Xiao-I (US:AIXI) Newsfilterยท2024-12-17 15:00Market Overview - The global smart glasses market is projected to grow from USD 878.8 million in 2024 to USD 4,129.3 million by 2030, with a CAGR of 29.4% from 2024 to 2030 [1] - Key growth drivers include rapid technological advancements, increased demand for augmented reality (AR) and mixed reality (MR) smart glasses, and growing adoption across industrial, healthcare, and consumer sectors [1] Technological Advancements - Higher resolution displays and advanced sensors, such as gesture recognition and eye-tracking, are enhancing user interaction and experience [1] - The development of 5G technology is expected to significantly boost the smart glasses market by enabling high-speed, low-latency communications essential for AR and cloud-based applications [2] Company Developments - Xiao-I Corporation forecasts new revenue of $12-15 million in 2025 from AI glasses driven by strong demand and state procurement invitations [2][5] - Xiao-I has been invited to register for centralized procurement programs by four U.S. state governments, indicating a strategic move to provide AI-driven solutions to public-sector organizations [3] Product Innovations - Xiao-I's AI-powered glasses, launched in August, are designed to support the Deaf and hard-of-hearing community, providing life-changing communication solutions [4] - Vuzix Corporation's M400 smart glasses have been expanded in deployment by the U.S. Department of Labor's OSHA to enhance operational efficiency and safety [6][7] - Meta Platforms, Inc. has updated its Ray-Ban smart glasses with AI video capabilities and real-time language translation [8][9] - Alphabet Inc. has introduced a new Android operating system, Android XR, aimed at powering virtual and augmented reality devices [10][11] - Wearable Devices Ltd. has launched the Mudra Band and Mudra Link, utilizing proprietary technology for gesture control of digital devices [12]