2025年，全球人形机器人市场迎来规模化起点。国际数据公司(IDC)数据显示，全年全球人形机器人出 货量接近1.8万台，同比增长约508%，销售额约4.4亿美元；同期，累计销售订单量预计超过3.5万台， 为后续交付和市场持续放量奠定基础。 人形机器人是指在结构形态上采用人形或类人形设计的机器人系统，通常具备躯干、头部、双臂等关键 人形结构，并在功能层面集成类人的感知、学习、决策与执行能力。其通过仿人化的身体构型，能够模 拟人类动作与交互行为，在动态环境中执行多任务，并实现与人类或其他系统的自然交互。 中国厂商引领市场规模化落地 从厂商格局来看，中国厂商凭借完善的制造体系、快速迭代能力与成本优势，在全球市场中占据主导地 位： 智元机器人、宇树科技出货约为5千台，位居行业头部，具备规模化交付能力、产品成熟度以及应用场 景覆盖上具有领先优势。 乐聚机器人、加速进化和松延动力出货1千台左右，专注重点场景的落地。 其中，全尺寸双足人形机器人贡献41.6%的销售额，为所有产品形态中最高，凭借更高的智能化水平和 复杂环境适应能力，在导览导购、文娱商演及科研教育等场景中实现较快推广。该细分市场呈现明显头 部集中，智元机器人在 ...

人形机器人产业尚处于起步阶段，但早期优势加速了中国在研发和布局上的进展，有可能锁定其主导地 位，复制在电动汽车领域的成功策略。全球技术市场研究咨询机构Omdia的分析师苏廉节表示，中国的 早期优势来自于"政策支持、公共投资、成熟的供应链以及人工智能软硬件的进步"。 2025年全球人形机器人出货量在1.3万至1.8万台之间。中国的宇树科技去年出货超过5500台，全球最 高，另一家中国公司智元机器人以5168台排名第二。这让人联想起中国如何在电动汽车领域建立起领先 地位——早期的国家支持、产业政策催生数十家新入局者，快速拓展将它们推上全球畅销车榜前列。在 苏廉节分析师看来，"中国人形机器人供应商在设计中使用越来越多的本土零配件，这有助于提高成本 效益、保障供应链安全，并推动本土化创新和上市进度"。 美国"世界其他地方"网站2月5日文章，原题：中国正在机器人领域复制电动汽车的模式，且行之有效 中国企业控制着全球人形机器人的大部分市场份额，主导着这项重塑制造业和劳动力的前沿科技，西方 企业几乎无法与之竞争。2025年，当硅谷还在为人形机器人的未来营销策划时，中国的机器人已在忙着 出货了。去年，全球销售的人形机器人大多 ...

2025年全球人形机器人出货量在1.3万至1.8万台之间。中国的宇树科技去年出货超过5500台，全球最 高，另一家中国公司智元机器人以5168台排名第二。这让人联想起中国如何在电动汽车领域建立起领先 地位——早期的国家支持、产业政策催生数十家新入局者，快速拓展将它们推上全球畅销车榜前列。在 苏廉节分析师看来，"中国人形机器人供应商在设计中使用越来越多的本土零配件，这有助于提高成本 效益、保障供应链安全，并推动本土化创新和上市进度"。 登上Omdia"最畅销人形机器人排行榜"的3家非中国公司均来自美国：Figure AI、Agility Robotics和Tesla （特斯拉），但都远远落后于中国竞争对手，平均每家出货量只有约150台。特斯拉首席执行官马斯克 最近承认中企的实力，"中国在人工智能和制造业上都很出色，无疑将是特斯拉最强劲的竞争对手"。 （作者Kinling Lo，董铭译） 美国"世界其他地方"网站2月5日文章，原题：中国正在机器人领域复制电动汽车的模式，且行之有效 中国企业控制着全球人形机器人的大部分市场份额，主导着这项重塑制造业和劳动力的前沿科技，西方 企业几乎无法与之竞争。2025年，当硅谷还 ...

