AI眼镜板块爆发，主要受字节豆包视频功能、以及多款AI眼镜新品发布的催化： 李未可：5.25日发布View AI拍摄眼镜，李未可 City 以及 City Air AI 音频眼镜三款新品，不含优惠的起 售价分别为1999、899和999元。其中View AI眼镜正常使用续航达到8h，重量不到38g； 雷鸟：5.27日召开雷鸟X3发布会，预计采用双目全彩MicroLED+光波导方案，同时具备拍摄、手势跟踪 以及其他AI功能； 雷神：5.30AI眼镜正式发售，定价1999元，配充电仓2299元； Rokid：AI Glasses有望6月发布，定价2499元，采用单色MicroLED+光波导显示方案，生态积累雄厚； 小米：首款AI眼镜有望6月发布，预计不带显示功能； AI眼镜兼具科技属性与新消费属性，发展空间星辰大海 小米集团-W（01810）：小米AI眼镜全面对标Meta Ray-ban，与歌尔合作打造，搭载AI功能、音频耳机 模块、摄像头模块，并以小米自有品牌形式发布。新款的小米AI眼镜预计将加入大模型的加持，同时 还将支持视频、照片的拍摄，甚至是智能识别显示场景等。据维深信息估算，小米AI眼镜的税后综合 成本 ...

Core Insights - Apple plans to launch its first AI smart glasses by the end of 2026, with prototype testing expected to be completed by the end of this year [1] - The AI glasses will feature functionalities similar to Meta's Ray-Bans and Google's Android XR glasses, with a more affordable price point and portability [1] - The AI glasses market is experiencing significant interest, with related stocks in the A-share market attracting attention from investors [1][5] Product Development - Apple's smart glasses will include a camera, microphone, and speaker, enabling various functions such as phone calls, music playback, real-time translation, and navigation [2] - The processing chip for the smart glasses is based on the Apple Watch's chip, designed for lower energy consumption compared to components used in iPhones, iPads, and Macs [2] Patent Landscape - Apple has over 290 publicly disclosed patent applications related to AI glasses, with more than 60 granted patents focusing on display technology, user interfaces, and human-computer interaction [3] - Meta has a strong patent portfolio in the AI glasses space, with over 300 disclosed applications and more than 80 granted patents [3] Market Trends - The global sales of AI smart glasses are projected to reach 600,000 units in Q1 2025, representing a 216% year-on-year increase, with an expected total of 5.5 million units sold in 2025 [4] - The compound annual growth rate for AI glasses sales is anticipated to reach 97.4% over the next six years [4] Industry Dynamics - The AI glasses supply chain is becoming increasingly integrated, with domestic companies focusing on optical, chip, sensor, and AI technologies [5] - Key players in the supply chain include companies specializing in optics, chips, and assembly, such as Mingyue Optical, Crystal Optoelectronics, and Goertek [5][6] Collaboration and Partnerships - Doctor Glasses has partnered with various brands for its smart glasses business, while Lens Technology is collaborating with Rokid for comprehensive assembly solutions [6] - The performance of the system-on-chip (SoC) is critical for user experience, accounting for approximately 30% of the total product cost [6][7] Technological Advancements - The Qualcomm AR1 chip, currently using a 4nm process, is a popular choice among manufacturers, with an updated version expected in 2025 [7] - Domestic chip manufacturers are emerging with competitive products, providing diverse options in terms of size, performance, and power consumption [7]

Core Viewpoint - The newly launched "INAIR AI Space Computer" by INAIR is positioned as the world's first mass-produced AI space computer, priced at 6999 yuan, which is significantly higher than many domestic AR products priced around 2000-3000 yuan [1][3]. Company Overview - INAIR, founded in 2022 and based in Weihai, Shandong, focuses on AR and AI glasses aimed at providing an alternative to laptops for light office scenarios [3]. - The co-founder and CEO, Huang Hai, has over ten years of experience in XR product research and development, previously working at Broadcom and Intel [3]. - The company has recently completed a multi-million yuan Series A financing round, led by Weihai Venture Capital [3]. Product Features - The "AI Space Computer" includes three core hardware components: AR glasses (INAIR 2 Pro), an independent computing center (INAIR Pod), and a 3D spatial operation keyboard (INAIR Touchboard), all housed in a charging-enabled external dock [3][5]. - The AR glasses utilize the BirdBath optical solution and Sony's Micro-OLED display technology, weighing 77g, with a PPD angular resolution of 49 and supporting a 120Hz refresh rate [5]. - The INAIR Pod, weighing 158g, integrates system, interaction, and power supply functions, featuring a Qualcomm Snapdragon 7 series octa-core chip and a circular touch screen [5][6]. Market Positioning - INAIR aims to cater to business professionals who travel frequently, positioning its product as a "second laptop" rather than just a pair of glasses [6][13]. - The product's pricing strategy reflects a belief in its unique value proposition, targeting a niche market of users willing to invest in a portable computing solution [11][13]. - The company acknowledges the challenges in achieving mass market penetration for AR glasses, with a sales target of one million units seen as a significant milestone [13].

