SICC CO.(SH:688234) 行家说三代半·2025-05-20 09:15Core Viewpoint - The article highlights the rapid development and challenges in the silicon carbide (SiC) substrate industry, particularly in relation to the cost and application of SiC optical waveguide lenses in AR glasses, driven by innovations in materials and technology [1][2][3]. Group 1: Industry Trends - Meta's announcement regarding the use of SiC optical waveguide lenses in AR glasses has sparked significant interest and activity among various manufacturers in the AR hardware sector [1]. - Companies such as XREAL, 雷鸟创新, and 慕德微纳 are accelerating their investments in SiC optical waveguide technology, indicating a vibrant market environment [1]. - The industry is characterized by high technical enthusiasm and market vitality, with multiple SiC substrate companies actively participating in research and development [1]. Group 2: Cost Challenges - The high cost of SiC optical waveguide lenses, which can reach up to 2000 RMB per piece, is a major barrier to the widespread adoption of AR glasses [3][5]. - The production cost of Meta's AR glasses is significantly influenced by the SiC lenses, which account for a substantial portion of the overall cost [3][5]. - The article identifies four key challenges in reducing the cost of SiC substrates, including performance requirements, crystal growth, substrate processing, and production costs [7][12]. Group 3: Performance and Processing Differences - SiC substrates for optical applications have distinct performance requirements compared to traditional substrates, focusing on optical properties such as low light absorption and high transmittance [8][9]. - The processing techniques for optical-grade SiC substrates differ from those for conductive and semi-insulating substrates, necessitating higher precision and control [11][12]. - The article emphasizes the need for improved processing techniques to enhance yield and reduce costs in the production of optical-grade SiC substrates [11][12]. Group 4: Future Outlook and Innovations - Companies are optimistic about the potential for cost reduction through process optimization, scale effects, and technological advancements in SiC substrate production [15][16]. - The article suggests that if the AR glasses industry follows a growth trajectory similar to that of smartphones, the prices of optical-grade SiC substrates could significantly decrease by 2030 [16]. - The development of larger SiC substrates (8-inch and 12-inch) is expected to enhance production efficiency and lower costs, although challenges remain in achieving the necessary purity and defect control [19][20][21]. Group 5: Market Potential - The market for SiC-based optical waveguide lenses is projected to grow significantly, with estimates suggesting a demand for 60-180 million pieces by 2030 [21][24]. - The continuous efforts of leading SiC substrate companies to innovate and collaborate within the industry are seen as crucial for overcoming current cost barriers and driving market growth [21][24]. - The article concludes that advancements in SiC technology and cost reductions will likely lead to a new era of consumer-grade AR products, expanding the market for smart wearable devices [24].