuses on the AEC (Active Electrical Connector) market, specifically exploring the supply chain opportunities, competition landscape, market share, value, and technological barriers within the AEC, line materials, and retimer sectors. 2. Companies in Focus: The research highlights several key players in the industry, including Credo, 兆龙互连 (Meg龙互连), 博创 (BoChuang), 新易盛 (XinYiSheng), and others. Core Views and Arguments 1. Market Growth: The AEC market is expected to see significant growth over the next few years, with a projected increase from 1.8 billion in size within 3-4 years. 2. Entry Barriers: The research suggests that the entry barriers for domestic manufacturers in the AEC market are relatively low, primarily due to the availability of Retimer chips and the simpler assembly process compared to optical modules. 3. Competition: The competition within the AEC market is intensifying, with new players entering the market, such as Marvell, which has recently started focusing on this sector and offering Retimer chips. 4. Supply Chain: The supply chain for AEC components, including Retimer chips and copper cables, is becoming more accessible, with domestic manufacturers like Leiting and Wolong Nuclear Materials entering the market. Other Important Content 1. Credo's Market Position: Credo has a significant market share in the AEC market, primarily due to its vertical integration from chips to modules and its early entry into the market. 2. Technological Advancements: The research highlights the technological advancements in Retimer chips and copper cables, which are crucial for the performance and cost-effectiveness of AEC products. 3. Market Dynamics: The research provides insights into the market dynamics of the AEC industry, including customer segments, order volumes, and future market share and pricing expectations.