Wanlian Securities believes that 2026 will be a key window for validating mass production and deploying applications for humanoid robots; lower prices for complete robots should help enable commercialization at scale, but related companies remain at different stages of deployment.
The humanoid form of humanoid robots helps them adapt to existing work environments, but bipedal walking and joint control also impose higher requirements. Institutions are optimistic about the long-term market potential, while 2026 is a key window for validating mass production and deploying applications.
Tesla’s Optimus has entered early production, Toyota plans to expand robot deployment in its factories, and Schaeffler has begun mass-producing joint components; dexterous operation, safety and durability will still determine the pace of adoption.
This research selection examines potential demand for materials such as PEEK from humanoid robots and the ramp-up of Ampron's new sensor products. The latter's MEMS business is growing rapidly, but overall pressure sensor revenue growth remains low.
South Korean media say Hyundai Motor Group has asked suppliers to prepare parts for 10 thousand Atlas robots; the companies concerned have not confirmed the report. JPMorgan says the news is consistent with the group’s direction of expanding humanoid robot production in 2028, and favors manufacturers of complete robots and robotics component company Robotis.
Tesla, Figure AI and others are stepping up real-world data collection and model training; Zhenghai Magnetic's related orders for a globally renowned humanoid robot customer have entered an orderly mass-production phase.
JPMorgan believes the key issue for the Chinese and South Korean humanoid robot industries has shifted from capacity targets to actual deployment and unit economics. Chinese component and task-specific vision solutions are progressing more quickly, while South Korean suppliers face tests of cost and customer concentration.
Agibot plans to put robots to work continuously in a convenience store; overseas AI drug discovery partnerships are increasing, while Vertiv’s order and earnings growth reflects expanding demand for data-center liquid cooling. Some related projects remain at the validation, inventory-building or preferred-bidder stage.
Tesla plans to have Optimus plug in and unplug charging connectors as an interim solution before its wireless charging system enters service. Huafu Securities expects weekly robot production to ramp up to around 2000 units by year-end, but dexterous-hand sensors, gears and electromechanical structures remain hardware bottlenecks.
Guosheng Securities is optimistic about humanoid robot data collection and onboard perception; Guotai Haitong Securities is focused on Asia-Pacific Co.’s cost reduction and efficiency gains, electromechanical braking technology, and overseas production capacity plans.
Agibot has set a revenue target of 10 billion yuan for 2027, ten times the 1 billion yuan achieved in 2025. Xiangcai Securities is optimistic about humanoid robots as a practical application of physical AI. In the near term, it is focused on mass production of components; long-term competition will depend on whether model capabilities and real-world operational data can reinforce each other.
A Morgan Stanley survey shows that companies remain highly willing to adopt robots, but prices, payback periods and product performance have lowered near-term deployment expectations. The industry is more likely to expand small-scale pilots first, driving component purchases, before gradually moving toward mass adoption.
SuperMimic surpassed SONIC’s published model after three hours of training on a single GPU, but its results are limited to body movements on flat ground. Nomura believes that as the barriers to motion control fall, competitive advantages will depend more on joint consistency, cost and mass-production capability.
OpenAI is developing hardware in-house to complete a real-world data loop, while algorithm integration is also advancing. Nanshan Zhishang has begun joint testing and small-batch supply of robot materials, but its recent profit improvement has come mainly from its nylon business.
Tesla has started Optimus production, but internal deployment and a gradual ramp-up still lie ahead before external sales. JPMorgan is more positive on component demand generated by research and development, pilots and data collection, while remaining cautious about sentiment-driven gains in robot manufacturers.
