大摩预测仅本体硬件营收，高达25万亿美元

Core Insights - The article discusses the ongoing advancements in the embodiment of intelligence by major tech and AI companies, indicating that their foray into the physical realm is not just beginning but has been progressing along a "digital-physical" evolution path [1][4]. Group 1: Industry Trends - Major tech companies like Google, OpenAI, and Apple are transitioning from digital products to physical applications, with a focus on chatbots from 2022 to 2024, and plans to expand into wearable and mobile devices post-2025 [1]. - The global robotics market is projected to reach $25 trillion in hardware revenue by 2050, with significant growth expected to surpass $500 billion by 2030 and approximately $9 trillion by 2040 [4]. Group 2: Market Potential - To support the anticipated market size, a vast array of components and computational resources will be necessary. For instance, selling 1.4 billion robots by 2050 would require 5.7 billion cameras valued at $277 billion, 27 billion motors worth $2.5 trillion, and 1.7 million tons of rare earth magnets valued at $167 billion [7]. Group 3: Competitive Landscape - China has established a leading position in the robotics and physical AI sectors, with the report highlighting that the gap between China and Western countries is continuously widening due to strong policy support and guidance [8].