The advances of humanoid robots will lead to a market worth 10 billion yuan (US$13.92 billion), says Guosheng Securities, a leading Chinese stock brokerage firm.
The firm said in a research note published yesterday that a humanoid will need to put together an equal number of servo motors, or actuators, and servo drivers, as well as a certain number of controllers.
The authors of the note explain that in the case of Tesla’s humanoid Optimus, it has 40 joint actuators across the body, meaning they are matched to another 40 servo drivers.
Based on the assumption that Optimus can sell 1 million units at US$20,000 each, the Guosheng Securities analysts predict that this will generate 8 billion yuan and 4.5 billion yuan in sales of servo driver and controller, respectively.
Of the sales, about 600 million yuan will go toward motion control IC, another major component of humanoid robot.
The analysts expect demand for servo driver and motion control IC to rise and benefit leading domestic suppliers like Megmeet (麦格米特, 002851), Topband (002139) and Invt (英威腾, 002334).
Besides, given the “extreme importance” of motion control IC in the responsiveness and precision of servo driver, the analysts also recommend Fortior Tech (峰岹科技, 688279), a homegrown manufacturer of motion control IC, as a stock to pay attention to.