Cambricon(SH:688256) Hua Er Jie Jian Wen·2025-12-15 06:04Core Insights - The transition of artificial intelligence from the digital realm to the physical world is expected to create a global robotics hardware market worth up to $25 trillion by 2050, driven by advancements in AI technology [1][4]. Market Forecast - According to Morgan Stanley's global robotics model, global robotics hardware sales are projected to surge from approximately $100 billion in 2025 to $500 billion by 2030, reaching $9 trillion by 2040 and $25 trillion by 2050 [1][5]. - By 2050, it is estimated that 1.4 billion robots will be sold globally, with a total of 6.5 billion robots in operation [5]. Robotics Diversity - The types of robots will be highly diverse, including industrial robots, service robots, drones, autonomous vehicles, humanoid robots, and household robots, covering various applications from manufacturing to healthcare, agriculture, transportation, defense, and space exploration [8]. Component Demand - The explosive growth of the robotics industry will create significant opportunities for upstream component suppliers. By 2050, the demand for key components will include 5.7 billion cameras, 27 billion motors, 41 billion bearings, and 1.25 million ExaFLOPS of edge computing capacity, among others [9][11]. Investment Opportunities - The demand surge will present major business opportunities for suppliers of motors, bearings, rare earth materials, cameras, sensors, AI chips, and batteries. Small drones and low-altitude robotic systems are identified as the most promising investment areas due to factors such as ease of navigation, government prioritization following lessons from the Russia-Ukraine conflict, and the maturation of regulatory frameworks [11]. China's Competitive Advantage - China is showing a clear leading advantage in the robotics sector, particularly in manufacturing capabilities, control of rare earth materials, and policy support. The country is expected to maintain and expand its leading position over the next decade [4][15]. - By 2050, China is projected to account for approximately 26% of global robot sales, with even higher shares in industrial robots and drones. The country dominates the humanoid robot supply chain, holding a 63% share in the "body" segment [16]. Market Dynamics - The report emphasizes that manufacturing capabilities will become the core competitive advantage in the era of embodied intelligence, contrasting with the previous focus on software and algorithms in the digital AI era. Data, software, manufacturing, and hardware will form a recursive cycle that defines and promotes each other [16].