人形机器人行业观点报告：全球特种机器人产业快速发展，中国特种机器人市场规模不断扩大-20250829

Investment Rating - The industry investment rating is "Overweight (Maintain)" [1] Core Viewpoints - The special robot industry is experiencing rapid global development, with China's market size continuously expanding. The global special robot market is projected to reach USD 14 billion in 2024, with a five-year compound annual growth rate (CAGR) of 20.68%. By 2025, it is expected to grow to USD 15.4 billion. In China, the market size is anticipated to reach CNY 24.6 billion in 2024, with a CAGR of 27.17%, and is projected to reach CNY 27.1 billion in 2025 [6][7]. Summary by Sections Industry Overview - Special robots are designed to replace or assist humans in dangerous, heavy, or complex tasks, significantly improving efficiency and safety. They are highly specialized and intelligent, equipped with advanced sensors, processors, communication technologies, and algorithms for efficient autonomous or remote operations [4]. Market Trends - The demand for special robots is increasing across various sectors, including military, rescue, agriculture, and medical fields. In 2024, there were 30 investment events in China's special robot sector, with a total investment amount of CNY 2.752 billion. In the first quarter of 2025, there were 14 events with an investment of CNY 681 million [6][7]. Company Developments - Jingye Intelligent: Launched the "Wolf 2" product, a quadruped robot designed for high-risk nuclear industry scenarios, integrating environmental monitoring and AI-driven technologies [7]. - Construction Industry: Focused on the "14th Five-Year Plan" and actively planning the "15th Five-Year Plan," emphasizing the integration of mechanization, information technology, and intelligence in product development [7]. - Yijiahe: Developed a product system combining high-value special robots and intelligent operation tools, expanding collaborations across various industries [7]. - Zhaowei Machinery: Introduced a dexterous hand product for industrial applications, showcasing adaptability in complex environments [10]. - CITIC Heavy Industries: Developed an intelligent explosion-proof robot, recognized as a "National Manufacturing Single Champion" [10]. Investment Recommendations - Recommended companies to watch include Jingye Intelligent, Construction Industry, Yijiahe, New Emerging Equipment, Jingpin Special Equipment, Zhaowei Machinery, CITIC Heavy Industries, and others [8].