Phased array radar has the advantages of high reliability and multi-function, and has been basically popularized in the field of ground, shipboard and airborne. However, in the field of missile borne, there are few news or news about other foreign advanced guided weapons carrying active phased array guidance system. The application of active phased array micro system in the field of missile borne has certain first mover advantage. We believe that the field of missile-borne is a new increment of phased array radar, the future will accelerate penetration, equipment release, penetration rate increase jointly drive the rapid development of missile-borne phased array.

Phased array antennas account for more than half of the overall cost of a phased array radar and are mainly composed of hundreds or thousands of TR components. The TR component market includes two modes of internal matching and external procurement of complete machine units. Large domestic radar research institutes, including 14 electrical institutes, 38 electrical institutes and 23 aerospace institutes, have their own TR component production lines. In terms of missile-borne and airborne radar, due to the late application of phased array in this field, some missile-borne and airborne radar overall units are mainly outsourcing TR components, the release of missile-borne phased array radar brings good development opportunities for professional manufacturers of TR components.

TR component industry chain upstream for chips, structural parts, components and other materials, midstream for TR component manufacturing and phased array antenna integration testing, downstream for radar, communications, electronic countermeasures and other complete machines. The cost of chips accounts for about 29% of the price of TR components and is the core raw material of TR components. Upstream chip-related enterprises include 55 Guoji South/Electric Branch, 13 Guoji North/Electric Branch, Cheng Chang Science and Technology, Lei Dian Weili, Rui Xin Sheng Tong, Wuxi Guoxin, Huaguang Ruixin, etc. Relevant enterprises for TR component production include Guobo Electronics, Guoji North/Electric Branch 13, Lei Dian Weili, Yiguang Technology, Wuxi, Wuxi, Wuxi, etc; the downstream of the TR component is mainly the radar research institute of the military-industrial state-owned enterprise.

It is suggested to pay attention to the relevant manufacturers of TR components for missile-borne phased array radar, including Guobo Electronics, Thundermotor Micropower, Yaguang Technology and other targets. Among them, Guobo Electronics has an annual production capacity of hundreds of thousands of channels TR components and is the TR component research and development and production platform with the largest sales volume for various military groups in China. Thundermotor Micropower has been focusing on the development of millimeter wave microsystems for many years, promoting the low-wave microsystems, the company's revenue and net profit maintained rapid growth. Yaguang Technology subsidiary Yaguang Electronics innovates the cooperation mode and gradually establishes a deep cooperation relationship with major customers by means of strategic pre-research with core customers, project cooperation bidding, product line contract manufacturing, etc. to ensure the stability and continuity of the company's core products in technological development and the ability to obtain long-term orders. The company's new TR component production line will reach the trial production state by the end of 2021, it is expected to reach 1.5 times the capacity of TR components in 2022.

Risk Warning: Competition in TR Component Industry Intensifies; The procurement mode of TR components of the whole unit is changed from external procurement to internal matching or replacement of suppliers. Technological innovation has led to the elimination of traditional TR components.