Investment Rating - The industry rating is "Overweight" (maintained) [4] Core Insights - The report highlights that the National Development and Reform Commission will subsidize digital products such as mobile phones, and the penetration rate of AI smartphones continues to rise [3] - Domestic manufacturers have made technological breakthroughs in the storage sector, presenting investment opportunities [3] - The wearable device market saw a year-on-year growth in the third quarter, with smart glasses becoming an important carrier for AI [3] - The global VR and MR headset shipment volume is expected to reach approximately 9.6 million units in 2024, representing a year-on-year growth of 8.8% [4] - Major manufacturers, including NVIDIA, Foxconn, and Alibaba Cloud, are increasingly entering the AR/AI glasses market, which may accelerate industry technology development and drive demand growth [4] Summary by Sections Industry Performance - Over the past 12 months, the industry has shown a relative return of 13.4% compared to the CSI 300 index, with an absolute return of 27.05% [2] Key Events - NVIDIA announced a patent for AR glasses in January 2025, utilizing advanced holographic technology for clearer virtual image presentation [4] - Foxconn has partnered with Porotech to enter the AR glasses market, planning to establish a Micro LED wafer processing line by Q4 2025 [4] - RayNeo and Alibaba Cloud have formed a strategic partnership in the AI glasses sector, marking a significant collaboration in the industry [4] - Thunderobot unveiled new AI+AR glasses at CES 2025, showcasing advanced display and processing technologies [4] Investment Recommendations - The report suggests focusing on companies within the supply chain, including Goertek, Luxshare Precision, Yida Information, Crystal Optoelectronics, and Hengxuan Technology, as the VR/MR and AR/AI glasses industries are expected to accelerate in growth [4]
电子行业：VR/MR设备年出货量同比增长，多家厂商开始布局AR/AI眼镜
Jianghai Securities·2025-01-14 03:03