智通财经APP获悉，山西证券发布研报称，电子皮肤赋予人形机器人触觉感知，是人形机器人交互的关 键，从海内外市场竞争格局上看，欧美日企业凭借先发优势占据高端市场，全球柔性触觉传感器TOP5 厂商均为海外企业，合计占据57.1%的市场份额。国内厂商加速布局，凭借政策支持和制造能力优势与 国外技术快速缩小差距。长期看，国内人形机器人市场规模可达十万亿级别，电子皮肤作为人形机器人 实现触觉感知核心零部件，有望依托人形机器人需求增长，维持高速发展。 山西证券主要观点如下： 电子皮肤赋予人形机器人触觉感知，是人形机器人交互的关键 电子皮肤是模拟天然皮肤功能的仿生柔性触觉传感器系统，可以感知压力、温度等各种刺激，广泛应用 于智能医疗、智能控制系统和智能机器人等领域。 电子皮肤从技术路线上可以分为五大类，压阻式、电容式、压电式是最常用的三种路线。压阻式传感器 结构简单、低成本，适合于基础的压力映射和触觉反馈系统，能有效平衡工艺难度、成本和量产规模等 因素，是目前人形机器人领域主流技术路线，特斯拉、汉威科技、福莱新材等知名企业均在压阻式传感 器技术进行了布局；电容式传感器灵敏度高，适合于高精度的触觉感测；压电式传感器具备自供电 ...

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry [1]. Core Insights - The robotics index outperformed the market, with the Zhongzheng Science and Technology Innovation Robotics Index rising by 1.6%, surpassing the Shanghai Composite Index by 0.4 percentage points and the CSI 300 Index by 0.7 percentage points [5][12]. - The total market capitalization of the machinery equipment industry is approximately 368.19 billion, with a circulating market value of about 341.47 billion [3]. - The industry’s TTM price-to-earnings ratio stands at 31.4, significantly higher than the CSI 300's TTM P/E ratio of 12.5 [3]. Summary by Sections Market Review - The robotics index showed a positive trend, outperforming major indices during the week of June 2 to June 8, 2025 [5][12]. - Notable developments include the announcement of the resignation of Tesla's humanoid robot project leader, Milan Kovac, and the launch of the second-generation tactile sensor by Fulei New Materials [17][19]. Industry Dynamics - Fulei New Materials introduced a second-generation tactile sensor that features significant upgrades over the first generation, including full flexibility and the ability to sense complex surfaces [17][19]. - The Guangdong Province Artificial Intelligence and Robotics Industry Alliance was established to foster collaboration and innovation within the industry [19]. - Keli Sensor made a strategic investment in Yuan Sheng Xian Da Technology, focusing on multi-dimensional tactile sensing solutions [19][20]. Financing Dynamics - Lumos Robotics successfully completed an angel round of financing, with investments aimed at enhancing product development and industry collaboration [32].