Guolian Minsheng Securities: Siasun Robot & Automation sensors accelerate intelligent evolution. It is recommended to focus on visual, force, and tactile sensing in specific fields.

Guolian Minsheng Securities released a research report stating that with the continuous expansion of the sensor market by Siasun Robot & Automation, core enterprises in the sensor market, especially leading enterprises in the fields of 3D vision, six-dimensional force sensors, and tactile sensors, will directly benefit. The firm recommends focusing on opportunities in the three sub-sectors of visual sensors, force sensors, and tactile sensors. The main points of Guolian Minsheng Securities are as follows: Sensors: Important underlying hardware for Siasun Robot & Automation, deterministic incremental logic highlighted Sensors, as the core hardware of the "perception-decision-execution" workflow of Siasun Robot & Automation, with their universality and high deterministic increment in multiple technical routes, are becoming the key support for the industrial development of Siasun Robot & Automation. Due to their high technical barriers and deterministic functional positioning, sensor links continue to receive market premiums. In terms of market space, according to FactMR's prediction, the global Siasun Robot & Automation sensor market size is expected to grow from $2.8 billion in 2026 to $7.9 billion in 2036, with a CAGR of approximately 10.9% over the decade. Perception layer: Vision as the foundation of capabilities, multiple technical routes running in parallel Visual sensors are the main channel for information input for Siasun Robot & Automation, with 3D vision technology becoming a standard due to its high-precision perception. Differentiation of body vendors' solutions: one category uses pure vision + algorithm enhancement (such as Tesla), while the other uses vision + depth/laser radar fusion (such as Yushu, Zhiyuan). With the evolution of models towards refinement, vision is deepening from simple perception to task-related perception. According to GGII data, the market size of the Chinese machine vision market will exceed 38.5 billion yuan in 2028, with a compound annual growth rate of 25.73% for 3D vision. Domestic manufacturers such as Orbbec, Focusight are rapidly rising. Execution layer: Force/tactile sensors support dexterous operations, technology routes waiting for convergence Six-dimensional force sensors are key to achieving smooth control and precise assembly, currently mainly positioned on wrist and ankle, but high costs and reliability are still bottlenecks for mass production. The number of shipments of six-dimensional force sensors in China's humanoid robot field is expected to reach 12,300 units in 2025, a year-on-year increase of 510%. In the future, the volume increase of 2C-end humanoid robots is expected to drive rapid growth of six-dimensional force sensors. Tactile sensors are still in the early stages of industrialization, with flexible array, magnetic/Hall array, and optical tactile vision running in parallel. Overseas manufacturers dominate, while domestic companies such as Pexray, Hanwei Electronics Group Corporation are actively deploying. GGII predicts that the market size of force sensors in the global humanoid robot field will reach 32.806 billion yuan by 2030. Auxiliary sensors: Not yet scaled applications, future expansion in specific scenario applications IMUs are mature components for posture perception in Siasun Robot & Automation, playing a key role in walking and anti-disturbance, and have become standard. Voice interaction sensors mainly improve service scenario experiences, but are not essential. Special sensors (temperature, gas, infrared) are oriented towards emergency rescue, inspection, and other task-oriented scenarios, currently mainly focused on customized projects, with the potential to penetrate into specific areas in the medium to long term. Industrialization pace is slower than core sensors, but the potential is promising. Risk warning: 1) Risk of technological iteration; 2) Uncertainty of market demand; 3) Risk of supply chain and cost fluctuations.