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电新|人形机器人驱动器:通用工控企业逐步入局,关注核心环节进展
中信证券研究· 2025-03-09 09:03
Core Viewpoint - The humanoid robot drive control system is a crucial component of the power system, with expectations for mass production in 2025, presenting growth opportunities for general control companies in the humanoid robot sector [1][6]. Group 1: Drive Control System Development - The drive control system requires specialized development due to the need for high load and high freedom of movement in a limited space, which exceeds the requirements of low to medium power mobile collaborative robots [2]. Group 2: Domestic General Control Enterprises - Domestic general industrial control companies are gradually entering the humanoid robot field, with cautious layouts focusing on the incremental performance contributions from humanoid robots. By 2025, several foreign and domestic companies are expected to launch humanoid robot products, leading to initial applications in industrial and service sectors [3][6]. Group 3: International Landscape - Overseas industrial control companies have limited involvement in humanoid robots, primarily led by companies like Tesla. Potential component suppliers mainly extend from the automotive supply chain, with Japanese companies having historical experience but limited current engagement in the humanoid robot market [4].