Augmented Reality (AR) is making a name for itself in areas like e-commerce, engineering, and education. This is the sole reason why you should invest in any of the Cheapest Augmented Reality Stocks with great prospects.<\/p>\n\n\n\n
AR is growing in popularity due to its widespread use across all industries, while VR is mostly limited to the gaming and entertainment industries. <\/p>\n\n\n\n
AR simply connects the real and the virtual world and gives us a real experience.<\/p>\n\n\n\n
Imagine bringing a piece of furniture home and checking that it fits without adding the product to the shopping cart.<\/p>\n\n\n\n
When someone talks about AR, they are referring to a technology that overlays information and virtual objects in real-time in real scenes. It uses the existing environment and adds information to create a new artificial environment.<\/p>\n\n\n\n
Augmented Reality was first created in 1957 by a cameraman named Morton Heilig. He invented the Sensorama, which provided the viewer with images, sounds, vibrations and smells.<\/p>\n\n\n\n
Many developers create augmented reality apps<\/a><\/strong>. This has opened the technology to many uses and to a wider audience.<\/p>\n\n\n\n Perhaps the most popular example of AR technology is the Pok\u00e9mon Go mobile app. It has become a hit with players trying to spot and capture Pok\u00e9mon characters that appear in the real world.<\/p>\n\n\n\n Augmented Reality is growing quietly quickly. According to MarketsandMarkets.com<\/a><\/strong> report in 2019 AR was valued at $350 million in 2018, and its value is expected to increase between 2019 and 2024 at an average annual growth rate of around 150%.<\/p>\n\n\n\n Areas, where AR is likely to be used in the near future, include social media, mobile devices, virtual conference calls, and automotive devices.<\/p>\n\n\n\n The growth of Augmented Reality (AR) applications in recent years has been due to solutions that enable consumers to visualize products and imagine what it feels like to own the product or experience the service before actually buying it.<\/p>\n\n\n\n As advanced technology becomes more sophisticated and cost-saving and business applications increase, the demand and investment in AR will increase.<\/p>\n\n\n\n Below is the list of the Cheapest Augmented Reality Stocks which you can invest in and take advantage of its rise.<\/p>\n\n\n\n Following the rise in the influence of AR and its demand in the world, so its stocks rising which becomes a great advantage to those who invest in it.<\/p>\n\n\n\n Thus, with the increase in the demand for augmented reality, her stocks also rise speedily. If you really want to make more money in the tech business<\/a><\/strong>, it would be the wisest thing to do to invest in augmented reality stocks.<\/p>\n\n\n\n Himax generates most of its sales with integrated circuits (ICs) for digital displays. This core business has struggled with slow sales of televisions, monitors, and mobile devices around the world over the past year.<\/p>\n\n\n\n However, nearly a quarter of Himax’s sales come from its non-driver business, which makes a variety of liquid crystal-on-silicon (LCOS), wafer-level optics (WLO), and depth-sensing camera components.<\/p>\n\n\n\n All three types of chips play a vital role in the AR market. <\/p>\n\n\n\n The company’s shares are up 29.5% over the past six months, slightly more than the electronics – semiconductor industry, up 20.3%.<\/p>\n\n\n\n One of Himax’s most important AR partners is Qualcomm, the world’s largest manufacturer of processors for mobile applications and baseband modems.<\/p>\n\n\n\n It’s best known as a telecommunications and semiconductor game, and it’s not often confused with a list of AR stocks. However, Qualcomm is very well positioned to benefit from mainstreaming augmented reality.<\/p>\n\n\n\n One of the platform’s first partners is Niantic, the inventor of Pok\u00e9mon GO, who will use the chipset in upcoming AR glasses.<\/p>\n\n\n\n SNAP operates as a camera company in the US and internationally. Most of its revenue comes from ads on Snapchat. <\/p>\n\n\n\n Snap has “built a significant lead in augmented reality” and that “smartphone-based augmented reality will be a major growth driver over the long term.<\/p>\n\n\n\n Snapchat’s AR ecosystem includes lenses, games, and experiences and continues to sell Spectacles AR glasses. <\/p>\n\n\n\n Overall, Snap is benefiting from its growing popularity among teenagers, fuelled by the number of exciting features the platform has.<\/p>\n\n\n\n The company’s shares are up 20% against the Internet in the past six months – the software industry’s 4% decline. <\/p>\n\n\n\n Additionally, the company’s expected earnings growth rate for the current year is 61.7%, well above the industry’s forecast 8.9% increase.<\/p>\n\n\n\n Apple Inc. (AAPL) develops, manufactures, and markets smartphones, PCs, tablets, wearables, and accessories worldwide. At the same time, Apple is preparing for the upcoming AR dominance.<\/p>\n\n\n\n The company introduced AR software development tools called ARKit in 2017 and introduced ARKit 2.0 in 2019. Such development tools help start-ups to create AR applications.<\/p>\n\n\n\n Speaking of Apple, it’s also a name to watch out for if you think augmented reality is a serious opportunity.<\/p>\n\n\n\n Yes, smartphones are powerful computers that seem to get more powerful with each iteration. However, that’s not why the company is such an interesting AR prospect. Rather, Apple is allegedly developing its own augmented reality headset, a la Google Glass.