Core Insights - The XR industry is transitioning from conceptual exploration to structural growth, with significant market activity and supply chain developments expected in the second half of 2025 [1] - AAC Technologies' acquisition of Dispelix positions it to leverage advanced optical technologies for AR products, aiming for mass production by 2026 [1] Group 1: Technological Advancements - Dispelix's etched waveguide technology represents a generational leap, addressing key AR challenges such as weight, image quality, and power consumption [3] - Dispelix products achieve a field of view (FOV) of 20°-70°, significantly outperforming traditional waveguide technologies [5] - The thickness of Dispelix's etched waveguide products ranges from 0.4 to 0.7mm, reducing size by over 60% compared to traditional options, while maintaining high optical performance [6] Group 2: Strategic Partnerships - AAC Technologies is collaborating with major tech players like Google and Meta to develop next-generation XR reference design platforms, enhancing its supply chain influence [7] - The integration of core components and system modules allows AAC Technologies to streamline production cycles and enhance product delivery [8] Group 3: Market Potential - The XR market is projected to see explosive growth, with AI glasses expected to reach 112 million units by 2030 and a market size of $40 billion, reflecting a compound annual growth rate of 112% [11] - AAC Technologies focuses on high-value components for AR glasses, with individual product values exceeding $300, which constitutes over 70% of the core hardware costs [11] - The company is well-positioned to become a leading player in the global XR supply chain, capitalizing on technological barriers and strategic partnerships [11]
卡位谷歌 / META 供应链，瑞声科技(02018.HK) AR 量产开启成长新周期