天风证券：看好摆线减速器在人形机器人的应用

Core Viewpoint - Tianfeng Securities expresses optimism about the application of cycloidal reducers in humanoid robots, highlighting their ability to address the shortcomings of planetary and harmonic reducers [1] Industry Insights - Cycloidal reducers utilize a novel transmission device based on cycloidal pin gear meshing, representing a specific application of RV reducers [1] - The current market trend shows multiple companies in the supply chain launching cycloidal products for humanoid robots, indicating a potential increase in the proportion and quantity of cycloidal reducers used in this sector [1] Product Characteristics - The core advantages of cycloidal reducers include: 1. Tesla is in contact with manufacturers of RV reducers, indicating a certain industrial foundation [1] 2. As the industry develops, several cycloidal reducer manufacturers claim they can address the weight issues associated with their application in humanoid robots [1]