Group 1 - The rapid evolution and application of artificial intelligence and cutting-edge technologies are causing societal adaptation challenges, leading to feelings of uncertainty among people [1][2] - The focus of technological advancement should be human-centered, with an emphasis on shaping a better future through technology by 2030 [2] Group 2 - The "third transformation" of human life aims to extend healthy lifespan rather than just lifespan, with significant implications for global health and economy [3][5] - Human life expectancy has doubled over the past century, but the growth rate has significantly slowed down, with some regions experiencing stagnation or decline [4] - By 2030, the quality of life is projected to be a major focus, with non-communicable diseases potentially costing the global economy up to $47 trillion if not addressed [5] Group 3 - Advances in gene therapy and artificial intelligence are expected to play crucial roles in extending healthy lifespan, with technologies like CRISPR and AI enhancing medical capabilities [9][17] - Clinical breakthroughs in preventive gene therapy and RNA therapies are showing promise in treating chronic diseases effectively [10][12] - Epigenetic reprogramming is emerging as a potential method to reverse aging, with ongoing research aiming for clinical trials by 2026 [15] Group 4 - Artificial intelligence is set to enhance medical efficiency and understanding of human health, with applications in drug development, disease screening, and personal health management expected to yield significant results by 2030 [17][18] - AI is accelerating drug development processes, reducing timelines from years to months, and improving the success rates of new treatments [18][19] Group 5 - The development of exoskeleton technology is enhancing human physical capabilities, with applications in medical rehabilitation, industrial safety, and personal use expected to expand significantly [24][25] - Innovations in exoskeletons are making them more adaptable and user-friendly, with advancements in sensor technology and materials [28][30] Group 6 - The eVTOL market is projected to grow significantly, with advancements in battery technology and noise reduction strategies being critical for its acceptance and integration into urban transportation [31][32] - The evolution of drones into autonomous aerial robots is enhancing their capabilities for both consumer and industrial applications [34] Group 7 - The development of brain-computer interfaces (BCIs) is transforming the treatment of neurological conditions and enhancing human capabilities, with both invasive and non-invasive technologies showing promise [51][54] - BCIs are moving from experimental to standard treatment options for conditions like paralysis, with significant advancements in technology and regulatory approval processes [52][53]

Core Insights - The article emphasizes the rapid evolution and application of artificial intelligence and cutting-edge technologies across various fields, urging a human-centered approach to technological advancement [3][4][5]. Group 1: Human Life's "Third Transformation" - Extending Healthy Lifespan - Human life expectancy has doubled over the past century, with significant improvements attributed to public health, antibiotics, and vaccines [7]. - Recent research indicates a dramatic slowdown in the growth rate of life expectancy, with the average increase dropping to below 0.25 years per decade in the last 30 years [8]. - A shift is occurring from merely extending lifespan to enhancing healthspan, which is the period of life spent in good health, with potential economic implications of up to $47 trillion in costs from non-communicable diseases by 2030 [9]. Group 2: Programmable Life - Gene Therapy - Gene therapy is moving towards optimizing the "life code," with advancements in CRISPR technology and delivery systems expected to mature by 2030 [11]. - Clinical breakthroughs in preventive gene therapy, such as Verve Therapeutics' treatment for cardiovascular disease, show promising results with significant reductions in LDL-C levels [12]. - The success of personalized CRISPR therapy in curing a fatal metabolic disease in a patient highlights the potential of gene therapy [14]. Group 3: Health Planning - AI Enhancing Medical Efficiency - AI is set to revolutionize drug development, disease screening, and personal health management by 2030, significantly reducing the time and cost associated with traditional drug development [21]. - AI combined with multi-omics technology is facilitating faster and more accurate disease screening, with notable advancements in cancer detection [23]. - Aging clock technology is evolving, enabling precise monitoring of aging processes and identifying underlying causes of aging [25]. Group 4: Enhancing Physical Capability - Exoskeleton Technology - Exoskeleton technology is advancing to enhance human physical capabilities, with applications in medical rehabilitation, industrial safety, and personal use [30]. - In the medical field, exoskeletons are evolving from mere mobility aids to intelligent devices that promote neurological recovery [31]. - Consumer-grade exoskeletons are expected to become popular for outdoor activities, significantly improving mobility for users [32]. Group 5: Flying Technology - eVTOL Development - The eVTOL market is projected to reach $41 billion in China by 2040, with significant advancements in battery technology expected to triple flight ranges [37]. - Noise reduction technologies are being explored to enhance social acceptance of eVTOLs, with strategies like "noise corridors" being implemented [38]. - The evolution of drones into aerial robots is enhancing capabilities in both consumer and industrial applications, with significant advancements in autonomous operations [40]. Group 6: Brain-Machine Interfaces - A New Era of Interaction - Brain-machine interfaces (BCIs) are transitioning from experimental therapies to standard treatment options for conditions like paralysis, with companies like Neuralink leading the way [61]. - Non-invasive BCIs are emerging, allowing for enhanced human-computer interaction, with applications in consumer technology [63]. - The integration of BCIs with AI could redefine human-AI collaboration, raising ethical considerations regarding privacy and data protection [64].

