“结构件”与“手套”：特斯拉Optimus机器人轻量化的“关键一环”

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report emphasizes that "structural components" and "gloves" are key elements for the lightweight design of Tesla's Optimus robot, highlighting their importance in achieving safety, environmental adaptability, and human-like interaction [13][29] - The projected market space for structural components and gloves corresponding to the mass production of one million humanoid robots is estimated to exceed 10 billion yuan [37] Summary by Sections 1. Structural Components - Structural components serve as the foundational "skeleton and joint support" for humanoid robots, directly influencing their ability to perform human-like movements and adapt to complex application scenarios [5] - Leading manufacturers, such as Tesla, emphasize the design of structural components for motion adaptability, lightweight construction, and strength balance, which are critical for achieving high performance [15][16] - The market for structural components is transitioning from traditional metal materials to a multi-material system integration approach, driven by the need for innovation in materials and structural optimization [16][27] 2. Gloves - The gloves are crucial for the precise operation of humanoid robots, impacting tactile feedback, stability in grasping, and safety in human-robot interaction [6][29] - The design of gloves involves balancing rigidity, flexibility, and safety, with recent advancements focusing on a "rigid-flexible-soft" structure to enhance performance [29][30] - The report identifies that companies with deep expertise in textile materials and composite processes, capable of collaborating with downstream manufacturers, are likely to benefit from the growth of humanoid robots [36] 3. Market Potential - The estimated market potential for structural components is 18 billion yuan, while gloves are projected to contribute an additional 4 billion yuan, based on the anticipated production of one million humanoid robots [37][38] - The report suggests that companies with rapid response capabilities and precision manufacturing in the automotive supply chain are well-positioned to capitalize on these opportunities [27][39]