国泰海通｜机械：人形机器人量产风口下的价值锚点——灵巧手行业专题报告

Core Viewpoint - The humanoid robot industry is experiencing significant growth, with dexterous hands expected to achieve large-scale development as a critical component of humanoid robots, evolving towards higher biomimicry, integration, and intelligence [1][2]. Market Size and Growth - The global market for multi-finger dexterous hands is projected to exceed $5 billion by 2030, with a CAGR of 64.6% from 2024 to 2030 [2]. - Global humanoid robot sales are estimated to reach 1.24 million units in 2025, nearly 3.4 million units by 2030, and over 5 million units by 2035, with corresponding market sizes of approximately 63.39 billion, over 640 billion, and over 4 trillion yuan respectively [2]. - The CAGR for humanoid robot sales is approximately 94% from 2025 to 2030 and 71% from 2030 to 2035, indicating strong mid-to-long-term growth potential [2]. Competitive Landscape - The dexterous hand market is seeing rapid advancements in China, with companies like InTime Robotics and Aoi Technology emerging as strong competitors [3]. - North America currently holds a significant advantage in the dexterous hand industry, while China is quickly accumulating technical expertise and accelerating marketization due to its large market and government support [3]. - In 2024, the market share of dexterous hands is expected to be 32.56% in North America, 25.25% in Europe, and 37.92% in the Asia-Pacific region [3]. Technological Trends - Key technological trends in dexterous hands include lightweight design, high biomimicry and freedom of movement, primarily motor-driven mechanisms, and a shift towards direct drive and hybrid transmission systems [3]. - Multi-modal perception is also becoming a significant focus in the development of dexterous hands [3].