Orbbec (SH:688322) Minsheng Securities·2025-05-09 11:52Investment Rating - The report maintains a positive investment rating for the 3D vision sector, particularly highlighting the leading company, Orbbec [5][8]. Core Insights - The report emphasizes the significant potential of 3D vision technology across various industries, including industrial automation, logistics, and consumer electronics, driven by advancements in 3D visual algorithms and sensor technologies [2][4]. - 3D point cloud data enhances spatial reasoning capabilities and task success rates for robots, outperforming traditional 2D methods in various applications [3][72]. - The integration of 3D vision in robotics allows for precise object recognition and manipulation, improving operational efficiency and safety in complex environments [58][64]. Summary by Sections 1. Commercial Applications - 3D Vision Principles and Use Cases - 3D vision is a multidisciplinary field that enables machines to understand and process information in three-dimensional space [10]. - Key tasks include 3D reconstruction, pose estimation, and 3D understanding, which are essential for various applications [11][12][13]. 2. 3D Vision Algorithms - 3D point cloud data provides multiple advantages in robotic models, enhancing spatial reasoning and task success rates [3][72]. - The report discusses the application of 3D sensors and algorithms, highlighting the importance of high-precision data acquisition in robotics [4][5]. 3. Investment Recommendations - The report suggests focusing on leading companies in the 3D vision field, particularly Orbbec, due to their innovative technologies and market positioning [5][8].