Orbbec (SH:688322) Minsheng Securities·2025-05-09 12:23Investment 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, consumer electronics, and biometric recognition [2][4]. - It discusses the advantages of 3D point cloud data in enhancing spatial reasoning capabilities and improving task success rates for robots, outperforming traditional 2D methods [3][72]. - The report identifies key applications of 3D vision technology, such as high-precision scanning, intelligent robotics, smart logistics, and biometric identification [50][58][69]. Summary by Sections 1. Commercial Applications - 3D vision technology is crucial for industrial automation, enabling precise object recognition and manipulation [58]. - The technology is widely applied in high-precision scanning for quality control in manufacturing [50]. 2. 3D Vision Algorithms - 3D point cloud data enhances robots' spatial reasoning and task success rates, demonstrating superior performance compared to RGB and RGB-D methods [3][72]. - The report highlights the importance of 3D sensors in improving robots' perception and decision-making capabilities [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 position [5][8].