CMS(SH:600999) 智通财经网·2025-04-10 02:28Core Viewpoint - The humanoid robot industry is expected to enter a mass production phase in 2025, with Tesla being a leading company due to its advanced computing power, chips, models, data, hardware, and application scenarios in automotive manufacturing [1][2]. Industry Trends - The humanoid robot index has significantly outperformed the CSI 300 index since October 2024, indicating strong market interest despite recent adjustments [1]. - The demand for humanoid robots in consumer applications is projected to be substantial, currently in the 0-1 investment phase, necessitating attention to event-driven catalysts [1]. - Major domestic manufacturers have accelerated their entry into the market since 2024, which is expected to further drive industry development [2]. Key Components - Harmonic Reducers: High technical barriers and concentrated competition; domestic manufacturers have largely replaced imports, with Green Harmonic being a leading player [3]. - Planetary Roller Screws: Currently low domestic production rates; achieving mass production is crucial as domestic firms are positioned to become mainstream suppliers due to conservative approaches from European competitors [4]. - Dexterous Hands: Composed of various components with multiple technological routes; domestic companies are gradually gaining market share through localized sales strategies [5]. - Sensors: Essential components with the highest difficulty in six-dimensional force sensing; leading global companies are primarily based in Europe and the US, while domestic Kunwei Technology has a significant market presence [6]. - Lightweight Materials: Important for enhancing performance and accuracy; various materials such as aluminum alloy, magnesium alloy, PEEK, and TPV are being explored [7].