The development of humanoid robots is receiving widespread attention worldwide.

Under the guidance of the Shanghai Municipal Economic and Information Commission and the Pudong New Area People's Government, the 2024 China Humanoid Robot Developer Conference and the Third Zhangjiang Robot Global Ecology Summit will be held on June 6th.

In addition to discussing issues such as the establishment of a humanoid robot innovation center, breakthroughs in core technology barriers, cost reduction in the industry chain, application scenarios, and investment directions, this conference will also focus on the coordinated development of humanoid robots and embodied intelligence.

According to Goldman Sachs' predictions, if there is revolutionary technological breakthrough, the CAGR of humanoid robots' sales volume from 2025 to 2035 could reach 94%, and the market size could reach 154 billion dollars in 2035.

The bank believes that Chinese manufacturing companies are likely to benefit from significant cost advantages in the hardware industry chain of humanoid robots.

CITIC Securities pointed out that under the catalysis of multiple factors, humanoid robots are developing rapidly. The perception ability of humanoid robots is the premise of embodied intelligence as well as the premise of control and execution. AI empowers humanoid robots with stronger perception ability.

Perception is the most important part of humanoid robots' motion control components other than interaction control. We use the five senses of human beings as analogies to sort out humanoid robots' related perception hardware, including interaction control, visual sensing, force control sensing, displacement posture sensing, and motion control sensing.

It is recommended to pay attention to products that have high adaptability in each link, as well as manufacturers related to the supply chain system of domestic and foreign humanoid robot manufacturers. After this, humanoid robots will have sufficient technological iteration and market deduction opportunities, in addition to perception hardware, other core component manufacturers are also worthy of attention.

Humanoid robot industry chain enterprises:

UBTECH (09880): At the Create 2024 Baidu AI Developer Conference on April 16, UBTECH humanoid robot Walker S 'airdropped' on-site and demonstrated AI large models + humanoid robot application. On June 3, UBTECH announced that on May 31, Dongfeng Liuqi and UBTECH signed a strategic cooperation agreement on the application of humanoid robots, jointly promoting the application of humanoid robots in the automotive manufacturing scene. Through this cooperation, UBTECH industrial version of humanoid robot Walker S will enter Dongfeng Liuqi and carry out a series of work such as seatbelt inspection, door lock inspection, lamp cover inspection, body quality inspection station, car body rear cover inspection, interior comprehensive inspection, oil addition, front bridge assembly, parts collection and picking, sticker car label, configuration brushing, and label printing. In addition, humanoid robots will also cooperate with traditional automation equipment for flexible unmanned production in complex scenes.

Legend Holding (03396): Lenovo Capital's investment in the humanoid robot field is not only limited to financial support, but also includes providing strategic guidance and market resources to the invested enterprises. For example, Lenovo Capital led the 100 million-yuan angel round financing of humanoid robot R&D company 'Xingdongjiyuan', indicating its bullishness on the commercial prospects of humanoid robots.