外骨骼机器人产业发展前景广阔。中银证券杨思睿2024年11月5日研报显示，ABI机构预测，全球外骨骼机器人产业产值增长迅猛，将从2020年的 3.92亿美元增至2030年的68亿美元，年复合增长率达33%；出货量也将从2025年的10.7万件增长到2028年的30.1万件。 外骨骼机器人作为一种可穿戴式设备，可将人与机械动力装置整合，显著增强人的运动能力。在机器人产业发展趋势方面，浙商证券李商等人2月 19日研报指出，人形机器人宏观级量产除需技术突破，还需应对就业冲击这一宏观变量。在此背景下，对人替代较小的领域，如外骨骼机器人 等，将成为人形机器人风口。 技术层面，外骨骼机器人依赖复杂的电控、电机技术及传感系统，且需具备强大的智能控制能力。产业链方面，外骨骼机器人与人形机器人在上 游零部件等环节重叠度较高，但整机设备厂商和下游存在差异。杨思睿认为，外骨骼机器人正处在从技术成熟迈向快速商业化的关键节点，与人 形机器人发展阶段相似，既可复用产业链供应端，又具备自身独特优势，预计将在医疗、运动、工业等刚需场景率先应用，若出现"爆款"，还有 望在消费领域取得突破。随着技术进步与市场需求释放，外骨骼机器人产业有望迎来更 ...

Summary of Exoskeleton Robot Industry Research Industry Overview - Exoskeleton robots are electromechanical devices that assist in daily tasks such as lifting, carrying, and rehabilitation through wearable forms [1] - They can be categorized based on the body part they assist: upper limb, waist, lower limb (including knee support), and full-body exoskeletons; they can also be classified as active or passive based on power supply [1] Industry Trends - Transition from military applications to civilian use, expanding from industrial to consumer-grade products [1] - Shift from rigid/mechanical exoskeletons to flexible, lightweight designs [1] - Progression towards wearable smart equipment, including brain-machine interface technology in exoskeleton robots [1] Policy Support - The Ministry of Industry and Information Technology and the National Development and Reform Commission initiated pilot demonstrations for exoskeleton robots in 2016, focusing on individuals with mobility impairments [1] - The State Council's 2016 policy highlighted the development of exoskeleton robots as a key direction for the rehabilitation assistive device industry [1] Market Applications - Applications include hospitals, industrial sectors, and consumer markets targeting elderly assistance and outdoor activities [2] - Estimated annual shipment volume is around 100,000 units, with price ranges from tens of thousands to several thousand yuan [2] - The market potential includes 300,000 disabled individuals in China, 200 million seniors aged over 65, and 400 million outdoor enthusiasts, with 60% being individuals born in the 1980s and 1990s [2] Industry Chain Composition - The industry consists of complete machine manufacturers, core components, and related equipment [2] - Key components include chips, control algorithms, gyroscopes, sensors, carbon fiber, resin, industrial plastics, motors, and brain-machine interfaces [3] Key Companies and Financials - EKSO BIONICS: Market cap of 70 million USD, PB ratio of 0.84, revenue of 130 million USD, gross margin of 50%, and a loss of 8 million USD [3] - Zhenjiang Co., Ltd.: 70% stake in Haipuman Robotics, which engages in exoskeleton business [3] - Other notable companies include: - Explorer: Collaborating with Maibao Intelligent for lower limb exoskeletons for walking assistance [3] - Fuguang Co.: Holds a 19.65% stake in Aoshark Intelligent, which provided exoskeletons for the film "The Wandering Earth" [3] - Xinlong Health: Actively recruiting for self-developed exoskeletons and intelligent robots [3] - Weisi Medical: Focused on rehabilitation robots [3] Component Suppliers - Meihua Co.: Mass production of exoskeleton motors and modules [3] - Zhongchao Holdings: Researching signal transmission cables for exoskeleton robots [3] - Guangda Tongchuang: Extending carbon fiber applications to exoskeletons [3] - Suzhou Gude: Inertial Measurement Unit (IMU) development [3]