CITIC Securities predicts that global AI NAS sales will increase from 60,000 units in 2024 to 6.69 million units in 2035.

The research report from CITIC Securities points out that household NAS has comprehensive advantages, but there are core obstacles such as product, market, and awareness, leading to a low penetration rate. AI completely solves the development bottleneck of traditional NAS, transforming NAS from a niche geek device to a household intelligent digital hub for the masses, achieving an exponential increase in user base. We estimate that global AI NAS sales will increase from 60,000 units in 2024 to 6.69 million units in 2035, with a CAGR of 54%, and the penetration rate will increase to over 60%. In the future, the competitive landscape of AI NAS will enter a period of accelerated restructuring, with the current momentum of domestic new forces led by Lianlian Technology being the strongest. Lianlian uses charging products as its base, and AI NAS as its second growth curve, with overseas shipments and capital operations expected to generate dual elasticity in performance and valuation.