多因素催化下，人形机器人加速发展。人形机器人的感知能力是具身智能的前提，也是控制和执行环节的前提，AI 赋能也使得人形机器人有了更强的感知能力。在硬件端，感知是人形机器人运动控制零部件外的最主要环节，我们通过类比人类的五类感官来梳理人形机器人的相关感知硬件，包括交互控制、视觉传感、力控传感、位移姿态传感及运动控制传感。建议关注各环节中已有高适配度产品，以及可能进入国内外人形机器人厂商的供应链体系的相关厂商。人形机器人此后有充分的技术迭代和市场演绎机会，除感知硬件外，其他核心零部件厂商同样值得关注，首次给予人形机器人行业“强于大市”评级。

近日，第五批国家专精特新“小巨人”企业名单出炉，全国总计 3671 家，相较于第四批的 4357 家，总数首次出现一定程度减少。目前，前五批“小巨人”数量共计 12,950 家，已经完成《优质中小企业梯度培育管理暂行办法》中1 万家的培育目标。地城分布上来看，第五批东部“小巨人”企业占比从第四批的 64%增加到了 75%，其余地区企业数量占比都有所收缩。具体地城分布上，与第四批的“小巨人”对比，第五批“小巨人”的地城分布更加集中，数量占比最高的 Top3 省份合计数量占比达到 50.04%，分别为江苏省的 795 家、广东的 348 家、浙江省315 家其中“小巨人”最多的江苏省数量占比达到 21.66%。地域数量Top3 占比的省份第四批与第五批相同。第五批“小巨人”比第四批数量占比增加的地区为江苏、广东、天津、内蒙古、宁夏。

Equipment Type: Surge suppressors, industrial use Industry: All other electrical equipment and component manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Flexible coaxial cable, armored or unarmored Industry: Communication and energy wire and cable manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

三星电子深度介入机器人领域并将机器人作为新的增长引擎，公司高度重视全力拓展机器人业务。据 BusinessKorea 报道，三星电子最近开始制定进军机器人市场的战略，彰显公司看好机器人市场前景，进一步强化机器人产业趋势符合我们提出的科技巨头、家电厂商等玩家加速布局机器人大势所趋的预测机器人行业玩家数量与种类逐渐丰富加速机器人商业化落地进程，目前机器人浪潮加速，产业催化层出不穷。建议关注机器人领域相关整机和零部件公司。

Equipment Type: Hookup wire (single conductor, shielded and nonshielded) Industry: Communication and energy wire and cable manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below