2025年春晚，宇树机器人的一支秧歌舞点燃了资本狂热。2026年春晚，各家又在争夺这个难得的表演名 额。这一年，为了吸引眼球，你方唱罢我登场的戏码层出不穷，观众似乎早已审美疲劳，无非是从跑 步，到跳舞到武打，"大号玩具"的论调此起彼伏。 回顾这一年，在成绩与彷徨中，各家独角兽公司不断摸索与试错。人形机器人在公开场合完成了几乎所 有"可视化"的动作：跑步、跳舞、翻滚、对打……这些动作一次次刷新视频平台的播放量，却也同步降 低了它们在产业语境中的含金量。 真正的拐点在于：当所有公司都能表演，表演就不再是竞争力。 资本市场已经率先感受到这种变化。估值快速抬升的同时，订单、交付和规模化数据却明显滞后，技术 进展与商业兑现之间出现了越来越难以忽视的剪刀差。 这也是为什么，"泡沫"开始频繁出现在行业讨论中——并非因为技术停滞，而是因为衡量成功的标准， 已经悄然发生变化。 当炫技失效 对中国从业者而言,这份报告最大的价值不在于描述美国市场发生了什么,而在于提供了一套全新的评估 标准。当国内资本仍在为"又一家公司融资XX亿"欢呼时,美国行业逐渐将关注点转向三个硬核指标:投资 回收期(制造业要求16个月内)、任务切换能力(机器 ...

文｜融中财经 2025年春晚，宇树机器人的一支秧歌舞点燃了资本狂热。2026年春晚，各家又在争夺这个难得的表演名 额。这一年，为了吸引眼球，你方唱罢我登场的戏码层出不穷，观众似乎早已审美疲劳，无非是从跑 步，到跳舞到武打，"大号玩具"的论调此起彼伏。 回顾这一年，在成绩与彷徨中，各家独角兽公司不断摸索与试错。人形机器人在公开场合完成了几乎所 有"可视化"的动作：跑步、跳舞、翻滚、对打……这些动作一次次刷新视频平台的播放量，却也同步降 低了它们在产业语境中的含金量。 真正的拐点在于：当所有公司都能表演，表演就不再是竞争力。 资本市场已经率先感受到这种变化。估值快速抬升的同时，订单、交付和规模化数据却明显滞后，技术 进展与商业兑现之间出现了越来越难以忽视的剪刀差。 这也是为什么，"泡沫"开始频繁出现在行业讨论中——并非因为技术停滞，而是因为衡量成功的标准， 已经悄然发生变化。 当炫技失效 在这场标准重塑的过程中，中国市场并非孤立。一份来自全球机器人产业一线的年度调研报告,提供了 一个有价值的参照坐标。 1月26日，在中国刚刚官宣上春晚的机器人名单时，The Robot Report发布的《2026年机器人行业展望 ...

