On July 28, according to the well-known Japanese media Nikkei Chinese website reported that Chinese robot enterprise Shenzhen Purdue Technology entered the Japanese market; According to the statistics of electronic enthusiasts, from January to July 2023, there were more than 45 major financing cases in the field of intelligent robots, with a total amount of more than 3.5 billion yuan; According to the data of Eastern Wealth network, the robot index has been elastic this year, and the index has risen by 25% in the first half of the year, and a number of robot sensor concept enterprises have risen significantly.

From the market to capital, China’s intelligent robot industry has begun to break out, according to McKinsey forecast, in the long run, the global humanoid robot market space can reach 120 trillion level, is a new and huge space blue ocean market. According to iResearch, the average annual compound growth rate of the domestic intelligent robot market from 2021 to 2025 will reach 40%, and the size of China’s intelligent robot market will reach nearly 100 billion in 2025.

A number of securities companies believe that sensors are an important part of robots, and their value is second only to joint modules. The high growth rate of the sensor market indicates that robots have a strong demand for sensors.

In addition, domestic robot enterprises are more inclined to create a controllable whole industry chain, there will be strong demand for domestic sensors, retarders and other upstream and downstream, which is an era of opportunities for domestic high-end sensors.

According to the analysis, in the field of sensors in China, areas with stronger scale effects may take the lead in achieving domestic substitution. Chinese consumer electronics sensors, due to the pull of the market, have made great progress in the past ten years. In the industrial field, some low-end areas have been successful cases, but the current situation of high-end products is still more serious, and the road of domestic replacement is a long way to go. If the future humanoid robot can reach the volume of consumer goods, it may promote the acceleration of domestic substitution in the subsector.

In the rapid development of humanoid robots, or will drive new flexible sensors to accelerate the landing. See below for detailed analysis.

Seize the opportunity of The Times! The layout of humanoid robots related sensors is expected to expand the domestic production rate of high-end sensors

The downstream application of sensors is wide, the industrial chain is long, the product types are numerous, and the domestic substitution process of various products is different. In areas with stronger scale effects, it is easier to take the lead in domestic substitution.

Humanoid robots, new opportunities for sensors. Humanoid robots need to use a variety of sensors, including torque sensors, tension sensors, encoders, temperature sensors, six force sensors and inertial navigation sensors. Among them, inertial navigation sensor (IMU) is the core of humanoid robot attitude control, and six force sensors are the core of force control and swing stability control, which can accurately measure random changes in force. With the expansion of the humanoid robot industry, it is expected to drive the sensor industry to further expand.

The global sensor market size exceeds one trillion, and China’s high-end sensors are still in their infancy. Sensor industry leaders are mainly overseas companies, such as ON Mei, Keenshi, Ying Mei, etc., such companies have high revenue scale and high market share in their subdivision sensor track. Chinese enterprises generally have small scale and large room for growth.

Ying Mei Sheng: The opportunities of The Times to help high-speed expansion. Merson is the industry leader in MEMS inertial navigation sensors. Legg Mason experienced a period of rapid expansion between 2011 and 2016, with an operating revenue CAGR of 33.69%. The main reason for the success of Mei Sheng is that it has grasped the explosive growth trend of the mobile phone industry since 2007, decisively cut the main business of providing inertial navigation sensors for Nintendo and other game console manufacturers before 2010 and turned to providing MEMS inertial navigation sensors for mobile phones for major mobile phone manufacturers Apple and Samsung, and fully enjoyed the dividend of The Times.

Domestic enterprises actively layout high-tech sensor field, comply with the industry wave to break the monopoly of overseas leading. Sensor-related enterprises in China are generally small in scale compared with overseas leaders, but a number of sensor enterprises that have mastered core technologies, such as XinMoke and Hanwei Technology, still emerge. At the same time, these companies actively layout the field of humanoid robots related sensors, seize the opportunities of The Times, and are expected to follow the trend of The Times to further expand the localization rate of high-end sensors.