Intelligent products and equipment is the value carrier, technological prerequisite and material base of intelligent manufacturing and service. The intelligent products and equipment refers to two dialectical aspects: on the one hand, commercialization of intelligent technology, turning intelligence technology into products, which is mainly reflected in the comprehensive application of the Internet of Things, big data, cloud computing, edge computing, machine learning, deep learning, security monitoring, automation control, computer technology, precision sensing technology, and GPS positioning technology; On the other hand, the intelligent products and equipment refers to the intellectualization of traditional products. The new-generation artificial intelligence endows traditional products with higher intelligence and injects strong vitality and developmental motivation into traditional products in the aspect of intelligent manufacturing equipment, intelligent production, and intelligent management. Based on extensive scientific surveys and current researches, and combined with the ten major fields of Made in China 2025 and macro policies such as the Three-Year Action Plan for Artificial Intelligence, twelve major equipment fields of intelligent products and equipment are formulated. Researches show that the new-generation intelligent products and equipment focuses on knowledge engineering and is prominently characterized by self-sensing, self-adaptation, self-learning, and self-decision-making. Ten key technologies will be prioritized in future.