国泰海通｜轻工：智能眼镜产品力系列二：大模型催化，AI眼镜异军突起

Core Viewpoint - The article emphasizes that AI glasses without display functions are better suited to meet the underlying needs of traditional eyewear, suggesting they are likely to see earlier market adoption compared to AR glasses [1] Industry Growth Potential - The smart glasses industry is expected to enter a rapid growth phase, with companies in the supply chain poised to benefit from an upturn in market conditions [2] - The launch of the Ray-Ban Meta smart glasses marks a new product cycle, featuring improved audio-visual quality and integration with Meta's social platforms, enhancing user experience and application scenarios [2] Market Penetration Insights - AI glasses are currently at a nascent stage, with a projected penetration rate of only 0.1% in 2024, similar to the early adoption phase of smartwatches [3] - Forecasts indicate that global AI glasses shipments could reach 291 million units by 2034, with a compound annual growth rate (CAGR) of 55.16% from 2025 to 2034 [3] Product Development Challenges - Key factors hindering the rapid penetration of smart glasses include reliance on traditional offline channels for customer engagement, necessitating partnerships between brands and retailers [4] - The comfort of AI glasses is influenced by weight and design, with current models averaging around 50g, while traditional glasses weigh about 20g; achieving a balance between functionality and comfort is crucial [4] - Battery capacity and performance are critical for convenience, requiring advancements in battery materials and technology to enhance longevity [4] - The system-on-chip (SoC) is vital for the performance of AI glasses, impacting user experience through its ability to handle various tasks efficiently [4]