According to the latest data released by IDC, the shipment of wearable devices in China in the first quarter of 2024 was 33.67 million units, a year-on-year increase of 36.2%. With the increase in sales volume, the market shipment pace has obviously accelerated. The leading companies in the industry chain have jointly invested in AI technology, and AI-side innovation is accelerating. Seize the investment opportunities brought by continuous innovation on the AI-side.
According to the latest quarterly tracking report on China's wearable device market released by IDC, the first quarter of 2024 saw a shipment of 33.67 million wearable devices in China, a year-on-year increase of 36.2%. With the increase in sales, the pace of market shipments has significantly accelerated. Among them, the smartwatch market shipped 9.1 million units in the first quarter of 2024, an increase of 54.1% year-on-year; the wristband market shipped 3.7 million units in the first quarter of 2024, an increase of 29.6% year-on-year; and the ear-worn device market shipped 20.75 million units in the first quarter of 2024, an increase of 30.6% year-on-year.
At WWDC 2024, Apple launched the personal intelligence system Apple Intelligence, which is compatible with iPhone, iPad, and Mac. In addition, many manufacturers plan to integrate generative AI into wearable devices, such as Apple's AirPods R&D project, which has attracted attention and is expected to add a camera or be used to enhance AI functionality. The Yan Fan team of CMB Electronics pointed out that with the joint investment of leading companies in the AI technology industry chain, such as terminal brands, chips, software applications, etc., terminal devices such as PCs, smartphones, robots, XR, wearable devices, smart automobiles, and smart homes are expected to usher in an AI innovation wave. Recently, AI innovation on the end-side has accelerated, and investment opportunities brought by continuous innovation on the end-side of AI should be seized.
According to the Financial Data Center, among related listed companies:
The micro-drive control system of Shenzhen Zhaowei Machinery & Electronics is in great demand for products that require small space and wiring, such as VR/AR/MR, gimbal, drones, and other 3C electronic technology brands.
O-film Group Co., Ltd has been engaged in the production and sales of optical and optoelectronic products such as camera modules, optical sensors, and optical lenses. Most of the products are used in mobile terminals such as smartphones, tablets, and smart wearables, as well as new terminal applications such as car cameras and security monitoring.