HUAXI Securities·2025-05-27 12:59Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - Dexterous hands are the core execution end of humanoid robots, requiring high dexterity, adaptability, and intelligence to perform various tasks such as grasping, pinching, and rotating, which are essential for diverse application scenarios [2][9] - The cost of dexterous hands accounts for 14-18% of the overall cost of humanoid robots, indicating their significant role in the development and manufacturing process [9] - The demand for dexterous hands is expected to grow, driven by advancements in technology and the increasing application of humanoid robots in sectors such as healthcare, industrial automation, and hazardous environments [2][8] Summary by Sections Section 1: Overview of Dexterous Hands - Dexterous hands mimic human hand structure and function, enabling precise operations and fulfilling various operational commands [2][9] - The key components of dexterous hands include the drive system, transmission system, perception system, and control system, which are continuously optimized to meet production and application needs [20][22] Section 2: Application Fields - In the medical field, dexterous hands have significant potential for prosthetics, with advancements allowing for the replication of human hand functions [8] - In industrial automation, dexterous hands can perform more precise operations compared to traditional robotic arms, enhancing efficiency and safety in manufacturing processes [8] - In hazardous environments, dexterous hands can replace human labor in dangerous tasks, ensuring safety and operational efficiency [8] Section 3: Key Beneficiaries - Beneficiaries in the dexterous hand market include companies specializing in components such as screws, motors, reducers, tendons, and tactile sensors, with specific companies identified for each component [3] Section 4: Drive and Transmission Systems - The drive system primarily uses electric motors, with a trend towards increasing degrees of freedom in dexterous hands to enhance their operational capabilities [25][26] - The transmission system includes various methods such as tendon-driven mechanisms, which are widely used due to their advantages in distance transmission and compact design [46][49] Section 5: Component Analysis - The report highlights the importance of micro motors, particularly brushless hollow cup motors, as the mainstream solution for dexterous hands, with a focus on cost advantages and performance [35][39] - The report also discusses the role of micro gear reducers, with planetary reducers being the most commonly used type due to their price and technical maturity [59] Section 6: Market Trends - The report indicates a continuous evolution in the design and functionality of dexterous hands, with companies actively developing new products and technologies to enhance performance and reduce costs [15][38]