Earlier in August, the 2022 World Robot Expo was held in Beijing Yichuang International Convention and Exhibition Center. More than 130 enterprises brought more than 500 exhibits, and more than 30 global first products were released at the scene. Application the exposition on the demand side as the guidance, use "robot + application scenario" mode of exhibition, staged a "robot + health", "robot + logistics", "robot + commercial", "robot + agriculture", "robot + architecture", "made robot +", "robot + mining zones," gather the frontier robot products of all kinds of scenarios.
According to the China Robot Industry Development Report (2022), the robot market in China is expected to reach $17.4 billion in 2022 ($8.7 billion for industrial robots, $6.5 billion for service robots, and $2.2 billion for special robots), with an average annual growth rate of 22% over the five years. The scale of the robot market continues to grow rapidly, and the trend of robot + application expansion has been formed, which is expanding a wider range of application scenarios in agriculture, manufacturing, logistics, finance, commerce, home furnaging and other industries. In the future, domestic robot technology will continue to integrate with thousands of industries, accelerate the expansion of application breadth and depth, and the industrial scale will continue to grow rapidly.
China Aviation securities analysis pointed out that the robot + application has a broad market space. Industrial robots with high accuracy and stability as the core elements, cooperative robots with human-machine interaction as the core, and service robots that replace complex and repetitive work have room for penetration and prospects for application expansion, and there are opportunities for rapid growth in relevant segments. Domestic manufacturers have made some breakthroughs in the field of reducer, controller, servo system and other key core parts, and the trend of localization of core parts has begun to emerge. The continuous innovation and breakthrough development of domestic robot industry is worth expecting.
Here, through the integration of Tianfeng, anxin, Guosen and other more than 10 securities companies latest research report information, for fans and friends to bring 4 company profiles, for reference only.
1, green harmonic
At present, the company is the domestic few can independent research and development and realize the large-scale production of harmonic gear reducer manufacturer, successfully break the monopoly of the foreign manufacturers in the field, by the end of 2021 the company production capacity has reached the annual output of 300000 sets of harmonic gear reducer, harmonic reducer start offering investment project, after the company's production capacity will gradually increase to more than 600000 units. As a domestic head harmonic reducer manufacturer, the company is expected to share the bonus of industry expansion. After breaking through the capacity bottleneck, the scale effect will help reduce the company's cost. It is a long-term trend for manufacturing enterprises to increase the demand for industrial robots. As a domestic head harmonic reducer manufacturer, the company is expected to share the dividends of industrial expansion, steadily promote large-scale production expansion, and the cost advantage is expected to emerge.
-- Shanxi Securities
2. Jingye Intelligence
The company has the first-entry advantage in the nuclear industry intelligent equipment and robot market, and the competition pattern is better in the process of domestic replacement in the future. The company has mastered core technologies in the body structure design of nuclear industrial robots, core algorithms of nuclear industrial robots and other aspects, and the key technologies of electrically followed manipulator have reached the international advanced level. The company has in-depth cooperation with China National Nuclear Group, and has obtained strategic investment from China National Nuclear Group. The company's nuclear industry products can also be used in other fields of the nuclear fuel cycle industry, intelligent equipment in the field of nuclear technology application, decommissioned robots in the nuclear industry, and nuclear power digitalization.
-- Caixin Securities
3. Smart Cube
The company focuses on sensing and recognition test equipment, and the underlying equipment is mainly sensor testing. In the future, consumer products, automobiles and so on are bound to develop in a more intelligent direction, and intelligence is bound to rely on more and richer sensors to achieve, sensors can collect light, sound, image, posture and other signals; Around three industrial automation equipment accuracy, speed, stability performance of the key indicators are the core technology research and development and the accumulation of experience, in machine vision and optical precision motion control, precision mechanical design, the development of a batch of have the characteristics of the company in the field of core technology, the company continued research and development all kinds of sensor measurement technology, To meet the downstream industry core customers' demand for forward-looking research and development services in the field of industrial automation equipment manufacturing, the terminal application scenarios of equipment are expanding, which can not only be used for mobile phones, tablets, wireless headphones, smart watches and other consumer electronics, but also for automotive electronics, AR/VR and other emerging products. -- Institutional research
4. Jiahe Intelligence
The main business of the company is clear. Since its establishment, the company has continuously expanded its business layout around intelligent acoustics and wearable products, and maintained close, stable and long-term strategic cooperative relations with the world's famous electroacoustic/intelligent wearable brands, intelligent terminal brands and Internet brands. In the first half of the year, centering on the main business of existing electroacoustic products, the company constantly expanded the variety of consumer electronics products, and successively shipped new products such as bone conduction headphones, smart watches and AR glasses, which improved the core competitiveness. In terms of bone conduction earphones, the company has a number of patents in the field of bone conduction. The bone conduction earphones developed and produced for brand customers Mojue have been sold in various major electrical commodity platforms. In terms of AR glasses, the AR glasses developed by the company in cooperation with Raywell have been shipped in 22Q2, which are mainly used in automobile manufacturing, inspection and remote maintenance and other industrial fields; In terms of smartwatches, the smartwatch manufactured by the company has achieved mass production in 21Q4, and the smartwatch with blood pressure measurement function has achieved mass production in 22Q2, which has passed the general control regulations of FDA and can be sold in the US market. With the gradual volume of new products such as bone conduction headphones, smart watches and smart glasses, it is expected to open up the second growth curve.