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灵巧手行业深度报告:基础执行向智能感知演进,高性能与成本优化并行
Guoyuan Securities· 2025-10-30 15:39
Investment Rating - The report provides a positive investment rating for the dexterous hand industry, highlighting its potential for rapid growth and technological advancements [3][17]. Core Insights - The dexterous hand is identified as a critical end-effector for humanoid robots, with a market share expected to reach 17.98% of the overall machine value, and projected sales growth at a CAGR of 90% from 2024 to 2030 [18][19]. - The industry is evolving towards higher biomimetic design, enhanced perception capabilities, and lightweight structures, driven by advancements in materials, motors, transmission, and control technologies [8][18]. Industry Overview - The dexterous hand integrates driving, transmission, and sensing functions, enabling complex operations in extreme or hazardous environments [7][8]. - The industry has evolved over 50 years, with significant advancements post-2010, focusing on higher biomimetic fidelity and stronger sensing capabilities [8][9]. Development Trends - Tendon-driven transmission is breaking the performance trade-offs in robotic dexterous hands, allowing for lightweight and flexible designs while maintaining high load and degree of freedom [24][26]. - The report emphasizes the importance of multi-dimensional sensors, particularly tactile and force sensors, in enhancing the dexterous hand's capabilities [37][42]. Competitive Landscape - The market features three main types of players: independent integrators, component manufacturers, and research institutions, each contributing to the ecosystem with unique strengths [48]. - Domestic manufacturers are gaining traction with competitive pricing and innovative designs, capturing significant market shares in high-degree-of-freedom dexterous hands [48]. Investment Recommendations - The report suggests that continued investment in the dexterous hand industry is warranted due to its rapid growth potential and technological advancements, particularly in materials and sensor integration [17][48].