TrendForce集邦咨询指出，要跨越续航五至八小时的门槛，可采取"换电策略"，如Agility Robotics(敏捷机器人)的Digit、Apptronik的Apollo通过热插拔技 术，换电池时无须重启，以实现理论上的24小时不间断工作。另一方式是通过高能量密度电池技术提升电池容量，如Xpeng(小鹏) IRON、GAC GoMate、 Engineai T800等机器人选择搭载固态电池，续航大幅提升至四小时以上。 目前人形机器人电池产品的开发，尚面临两大挑战：第一，由于关节设计、构型选择、AI边缘算力等机器人的核心技术尚在快速迭代，电池的定制化开 发面临较大不确定性，如电池的安装空间、功耗需求皆会受机器人不同的技术构型影响。第二，由于人形机器人尚在商用化初期，产业的首要目标是寻找 可大规模商用化的场景，续航力改善属次要任务，因此，尚无法刺激相关电池技术达成关键突破。 尽管如此，人形机器人对高能量密度、高倍率放电、高安全型电池的需求，正好可作为固态电池的"试验场"，以发挥其能量密度优势。随着固态电池技术 突破与成本下降，将有助人形机器人打破动力瓶颈。 TrendForce集邦咨询预计，2026年全球人 ...

Core Insights - The report by Omdia highlights the dominance of Chinese manufacturers in the humanoid robot market, with Zhiyuan leading with over 5,100 units shipped, capturing 39% of the global market share [1] - By 2025, the top six humanoid robot manufacturers will all be Chinese, collectively accounting for 86.9% of global shipments [1] Group 1: Market Performance - In 2024, total shipments of humanoid robots are projected to be 2,300 units, increasing to 13,318 units in 2025 [2] - The report indicates that the humanoid robot index rose by 1.66%, with significant stock price increases for companies like Jizhi Co. and Hongxun Technology [3] Group 2: Industry Developments - At CES 2023, several Chinese humanoid robot companies showcased their products, including Zhiyuan's launch of the Genie Sim 3.0 platform, which enhances model training and application [4] - Other companies like Unitree and Fourier Intelligence also presented their latest humanoid robots and solutions, indicating a strong presence in the market [4][5] Group 3: Future Projections - Omdia predicts exponential growth in the humanoid robot market, with global shipments expected to reach 2.6 million units by 2035 [6] - Companies like Zhiyuan and Tesla are positioned as leaders in the industry, driving rapid development and innovation [6] Group 4: Strategic Investments - Companies are actively investing in humanoid robotics, with Hongrun Construction and Guoji Precision Engineering announcing partnerships and new product lines aimed at enhancing their market positions [7] - The domestic humanoid robot shipment is expected to rise to 62,500 units by 2026, marking a significant milestone for the industry [7]

Market Performance - The Shanghai Composite Index closed at 4120.43 points, up 0.92%, marking a 16-day consecutive rise [1] - The Shenzhen Component Index rose 1.15% to 14120.15 points, while the ChiNext Index increased by 0.77% to 3327.81 points [1] - The total trading volume for the Shanghai market was approximately 12.892 billion yuan, and for the Shenzhen market, it was about 18.336 billion yuan [1] Sector Performance - AI application sectors led the market, with significant gains in various related concepts such as Kimi, Sora, and AIGC [1] - Other active sectors included satellite internet, commercial aerospace, and space big data, along with notable increases in small metals, precious metals, and duty-free shops [1] Institutional Insights - The market is showing an upward trend, with many sectors supported at the 60-day moving average, indicating a new round of bullish momentum [2] - Long-term investment opportunities are suggested in high-growth sectors such as semiconductors, consumer electronics, artificial intelligence, and commercial aerospace [2] - A recent improvement in the overall industry prosperity index and PMI supports the positive outlook for the market [2][3] Policy Developments - The "Guidelines for the Construction and Application of Industrial Green Microgrids (2026-2030)" were issued to promote green energy applications in industrial sectors [4] - The guidelines emphasize a minimum of 60% self-consumption of renewable energy for new industrial projects [4] Robotics Market - A report indicates that by 2025, the top six companies in global humanoid robot shipments will be Chinese, with a total expected shipment of 13,000 units [5] - The leading company, Zhiyuan, is projected to capture 39% of the market share with over 5,100 units shipped [5] Company News - MiniMax, an AGI company, saw its stock price surge by 90.9% upon its listing on the Hong Kong Stock Exchange, reaching a market capitalization of approximately 91.94 billion HKD [7] - The company raised about 5.54 billion HKD through its IPO, which will be allocated for model upgrades and AI product development [7]