Core Insights - The report from Kaiyuan Securities highlights the growth potential of exoskeleton robots, projecting a global market size of $14.67 billion by 2030, with a compound annual growth rate (CAGR) of 42.2% [1][2] Group 1: Industry Overview - Exoskeleton robots are wearable intelligent devices that integrate mechanical, sensing, and AI technologies, initially used in medical rehabilitation and military applications, now expanding into industrial and civilian sectors [1][2] - The technology is evolving towards lightweight designs and mechanical optimization, with passive exoskeletons relying solely on mechanical structures and materials for assistance [1] Group 2: Technical Aspects - Active exoskeletons consist of five main modules: mechanical, drive, sensing, control, and energy systems, requiring personalized design based on specific application scenarios [3] - The core working principle involves a "perception-processing-driving-feedback" closed-loop system that captures human movement intentions in real-time [3] Group 3: Technical Barriers - Active exoskeletons face significant technical barriers, particularly in gait detection and human-machine collaboration, which are critical for effective control and interaction [4] - Gait detection accuracy is essential for control, with current sensor technologies categorized into foot sensing, limb sensing, and hybrid sensing [4] Group 4: Beneficiary Targets - Beneficiary targets for exoskeleton robots are divided into two main lines: upstream hardware (e.g., joint reducers, IMU technology) and midstream product companies [5]