Huatai Securities has highlighted that AI glasses are emerging as a pivotal hardware gateway in the age of intelligent agents. With large language models transitioning from 'passive response' to 'active execution', AI glasses are poised to evolve from simple information-prompting tools into comprehensive information gateways, enabling intelligent agents to perceive and interact with the world more effectively. Currently, the global AI glasses market is undergoing a transformation from 'display-less' to 'display-integrated' devices. Anticipation is high that industry giants Meta and Google will unveil next-generation products boasting enhanced AI capabilities between 2026 and 2027, further propelling the expansion of the industry. On the domestic front, China's industrial chain has already strategically positioned itself in key segments, including silicon-based OLED, optical waveguides, precision optics, ODM (Original Design Manufacturer), lenses, CIS (CMOS Image Sensor), LCOS (Liquid Crystal on Silicon), and Micro LED. Relevant leading enterprises have honed their competitive edge across multiple core segments of AI glasses.