Core Viewpoint - The Ministry of Industry and Information Technology has released a draft of mandatory national standards for children's smart watches, focusing on safety requirements to address privacy concerns, addiction prevention, and battery safety [1][2][3] Group 1: Safety Requirements - The draft standard includes specific requirements for battery safety, mandating that lithium-ion batteries used in children's smart watches must comply with GB 31241 standards and undergo tests for overcharging, crushing, and thermal abuse [1] - Smart watches must support settings for usage duration and time periods to prevent internet addiction, and payment functions must require parental consent upon first use, along with limit settings and bill viewing capabilities [1][2] Group 2: Privacy Protection - The standard emphasizes the need for children's personal information processing rules, which must be publicly displayed for guardians to review, and prohibits default access to microphones, cameras, and location services without parental consent [2] - A dedicated content pool for children must be established, with regular updates of beneficial content, and the prohibition of pre-installed generative voice Q&A applications to prevent inappropriate content dissemination [2] Group 3: Industry Impact - The establishment of these standards aims to regulate the children's smart watch market and guide the broader smart wearable device industry, encouraging companies to prioritize safety and applicability in product design and development [2] - The implementation of the standards is expected to drive innovation in related technologies, such as requiring smart watches to have anti-spoofing detection capabilities for biometric identification [2] Group 4: Collaborative Efforts - The safety of children's smart watches relies not only on the establishment and enforcement of standards but also on the collaborative efforts of parents and companies to ensure proper usage and compliance with safety regulations [3] - The introduction of the mandatory national standard is a significant step in ensuring the safety of children's smart devices, aiming to enhance product quality and provide a secure environment for children's growth [3]

Core Insights - Google has entered the smart glasses market by collaborating with Xreal to launch the first smart glasses equipped with an augmented reality (AR) operating system [1][3] - The product, named Project Aura, was showcased at the Google I/O conference and runs on the newly released Android XR system, which aims to replicate the Android experience across various devices [3][5] - Google is also working with Samsung on a head-mounted display called Project Moohan and is developing non-AR glasses in partnership with Gentle Monster and Warby Parker [3][5] Product Details - Project Aura is expected to be available to consumers by the end of this year or early next year, with a price range significantly lower than competitors, estimated between $200 and $600 [4][5] - The glasses will feature a lightweight optical see-through design, allowing users to access common Android applications [4][5] - The device will prioritize developers initially, enabling them to create augmented experiences using familiar Android tools [4] Competitive Landscape - Xreal's CEO indicated that the Android XR smart glasses are designed to compete with Meta's upcoming AR glasses, which are expected to launch by 2027 [4] - Meta has also introduced a new version of its smart glasses with a display, priced between $1,000 and $1,400, while Xreal aims to offer a more cost-effective alternative [4][5] - Google’s strategy involves partnering with established hardware brands like Samsung and Xreal, rather than developing its own devices from scratch, contrasting with Apple's approach of self-developing products like the Vision Pro [5][6] Strategic Implications - The Android XR system is central to Google's strategy to expand its operating system beyond smartphones into areas like TVs, cars, and smart home devices [5] - The collaboration with Xreal allows Google to leverage its software expertise while Xreal focuses on hardware development, enhancing the potential for competitive products in the AR space [5][6] - The integration of augmented reality and artificial intelligence is seen as a significant advantage for the upcoming smart glasses, potentially redefining user experiences in both entertainment and professional settings [6]

金十数据5月21日讯， 开云集团旗下开云眼镜5月20日宣布与谷歌合作，共同开发搭载Android XR系统 的AI眼镜。 开云眼镜将与谷歌合作开发AI眼镜 ...

Group 1 - Zhejiang has issued measures to support AI innovation, including subsidies for smart home robots and smart glasses, offering up to 2000 yuan per item based on 15% of the product price [1] - Rayban AI smart glasses are expected to start pre-sale on May 30, with a base price starting at 1999 yuan [1] - The market for AI glasses is projected to grow significantly, with global sales expected to reach 3.5 million units by 2025 and 90 million units by 2030, reflecting a CAGR of 91.4% from 2025 to 2030 [1] Group 2 - Doctor Glasses has set up smart glasses display cabinets in over 100 retail stores and is collaborating with leading smart glasses manufacturers [2] - Hengxuan Technology's smart glasses solution based on the BES2800 chip can achieve lightweight model local execution [2]

