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国泰海通:人形机器人能力边界持续突破 重点关注整机厂商及核心零部件供应商
智通财经网·2025-08-22 02:39

Core Insights - The humanoid robot industry is rapidly advancing towards "human-like autonomous decision-making" driven by technological deepening and scene implementation [1][2][3] Group 1: Technological Breakthroughs - Figure showcased a humanoid robot's ability to walk without visual input, demonstrating significant advancements in walking technology through reinforcement learning [1] - The new Helix walking controller was tested, and Figure previously demonstrated the ability to autonomously fold clothes, highlighting the technology's generalization capabilities [1][2] Group 2: Industry Trends - The humanoid robot sector is evolving from single-task execution to multi-scenario adaptability, with increasing demands on environmental perception, force control precision, and motion planning [2] - The ability to walk with eyes closed requires precise integration of inertial measurement unit (IMU) data and joint position feedback, achieving centimeter-level motion error correction [2] Group 3: Future Outlook - The industry is expected to maintain a dual-driven momentum of "technological deepening" and "scene implementation," with a collaborative upgrade path involving brain, algorithms, data, and components [3] - The application of humanoid robots is gradually expanding from industrial settings to household scenarios, indicating a potential for continuous capability enhancement [3]