Sou Hu Cai Jing·2025-07-07 11:03Core Insights - The report highlights that 2025 will be a pivotal year for the overseas robot industry, driven by AI technology and vertical integration strategies by leading companies [1][5] - Huawei's entry into the robot sector aims to fill China's gaps in core technologies by providing AI algorithms, operating systems, and chips, fostering an ecosystem with various partners [1][6] - The general robot market is expected to experience explosive growth between 2028 and 2030, although its iteration speed will be constrained by the co-evolution of models, data, and hardware [1][7] Industry Dynamics - NVIDIA launched the world's first open-source general humanoid robot base model, GR00T N1, enhancing adaptability and task generalization while reducing development costs [2][5] - Figure has shifted from collaboration with OpenAI to self-developing AI models to ensure optimal hardware-software integration [2][5] - Huawei's ecosystem collaboration and the launch of the embodied intelligence platform are accelerating the application of robot technology across various vertical scenarios in China [2][6] Market Analysis - The report indicates that the general robot market is still maturing, while professional robots are expected to achieve breakthroughs in specific areas [2][7] - The industrial collaborative robot market is projected to reach $2.78 billion by 2028, with a CAGR of 29% from 2023 to 2028, while the commercial collaborative robot market is expected to reach $1.2 billion [7] - The AI-embodied home robot market is anticipated to reach 62.4 billion RMB by 2029, with a CAGR of 60% from 2024 to 2029 [7] Company Recommendations - UBTECH, a leader in humanoid robots in China, has been given a buy rating with a target price of HKD 110, leveraging its core technology in servo drivers [8] - Yujin Robot, a leader in collaborative robots, has also received a buy rating with a target price of HKD 76, following the launch of its humanoid robot Dobot Atom [8] - Tesla, despite short-term setbacks in its automotive business, remains a long-term leader in humanoid robots, with a revised target price of $377 [8] - Woan Robotics, the largest AI-embodied home robot system provider globally, holds a market share of 11.9% and is noted for its comprehensive product offerings [8][3]