--- title: "Founder Securities: AI glasses open a new chapter in intelligence, and the industry chain collaboration empowers industrial upgrading" type: "News" locale: "en" url: "https://longbridge.com/en/news/244621103.md" description: "Founder Securities released a research report indicating that AI smart glasses will drive the upgrade of smart wearable devices, with global sales expected to reach 5.5 million units by 2025 and possibly exceed 1.4 billion units by 2035, with a penetration rate of about 70%. The market size for AR sports glasses is expected to exceed 3 billion USD by 2035. The report suggests paying attention to related targets such as DOCTOR, believing that the AI glasses market is transitioning from the exploratory phase to a period of rapid development" datetime: "2025-06-16T03:14:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/244621103.md) - [en](https://longbridge.com/en/news/244621103.md) - [zh-HK](https://longbridge.com/zh-HK/news/244621103.md) generator: "portal-rs" --- # Founder Securities: AI glasses open a new chapter in intelligence, and the industry chain collaboration empowers industrial upgrading According to the Zhitong Finance APP, Founder Securities released a research report stating that AI smart glasses, as the best carrier for AI applications, are driving the iteration and upgrade of smart wearable devices. It is expected that global sales will reach 5.5 million units by 2025 (year-on-year +135%), and sales may exceed 1.4 billion pairs by 2035, with a penetration rate of about 70%. The lens industry will welcome opportunities for both volume and price increases, with the scale of China's lens retail market expected to reach 53.71 billion yuan by 2029 (CAGR 6.2%). Sports scenarios are becoming an important application direction, with the AR sports glasses market expected to exceed $3 billion by 2035. The firm recommends paying attention to DOCTOR (300622.SZ) and other targets. ## Founder Securities' main viewpoints are as follows: **AI Glasses Market** AI smart glasses, as the best carrier for AI applications, are driving the iteration and upgrade of smart wearable devices. AI smart glasses not only compensate for the shortcomings of XR devices in terms of wearing comfort but also create a more suitable interaction mode for modern lifestyles. The AI glasses market is transitioning from an exploratory phase to a period of rapid development. The launch of RayBan Meta has attracted market attention, and the introduction of AI large models like DeepSeek is accelerating the promotion and implementation of edge-side AI. According to Weishen's forecast, with the entry of more brand manufacturers and the implementation of AI smart glasses products, global sales of AI smart glasses are expected to reach 5.5 million units by 2025, a year-on-year increase of 135%. Lightweight, functional AI+AR products are the future form of AI glasses development. By 2035, AI+AR smart glasses are expected to replace traditional smart glasses and reach a scale comparable to smartphones, with sales expected to reach 1.4 billion pairs and a penetration rate of about 70%. **Industry Chain Collaboration Empowering New Blue Ocean for Smart Wearables** In the Chinese AI smart interactive glasses industry chain system, the upstream segment is mainly composed of professional manufacturers of optical lenses, frame structural components, and core components, while the midstream includes ODM/OEM manufacturers and brand manufacturers, and the downstream mainly focuses on applications in commercial and consumer scenarios. Currently, market participants are mainly divided into four categories: internet manufacturers, large smart hardware manufacturers, technology innovation manufacturers, and traditional eyewear manufacturers. In the future, cooperation among manufacturers may lead to a pattern of complementary advantages and joint market expansion. **As the carrier of the core functions of AI glasses display and interaction, the lens industry will welcome new opportunities for both volume and price increases** As AI glasses extend to support customized lenses, coupled with the shortening frequency of Chinese consumers replacing glasses and the pursuit of a "one person, multiple glasses" lifestyle, the demand for lenses is expected to increase. Additionally, the lightweight design features of AI glasses and the multi-modal AI functions will accelerate the upgrade of lens products towards high-end, driving an increase in product prices. The retail market for lenses in China is expected to grow from 38.15 billion yuan in 2024 to 53.71 billion yuan by 2029, with sales expected to increase from 282.693 million pieces to 382.224 million pieces, with a compound annual growth rate of about 6.2%. **Traditional eyewear companies and technology enterprises collaborate to promote the intelligent transformation of the eyewear industry** Traditional eyewear retailers can effectively compensate for the cognitive shortcomings of technology companies in the eyewear market by leveraging their advantages in eyewear brands, sales channels, product quality, and specialized optometric fitting services. Technology companies, on the other hand, can endow AI glasses with intelligent capabilities. **The product proliferation of smart glasses manufacturers relies on traditional eyewear channel systems, and deepening cooperation is key to market expansion** When purchasing AI smart glasses, users exhibit significant pre-sale offline experience characteristics. Most smart glasses brands originate from the 3C electronics industry and find it difficult to independently meet users' prescription needs. Therefore, the product proliferation of smart glasses manufacturers will increasingly depend on the channel systems of traditional eyewear manufacturers, making collaboration with traditional eyewear retailers an inevitable choice. **Sports scenarios become one of the important landing scenes for AI glasses** The development path of AI smart glasses application scenarios has rapidly landed through essential vertical scenarios such as cycling and hiking, leading to comprehensive coverage of outdoor multi-scenario demands, becoming a key accessory for sports equipment. According to Weishen's forecast, it is expected that by 2035, annual sales of AR sports glasses will reach 17 million pairs, with a market size of approximately $3.3 billion. Among them, the sales of AR sports glasses for motorcycle riding, cycling/running, swimming, and skiing scenarios are expected to be around 15 million pairs, with a market size of approximately $3 billion. **Recommended targets** 1. DOCTOR: Leading eyewear retailer with significant channel advantages, has collaborated with top smart glasses manufacturers in the industry, and currently sells several AI smart glasses products, including the Thunderbird series, in its stores. 2. Mingyue Lenses: Leading domestic optical lens company, advancing both conventional and functional lenses, actively promoting AI smart glasses layout in collaboration with partners, and cooperating with Germany's Leica in the high-end lens field, which is expected to better support the development of AI glasses at the lens end. 3. Kangnait Optical: Leading lens manufacturing and exporting enterprise, collaborating with globally leading technology and consumer electronics companies, and working with Goertek to synergistically empower the AI glasses business. 4. Inbody: Leading fitness equipment manufacturer, plans to establish a joint venture with top domestic smart glasses manufacturers, leveraging its channel advantages in sports scenarios and the fitness field to enter the AI glasses market. **Risk Warning:** 1. Risk of downstream demand and smart glasses shipments falling short of expectations; 2. Risk of domestic manufacturers' technology R&D progress not meeting expectations; 3. 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