[Financial News Focus] The "Beijing Smart Glasses Industry Development Action Plan" has been released. The AI glasses market has broad prospects, and this component is a core material.

People’s Finance News, April 7—Beijing has issued a major policy on the development of smart glasses. Recently, the “Beijing Smart Glasses Industry High-Quality Development Action Plan (2026—2030)” was officially released. The plan proposes that by 2030 Beijing will strive to build a globally leading smart glasses industrial hub, with the industry scale exceeding 40 billion yuan, achieving independent and controllable development of key core technologies and large-scale applications in key sectors such as industry, healthcare, culture and tourism, and smart cities. Among them, Beijing will accelerate the promotion of smart glasses application demonstration and scene expansion in areas including industrial manufacturing, health and medical care, education and training, and cultural tourism. It will support enterprises in jointly developing end-to-end integrated soft-and-hard solutions with industry users, build a number of benchmark demonstration projects that can be replicated and promoted, and form a standardized and modular application map. By driving large-scale adoption, it will promote technological iteration and industrial maturity. According to available information, AI glasses combine AI technology with the traditional eyewear form factor, and may be one of the best hardware carriers for future AI to be deployed for consumers (C-end). Currently, mainstream products include AI audio glasses, AI camera glasses, and AI+AR glasses with a display. A research report from CICC (China International Capital Corporation) Research points out that in September 2023, Meta launched the AI glasses era; in 2025, the industry will enter a product explosion period. It is expected that AI glasses products from companies such as Google will also be rolled out in 2026–2027. From the policy perspective, in 2026, AI glasses products will be included in categories related to national subsidies, which could further boost consumer demand. Lens manufacturers currently mainly position themselves in sales channels and customized lens segments, driving up the average transaction price. Looking ahead, they may be able to rely on their own accumulated experience in resin materials and optical fields to go deeper into more links in the industry chain, such as optoelectronic components like optical waveguides, electrochromic devices, and eye tracking, thereby sharing more value across the industry chain. From the industry chain perspective, the main control SOC is the core material for AI smart glasses. A research report from West China Securities states that, as the core material for AI glasses, the main control SOC accounts for more than 30% of the BOM, becoming the key to enabling AI smart glasses to achieve differentiation, and related companies will benefit. Taking RaybanMeta as an example, the Qualcomm AR1GEN1 chip’s value amounts to about $55, accounting for 34% of the full set cost.