Core Insights - The recent launch of smart glasses by Huawei has garnered significant market attention, with the upcoming 2025 Shenzhen International Optical Expo focusing on the integration of traditional eyewear and smart wearables [2] - The year 2025 is anticipated to be a breakthrough year for smart glasses, with major tech companies like Apple, Facebook, and Google entering the market alongside domestic giants such as Huawei, Xiaomi, ByteDance, and Alibaba [2] - Shenzhen is emerging as a competitive hub for the smart glasses industry, with a growing number of companies and a robust industrial ecosystem, indicating the potential for a trillion-dollar new industry [2][4] Industry Developments - The concept of AI glasses is evolving, with advancements in VR, AR, and AI technologies leading to more intelligent and lightweight products [3] - Shenzhen's action plan for 2025-2026 aims to promote AI wearable devices, including smart glasses, smartwatches, and AR/VR equipment, focusing on high-cost performance for specific market demands [3] - The establishment of the AI Smart Glasses Industry Alliance in Bao'an district aims to integrate resources across the industry chain, fostering collaboration among companies [6] Competitive Landscape - Bao'an district is rapidly becoming a key player in the smart glasses industry, benefiting from a strong industrial foundation and policy support, with a complete supply chain from components to manufacturing [5][7] - Companies like Xianshun Technology and Yijing Virtual are making significant strides, with Xianshun developing the world's smallest near-eye display optical system and Yijing Virtual creating a commercial development board for smart glasses [5][7] - The smart glasses market is expected to see a surge in product launches this year, with various types of glasses, including audio glasses and multifunctional smart glasses, anticipated to enter the market [8] Future Outlook - The smart glasses industry in Shenzhen is projected to experience rapid growth, positioning the region as a global leader in smart wearable devices [4] - Bao'an district aims to cultivate 3-5 industry-leading companies and exceed 600 AI enterprises by 2026, with a target of achieving a scale of 55 billion yuan in the AI industry [7][8] - Predictions suggest that smart glasses could become an essential part of daily life and potentially replace smartphones by 2035 [8]

Investment Rating - The report maintains an "Outperform" rating for the industry [2] Core Insights - The year 2025 is expected to be a breakout year for AI glasses, with significant growth in sales and the emergence of domestic SoC (System on Chip) solutions [4][39] - The global AI glasses market is projected to reach 5.5 million units by 2025, with a CAGR of 97.4% over the next six years [26] - Major brands are entering the AI glasses market, leading to increased competition and innovation [4][39] Summary by Sections AI Glasses Market Overview - In Q1 2025, global AI glasses sales reached 600,000 units, a 216% increase year-on-year, driven primarily by the success of Ray-Ban Meta glasses [20] - The report highlights that over 60 manufacturers are currently developing AI glasses, indicating a highly competitive landscape [43] SoC and Component Analysis - The main control SoC accounts for approximately 30% of the total BOM (Bill of Materials) cost of AI glasses, significantly influencing product performance and user experience [5][29] - The report identifies three main SoC solutions: single-chip SoC, dual-chip SoC with a co-processor, and a main SoC with a separate ISP [6][50] Key Players and Products - Major companies such as Meta, Xiaomi, and various domestic brands are actively launching AI glasses, with Meta's Ray-Ban Meta leading in sales [39][40] - The report suggests monitoring companies in the AI glasses chip supply chain, including Hengxuan Technology, Aojie Technology, and others [6] Future Projections - The report anticipates that by 2025, Meta will release a new AI glasses model, Hypernova, which will include a heads-up display [32] - The competitive landscape is expected to intensify as more smartphone manufacturers and tech companies enter the AI glasses market [4][39]

Core Insights - VITURE focuses on creating AI glasses that enhance immersive experiences for gamers, aiming to fill the gaps left by mobile devices in terms of immersion [1][4][6] - The company has achieved significant market penetration, capturing over 50% of the North American AR glasses market by Q4 2024, and plans to expand into the Chinese market by the end of 2024 [1][14] Product Development and Strategy - VITURE's AI glasses are designed to replace traditional screens, with a unique neckband accessory that allows for a more mobile gaming experience [1][7] - The company emphasizes the importance of user experience and addressing real user needs rather than merely selling technology [2][14] - The introduction of 3D display capabilities, enabled by advancements in AI, allows users to experience their content in a new dimension, enhancing the overall value of the product [8][11] Market Positioning - VITURE targets the gaming community, which has a clear definition and high expectations for immersive experiences, making it easier to identify and meet their needs [5][6] - The company believes that the key to success in the AI glasses market lies in reducing the daily smartphone usage time by at least 20%, indicating a significant shift in user interaction with devices [12][13] Future Outlook - VITURE plans to adapt its strategies for the Chinese market, recognizing the differences in user profiles and market dynamics compared to North America [15] - The company aims to balance the need for lightweight, comfortable designs with innovative functionalities to cater to both all-day wear and situational use [13][16]