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财信证券-人形机器人行业深度报告(一):集技术大成之手,可否重塑未来?-250408

我们认为人形机器人是继电脑、智能手机和新能源汽车后的另一个颠覆性产品的赛道。人形机器人产业链主要由上游零部件、中游人形机器人本体及下游终端应用等环节组成。上游包括减速器、电机、丝杠、控制器、传感器等硬件部分,以及软件系统部分。国内人形机器人起步较晚,但追赶迅速。目前行业尚处于产业化初期,入场企业繁多,国内入场企业基本全面覆盖产业链所有环节。根据 GGII 预测,预计到 2030年全球人形机器人市场

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