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AI+2021.10 iResearch Inc.2 iResearch Inc AI+2020 AI+453 2021-2025 2025 900 AI AI AI ASIC AI AI ICT AI AI AI 86%2021-2025 AI 10%AI SMSAI AIoT AI ICT AI AI AI 3 1 2 3 44 iResearch Inc AI+AI+AI+AI+AI+AI+G B C 5 iResearch Inc iResearch Inc 2020 8510 2.9%2019 2020 49005400601669008269851012.6%10.2%11.4%14.7%19.8%2.9%2015 2016 2017 2018 2019 2020%2015-2020 2020 59.9%30.6%9.5%6 iResearch Inc iResearch Inc 15.2 16.0 17.3 18.3 19.0 18.3 8.44.57.46.23.8-3.92015 2016 2017 2018 2019 2020%2020 2020 2019&2020 2015-2020 1.2%10.2%10.1%8.0%10.3%10.6%15.7%24.0%2019%2020%7 iResearch Inc AI AI AI AI AI AI AI AI+AI 3000 AI 8 iResearch Inc AI+2012 2016 AI+AI+AI AI AI AI+9 1 2 3 4102.1 AI+AI+AI+11 iResearch Inc AI+-/VIP-/12 iResearch Inc AI+AI AI AI/ISV ICT2021 AI+AI13 iResearch Inc AI+2021 AI+logo AI+/AI/ICT 142.2 AI+AI+AI+AI+AI+15 iResearch Inc iResearch Inc 453 542 616 728 823 913 13.3%19.5%13.7%18.3%13.1%10.9%-150.0%-100.0%-50.0%0.0%0500100015002020 2021e 2022e 2023e 2024e 2025eAI+AI+%2020-2025 AI+2020 AI+453 13.3%2018 250%2021 542 2021-2025 2025 900 AI AI+2025 900 AI AI 2017 2018 2019 AI+2019 2020&2025 AI+85.5%71.7%9.6%18.0%2.6%5.9%2.2%4.4%2020 2025e%CAGR 14%16 iResearch Inc iResearch Inc AI+2020 86%376 AI+2017 AI 2021-2025 AI 10%2025 654 AI AI 70%34%70.3%66.3%29.7%33.7%2020 2025E%376 443 486 562 616 654 11.7%18.0%9.7%15.7%9.6%6.2%2020 2021e 2022e 2023e 2024e 2025eAI+AI+%2020-2025 AI+2020&2025 AI+CAGR 10.2%17 iResearch Inc iResearch Inc AI+2020 AI+371 99%2020 2025 AI 53.2%42.7%4.1%5.3%1 AI 2 3 NVR AI NVR AI 2020 AI+2025 AI+18 iResearch Inc-2020 2.7 2025 8.8 32.0%2019-2025 27368 38865 53725 66528 77296 88338 64.2%42.0%38.2%23.8%16.2%14.3%-500.0%-400.0%-300.0%-200.0%-100.0%0.0%100.0%-1000010000300005000070000900001100001300001500002020 2021e 2022e 2023e 2024e 2025e%19 iResearch Inc AI+2025 160 AI+AI 2020 AI+50 AI 2025 AI+164 2020-2025 AI+51 66 89 113 138 164 21.8%27.5%35.4%27.8%21.4%19.4%-40.0%-30.0%-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%0501001502002503002020 2021e 2022e 2023e 2024e 2025e AI+AI+%20 iResearch Inc iResearch Inc AI+AI AI AI AI 2025 5 AI 20%2020&2025 AI+2020&2025 AI+2020,91.9%2020,8.1%2025e,86.2%2025e,13.8%35.5%47.3%19.6%28.6%26.9%14.4%18.0%9.6%2020 2025e%21 iResearch Inc iResearch Inc 82.2%11.1%6.7%14 17 22 28 39 54 14.2%21.3%26.3%31.5%36.3%39.9%-40.0%-20.0%0.0%20.0%40.0%0204060802020 2021e 2022e 2023e 2024e 2025e AI+AI+%AI+AI 2020 AI 14 2025 50 AI 8 AI 2020-2025 AI+2020 AI+22 iResearch Inc AI+AI AI 2020 AI 12 2025 40 AI 2020-2025 AI+12 16 19 24 30 40 32.5%30.0%22.8%23.9%27.9%30.9%-40.0%-30.0%-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%50.0%0102030405060702020 2021e 2022e 2023e 2024e 2025e AI+AI+%232.3 AI+AI+AI+AI+24 iResearch Inc AI AI AI+AI+AI+AI+AI 2019.01 2021.06(2021-2025)25 iResearch Inc iResearch Inc 55 276 684 1593 2488 3536 2017 2018 2019 2020 2021e 2022e AI AI+ASICAI AI 1080P 4K/8K ASIC AI ASIC ASIC AI 2017-2022 AI ASIC AI 2M 4M 4K 8K 0.5TOPS 1TOPS 2TOPS 4TOPS 1W 1W 2-2.5W 3W26 iResearch Inc iResearch Inc 214056 5278 133 152 221-31%48%49%54%2020 Q1 2020 Q2 2020 Q3 2020 Q4%AI+2020 2186 752.6 Q1 Q2 Q3 Q4 40%50%Q4 54%61%78%2020 2020 61%116193273 280161275373515-20%34%41%41%2020 Q1 2020 Q2 2020 Q3 2020 Q4%27 iResearch Inc AI+AI+B-AI AI-Small B-2021 AI+28 iResearch Inc AI+AI AIAI AI 2-3 AI AI ICT AI 2020 AI 2025 AI 4000 2017-2025 AI 23000 16200 11900 9085 6330 5134 4559 4230 4019 2017 2018 2019 2020 2021e 2022e 2023e 2024e 2025e AI/CAGR=-19.6%29 1 2 3 430 iResearch Inc AIoT 2014 AIoT 50 SMB AI IoT AIoT Edge AIoT PaaS Edge SaaS SaaS SaaS IoT AIoT wo IoT AIoT 31 iResearch Inc AI AI AI 40+AI 2D-3D Pose DMS REID AI AIoT IoT AI IHV ISV AIoT IoT SaaS AI AI-REID 2W Top1 97.5%99.5%MAE5 AI AIoT AI API SDK AIoT 32 iResearch Inc AI AI AI+X-AI X-AI 0 AI AI AI SDK 33 iResearch Inc AI AI AI AI AI AI AI 34 iResearch Inc AI 2012 AI ReID One AI FaceTick FacePass AI+FaceTick FacePass ReID 35 iResearch Inc AI AI AI TPU AI AI AI SM5 SC5H SC5+Sophon SC5+3 BM1684 105.6T INT8 Winograd Enable 6.6T FP32 1 BM1684 PCIE SM5 BM1684 16 AI SE5 SA3 BM1684 INT8 17.6TOPS 16 38 1080P 2 SOC AI AI AI 36 iResearch Inc Know-How AI(LiteMind)AI 37 1 2 3 438 iResearch Inc AI AI+AI AI AI+39 iResearch Inc AI AI/AI AI AIoT AI AIoT/AI ICT AI AI AI AI 40 IPO 41 2002 3000 400-026-Contact Us 42
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