机器人行业快评报告：vivo正式进军机器人行业，聚焦家庭与个人场景

Investment Rating - The industry investment rating is "outperform the market," indicating an expected increase of over 10% in the industry index relative to the market over the next six months [10]. Core Insights - Vivo has officially entered the robotics industry, focusing on home and personal scenarios, including elderly care, healthcare, and education, rather than industrial or specialized robots. This strategy aligns with the trend of an aging population in China and avoids competition in the industrial robot market [2]. - The company's research and development will concentrate on the robot's intelligent core (AI model-driven decision-making) and perception systems (imaging and mixed reality technology), rather than the entire hardware structure. This approach leverages Vivo's existing advantages in AI algorithms, imaging chips, and sensor technology from the smartphone sector [2]. - Vivo's entry into the robotics sector introduces new technological pathways and ecological resources, although the commercialization of these innovations will require time to validate. Current home robots are typically single-function devices, while Vivo aims to provide multi-scenario services, which will necessitate overcoming challenges related to generalization and autonomous decision-making [2][3]. Summary by Sections Industry Overview - The humanoid robot industry is at a critical juncture for technological breakthroughs and commercialization, with policy support and increasing entrants driving accelerated development. The year 2025 is anticipated to mark the beginning of large-scale production and application of humanoid robots in both industrial and home settings [3]. Technological Focus - Vivo's robotics lab aims to define future robots' intelligence through two main modules: - "Brain": Enhancing AI decision-making and interaction capabilities for autonomous perception and task execution [8]. - "Eyes": Utilizing imaging technology and mixed reality for spatial awareness, improving robots' understanding of their physical environment [8]. Investment Recommendations - Attention is recommended for high-quality domestic component manufacturers that will benefit from the large-scale application of humanoid robots, as cost remains a significant barrier to widespread adoption [3].