Zhi Tong Cai Jing·2025-05-09 03:57Core Viewpoint - AI technology is accelerating the transformation of the consumer electronics and intelligent driving industries, with hardware innovation and scenario expansion as the core driving forces [1] Group 1: Consumer Electronics Industry - AI empowers traditional smart terminals, leading to higher performance demands on hardware such as heat dissipation, storage, and battery life [2] - Innovations in optical technology, including periscope lenses and large-format sensors, are expected to drive upgrades in smartphone optics [2] - The entry of Apple into the foldable smartphone market is anticipated to accelerate the maturity of the foldable smartphone supply chain [2] Group 2: New Intelligent Hardware - AI is creating incremental demand for new intelligent hardware, with smart glasses emerging as a significant application [3] - Global sales of AI smart glasses are projected to reach 1.52 million units in 2024 and potentially 10 million units by 2026 [3] - The integration of AI with AR is seen as a trend, enhancing user interaction and product experience across various devices [3] Group 3: Intelligent Driving Industry - AI is driving the "intelligent driving equality" process, with companies like BYD expected to enter a new era of high-level intelligent driving by 2025 [4] - The number of cameras in vehicles is projected to increase significantly, with pixel requirements rising from 2-3M to 5-8M for high-level driving assistance [4] - The demand for high-frequency and high-speed connectors and advanced driving chips is expected to double as the industry evolves [4] Group 4: Investment Recommendations - Focus on stable performance leaders in the consumer electronics supply chain, such as Luxshare Precision, GoerTek, and Lens Technology [5] - In the AI new hardware chain, key companies include GoerTek, Longqi Technology, and Huakong Technology [5] - For the AI-enabled intelligent driving chain, attention should be given to companies in the camera, connector, lidar, and chip segments, including Yutong Optical and Horizon Robotics [5]