Group 1: Company Overview - Company maintains a "buy" rating for QTech Group (01478), focusing on deep investments in drone optics, handheld imaging, and embodied intelligent robotics perception fields [1] - As a core optical module supplier for drones and action cameras, the company offers a complete visual perception solution from cameras to LiDAR, benefiting from rapid growth in downstream markets [1] Group 2: Drone Optical Modules - Continuous upgrades in drone optical modules are noted, with flagship drones typically equipped with about 3 camera modules and 9 visual modules, while mid-range and entry-level drones have fewer [1] - The global aerial drone market is projected to grow from approximately $7.1 billion in 2023 to $12.2 billion by 2030 [1] Group 3: Handheld Imaging Devices - The global action camera market is expected to grow from 31.44 billion yuan in 2023 to 51.35 billion yuan by 2027, with a CAGR of 13.0% [3] - The handheld imaging device market is transitioning from single-camera to dual-camera setups, enhancing long-focus shooting capabilities and supporting advanced features like "one shot, infinite composition, AI one-click production" [3] Group 4: Embodied Robotics Innovation - The company collaborates with partners to develop a dual RGB-D fusion perception solution for embodied robots, addressing challenges in complex environments [4] - This RGB-D system leverages AI visual algorithms to enhance the robot's autonomous movement, environmental interaction, and decision-making capabilities [5] Group 5: Market Potential - The global embodied intelligent robotics market is expected to exceed $60 billion by 2025, with the new perception solution aiming to overcome key development bottlenecks in the industry [5]
中邮证券：维持丘钛科技(01478)“买入”评级 手持影像等新兴领域高速增长