The current development stage of the AI Asia Vets glasses sector can be compared to that of smartwatches in 2014, and significant growth is expected in the future. A neutral estimate suggests that the Global/China smart glasses market size could reach 435/77.5 billion yuan, indicating substantial growth potential.
According to Zhito Finance APP, Zhongtai has released a Research Report stating that the current development stage of the AI Smart Glasses sector can be compared to smartwatches in 2014, with the potential for significant volume growth in the future. In 2023, the global shipment of smart glasses is over 1% of that of smartwatches, with a large space for improvement in penetration rates. Based on data整理 and forecasts from wellsennXR, the annual sales volume of global myopia glasses and sunglasses is close to 1.5 billion, and by 2032, the annual sales volume is expected to reach 1.8 billion pairs, providing a vast expandable market for the growth of smart glasses. Neutral estimates suggest that the market size for smart glasses in the Global/China could reach 435/77.5 billion yuan, indicating significant growth potential.
AI Smart Glasses offer convenience in information acquisition and interaction, providing a more immersive interaction experience, making them a high-potential carrier for the future development of AI applications. From 2018 to 2021, the global smart glasses market size continued to grow from 1.826 billion dollars to 5.031 billion dollars, corresponding to a CAGR of 28.84%; from 2021 to 2023, market growth faced pressure, but in 2024, it may benefit from the successive launches of several new head-mounted devices like Apple Vision Pro, restoring positive growth. It is expected that from 2024 to 2028, growth will accelerate further with the increasing consumer application scenarios.
Industry Chain of Smart Glasses: The upstream industry chain mainly consists of suppliers of AI Smart Glasses Hardware structures, such as optical modules, display groups, audio modules, Sensors modules, interaction modules, power supplies, structural components, etc. The midstream industry chain includes ODM/OEM manufacturers, Software/System manufacturers, and AI large model manufacturers involved in the software composition, system composition, solution provision, and production of AI Smart Glasses. The downstream industry chain relates to the sales and after-sales of AI Smart Glasses, including AI Smart Glasses brand manufacturers and traditional optical channels and Consumer Electronics channels. Unlike other wearable products, glasses require personalized optometry services and product adjustments, hence traditional optical channels will play a significant role and value.
Recommended to pay attention to: Impulse(Qingdao)Health Tech (002899.SZ), Doctorglasses Chain (300622.SZ), Mingyue Lenses (301101.SZ), Kangnait Optical (02276).
Risk warnings: Risks of technological development falling short of expectations, supply chain risks, economic fluctuation risks, risks of changes in laws and standards, and risks of deviations in market size estimation.
