Huatai Securities: AI Empowerment and Product Innovation Will Become Important Growth Points for Tech Consumer Enterprises in 2026

On March 17, Huatai Securities believes that by 2026, AI empowerment and product innovation will become key growth drivers for technology consumer companies. The sectors of smart home, cleaning appliances, smart hardware, AI glasses, NAS, and others will accelerate their iterations. Platform-based companies are expected to leverage their ecosystem advantages to capture market share, and undervalued tech-driven consumer companies may also see valuation reassessment opportunities. Recommendations: 1) Leading tech consumer companies with AI + growth; 2) Home appliance leaders with safety margins and attractive valuations.

Additionally, Huatai Securities pointed out that domestic and international robot manufacturers have entered a critical stage of mass production breakthroughs. It is estimated that by 2030, the global market for humanoid robot motors could reach 91.76 billion yuan. The barriers to mass production of robot motors are high, giving leading companies an advantage in the industry. Humanoid robots require motors with highly balanced performance metrics, and mass production will test companies’ stable delivery capabilities. Leading firms, with strong R&D and supply chain capabilities, will gain significant advantages. The market believes that foreign motor companies have a clear first-mover advantage, but Huatai Securities emphasizes that domestic motor companies possess R&D strength and technical capabilities, and are on equal footing in the humanoid robot field. Domestic motor companies have advantages in response speed and cost control, with some already providing samples to top global robot manufacturers, and their key parameters have matched those of overseas products. It is recommended to focus on agile hand motors and joint motor manufacturers.