Core Viewpoint - The article discusses the potential growth and challenges of smart glasses as a new AI terminal, highlighting the expected global shipment of 15 million units in 2023, with approximately 1.5 million units in the Chinese market [4][13]. Industry Overview - The smart glasses industry is at a critical stage of transitioning from technology validation to commercial implementation, with significant participation from tech giants and innovative companies [5]. - Shanghai has developed a comprehensive ecosystem for the smart glasses industry, featuring key players in core components and assembly [5][6]. Technological Developments - Companies like Goertek are focusing on lightweight materials and miniaturization of key components to enhance user experience [4][12]. - Hengxuan Technology has achieved significant production milestones with its ES2800 series chips and plans to advance to a 4nm process node to reduce power consumption [4][13]. Policy and Support - Shanghai's government aims to support the smart glasses industry through policy guidance, funding for R&D, and fostering innovation in core technologies [7][8]. Market Trends - The industry is shifting from hardware competition to enhancing user experience, with a focus on lightweight designs and immersive functionalities [9][12]. - Ant Group emphasizes the importance of smart glasses as a new interaction terminal, potentially serving as a hub for connecting various devices [10][11]. Future Outlook - The smart glasses market is expected to see explosive growth, with a focus on developing popular products and enhancing the overall ecosystem [5][8].