艾媒咨询 | 2026年上半年中国智能设备行业投融资市场监测与分析报告

　　当前中国智能设备行业的硬科技、人工智能及绿色能源等赛道热度延续，资金向成长期及战略新兴领域集中，单笔金额偏大但事件总数有限，资本趋于理性、聚焦确定性机会，市场整体呈结构性活跃、审慎扩张态势，行业整合与头部集聚趋势增强。iiMedia Research（艾媒咨询）数据显示，人形机器人赛道以25起事件吸金170.00亿人民币，单笔均值6.80亿人民币，头部效应显著；机器人软件、服务机器人事件数领先（36起、38起）但金额分别为130.32亿、84.61亿人民币，活跃度高于吸金强度。资本向高技术壁垒、高单体价值赛道集中。

　　全球领先的新经济产业第三方数据挖掘和分析机构iiMedia Research（艾媒咨询）最新发布的《2026年上半年中国智能设备行业投融资市场监测与分析报告》数据显示，智能设备主题融资金额TOP10企业中，前三名分别为千寻智能（45.00亿人民币）、酷哇科技（39.00亿人民币）、星海图（30.00亿人民币），融资金额合计占TOP10总额的53.8%。头部集中度高，前五名占比超七成，呈“金字塔”分布，反映资本偏好技术壁垒高、场景落地明确的成长期企业。高融资企业聚焦具身智能与通用机器人，单笔规模大，多处于C轮后规模化前夜。资本风向转向“软硬一体”与商业化验证，大额融资背后是产业对具身智能量产拐点的押注，资金正加速向头部收敛。

　　综合来看，智能设备行业的投融资逻辑已从早期的“广撒网、看概念”转向“重壁垒、看落地”。通过对头部企业的发展路径与资本布局进行深度研究，可以更直观地洞察各细分赛道的差异化特征：一级市场正将资金集中押注于具备量产能力与真实场景闭环的头部玩家，以此作为对冲技术不确定性的核心策略。未来，随着底层零部件国产化替代加速与具身智能软件的迭代成熟，智能设备行业的投融资热度有望向更具确定性的产业链上游与软件生态延伸。

　　In China’s smart device industry, sectors such as hard technology, artificial intelligence, and green energy continue to attract significant attention. Capital is concentrated in growth-stage and strategic emerging sectors, with relatively large individual investment amounts but a limited total number of deals. Investors are adopting a more rational approach, focusing on opportunities with high certainty, and the market as a whole exhibits structural activity and cautious expansion, while trends toward industry consolidation and the concentration of market leadership are strengthening. Data from iiMedia Research shows that the humanoid robot sector attracted 17.00 billion RMB across 25 deals, with an average deal size of 680 million RMB, demonstrating a significant “head effect.” While the robotics software and service robot sectors led in the number of deals (36 and 38, respectively), their funding amounts totaled 13.032 billion and 8.461 billion RMB, respectively, indicating higher activity levels than funding intensity. Capital is concentrating on sectors with high technological barriers and high unit value.

　　Data from the latest “Monitoring and Analysis Report on China’s Smart Device Industry Investment and Financing Market for the First Half of 2026,” released by iiMedia Research—a globally leading third-party data mining and analysis firm specializing in the new economy—shows that among the top 10 companies by funding amount in the smart device sector, the top three were Qianxun Intelligence (4.50 billion RMB), Kuwah Technology (3.90 billion RMB), Xinghaitu (3.00 billion RMB). Their combined funding accounted for 53.8% of the total raised by the top 10 companies. Concentration at the top is high, with the top five companies accounting for over 70% of the total, forming a “pyramid-shaped” distribution. This reflects capital’s preference for growth-stage companies with high technical barriers and clear application scenarios. Companies securing large rounds are focused on embodied intelligence and general-purpose robotics, with large individual funding amounts; many are on the verge of scaling up after Series C funding. Capital trends are shifting toward “integrated hardware and software” and commercial validation. Behind these large-scale funding rounds lies the industry’s bet on the inflection point for the mass production of embodied intelligence, and capital is accelerating its convergence toward leading players.

　　Overall, the investment and financing logic in the smart device industry has shifted from the early approach of “casting a wide net and focusing on concepts” to “emphasizing barriers to entry and focusing on implementation.” Through in-depth research into the development paths and capital strategies of leading companies, we can gain a clearer understanding of the distinctive characteristics of each sub-sector: the primary market is concentrating capital on leading players with mass production capabilities and closed-loop real-world application scenarios, using this as a core strategy to hedge against technological uncertainties. In the future, as the localization of underlying components accelerates and embodied intelligence software matures through iterative development, investment and financing activity in the smart device industry is expected to extend to the more certain upstream segments of the industrial chain and the software ecosystem.

　　2026年上半年智能设备投融资趋势

　　数据显示，2026年投融资事件151起，金额494.72亿人民币，事件数量与金额规模均处于相对温和区间。艾媒咨询分析师认为，当年硬科技、人工智能及绿色能源等赛道热度延续，资金向成长期及战略新兴领域集中，单笔金额偏大但事件总数有限，反映资本趋于理性、聚焦确定性机会；波动可能源于宏观流动性边际收紧、退出渠道预期调整及优质标的稀缺，市场整体呈结构性活跃、审慎扩张态势，行业整合与头部集聚趋势增强。

　　智能设备主题各赛道投融金额及数量

　　数据显示，人形机器人赛道以25起事件吸金170.00亿人民币，单笔均值6.80亿人民币，头部效应显著；机器人软件、服务机器人事件数领先（36起、38起）但金额分别为130.32亿、84.61亿人民币，活跃度高于吸金强度。艾媒咨询分析师认为，资本向高技术壁垒、高单体价值赛道集中，人形机器人处于产业导入期受政策与预期驱动溢价明显，软件与服务机器人贴近场景落地放量，工业机器人及零部件稳健但增速平缓，消费电子、可穿戴等边缘赛道融资稀疏，后续轮动或向零部件国产化与具身智能软件层扩散。

　　智能设备主题融资金额最高企业TOP10

　　数据显示，智能设备主题融资金额TOP10企业中，前三名分别为千寻智能（45.00亿人民币）、酷哇科技（39.00亿人民币）、星海图（30.00亿人民币），融资金额合计占TOP10总额的53.8%。艾媒咨询分析师认为，头部集中度高，前五名占比超七成，呈“金字塔”分布，反映资本偏好技术壁垒高、场景落地明确的成长期企业。高融资企业聚焦具身智能与通用机器人，单笔规模大，多处于C轮后规模化前夜。资本风向转向“软硬一体”与商业化验证，大额融资背后是产业对具身智能量产拐点的押注，资金正加速向头部收敛。

　　智能设备主题融资金额最高行业

　　数据显示，智能硬件行业投融事件151起，投资总额494.72亿人民币。艾媒咨询分析师认为，投资金额领先源于智能硬件作为智能设备主题核心载体，资本重仓押注其规模化落地与生态入口价值；151起事件体现较高活跃度但单笔均值约3.28亿人民币，反映行业已过早期分散阶段，向成熟期集中；大额资金聚焦头部项目与成熟赛道，与产业化加速期资本向确定性标的集中逻辑一致，投资价值在于场景渗透与供应链协同，风险则来自技术迭代快、盈利周期长及估值分化。