人形机器人行业深度报告：灵巧手持续迭代关注技术路线收敛中的边际增量

东吴证券股份有...2025-06-27

下游场景推动灵巧手向仿人手迭代，市场前景广阔。2024 年灵巧手市场规模达 17.06 亿美元，预计 2025/2030 年将增至 19.21/30.36 亿美元。工业机器人常用二指灵巧手执行简单夹取，人形机器人需求促使其向 4 指 / 5 指及高自由度发展。从驱动方案来看，欠驱动、外置/混合置+电驱为主流，电机或由空心杯向无刷有齿槽切换。具体来看，1）欠驱动靠牺牲精度来降本和加速落地，应用更为...

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人形机器人行业深度报告：灵巧手持续迭代 关注技术路线收敛中的边际增量

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人形机器人行业深度报告：灵巧手持续迭代关注技术路线收敛中的边际增量