<\/p>\n\n\n\n The iPhone maker’s stock rose 86% to $293 per share last year, making it the best-performing stock on the Dow. And the star run is far from over.<\/p>\n\n\n\n Apple currently ranks 2nd at Zacks<\/a><\/strong>. The company’s expected earnings growth rate for the current year is 10.7%, slightly higher than the computer-mini-computer industry’s estimated 10% growth. <\/p>\n\n\n\n Productivity software, the cloud, and operating systems are still and will be the heart and core of the company.<\/p>\n\n\n\n However, Microsoft is wading into augmented reality waters fast enough that it may have little effect on the value of the stock.<\/p>\n\n\n\n How? The HoloLens made by the company, is arguably the most mature and marketable AR \/ VR headset currently available, even if interest has so far been lukewarm.<\/p>\n\n\n\n For the record, MicroVision and Microsoft are two different companies. The Microsoft mentioned above is the maker of the HoloLens, which may be on the verge of becoming a must-have.<\/p>\n\n\n\n MicroVision’s role in the augmented reality movement is slightly different, however. It is the manufacturer of lasers (and the technologies that support them) that can project images and data into the glass.<\/p>\n\n\n\n The most practical and tangible application of PicoP (r) technology is to project the information normally found on a car’s dashboard onto the windshield so that the driver can keep their eyes on the road.<\/p>\n\n\n\n Facebook practically introduced the AR market as we know it back in 2014 with the purchase of Oculus. <\/p>\n\n\n\n Unfortunately, while the debut of the Oculus Rift headset in 2016 may have attracted a lot of attention, sales of the Rift and subsequent headsets – including the new Oculus Quest – didn’t have much of an impact on Facebook’s bottom line.<\/p>\n\n\n\n Filters for photos and videos captured on Instagram and Facebook Messenger have made AR popular with a large, youthful, and tech-savvy user base that Facebook hopes to use its virtual reality headsets one day – and although that day is still a long way off <\/p>\n\n\n\n This is how it will continue to pull yourself closer together and make Facebook one of the best AR stocks today.<\/p>\n\n\n\n READ ALSO: How to Buy TESLA Stocks in Canada | 2023 Full Guide to Wealth<\/a><\/p>\n\n\n\n Alphabet is another of the biggest Augmented Reality stocks. Even when Microsoft was developing high-priced AR\/VR devices, Alphabet took a very different approach.<\/p>\n\n\n\n Back in 2014, the company introduced Google Cardboard, a cardboard viewer that users can insert their smartphones into to create an instant virtual reality headset.<\/p>\n\n\n\n The low-cost approach was so successful that the company launched the Google Daydream headset in late 2016, priced at $79. The company discontinued it in 2019, however, and Alphabet has not yet tried any other headset.<\/p>\n\n\n\n The company has now started integrating AR technology into its Android operating system in Google Maps, Google Lens, and Google Pixel smartphones.<\/p>\n\n\n\n The history of the AR\/VR market is simple: companies try to lure consumers with unproven and expensive technology and when it inevitably fails, they eventually turn to corporate customers. <\/p>\n\n\n\n The exception to this rule was Sony, which positioned its PlayStation VR (PSVR) headset as an excellent choice for VR “noobs”.<\/p>\n\n\n\n The platform’s affordability coupled with an impressively large library of games makes it an attractive entry point for gamers who are curious about virtual reality and who know and trust the Sony brand.<\/p>\n\n\n\n This makes the PSVR the best-selling VR headset on the market with 5 million devices sold as of January 2020.<\/p>\n\n\n\n Although Alphabet was actively pursuing the VUZI project; After that, the first launch of Google Glass was pretty much a flop.<\/p>\n\n\n\n However, the idea of \u200b\u200bprojecting information onto a glass that a user\/wearer can see through has never really disappeared. It simply has far more uses as an industrial or commercial tool than for consumers.<\/p>\n\n\n\n Putting on a headset and stepping into a virtual world is all well and good, but the experience is only possible thanks to the hardware under the hood.<\/p>\n\n\n\n Given that Intel is one of the largest semiconductor manufacturers in the world, it’s not surprising that its products support VR headsets made by various companies, including Oculus and HTC.<\/p>\n\n\n\n While Intel developed its own VR and AR headsets – R.I.P. Vaunt and Project Alloy – providing the hardware that headsets work with, as well as the content that users view through those headsets, isn’t a bad business model.<\/p>\n\n\n\n When the name Lumentum (LITE) rings, there’s a reason. That stock came into the spotlight in late 2017 when Apple CEO Tim Cook started talking about the prospect of augmented reality.<\/p>\n\n\n\n While he didn’t specifically say how (or if) Apple would target the AR market at the time, and didn’t even mention Lumentum by name, the potentially bullish connection makes a lot of sense.<\/p>\n\n\n\n Lumentum makes the kind of 3D sensor lasers that can turn a smartphone into a kind of radar – an important piece of the augmented reality movement.<\/p>\n\n\n\n SEE ALSO: How to Make Money Off Cash App Stocks In 2023<\/a><\/p>\n\n\n\n Immersion Corporation (IMMR) has earned a spot on a list of notable AR stocks with its TouchSense (r) Force technology that turns screens into a tactile, haptic experience.<\/p>\n\n\n\n It was particularly impressive in the VR gaming world, but the possibilities are only now being fully explored.<\/p>\n\n\n\n Axon Enterprise Inc (AAXN) is not yet an augmented reality game. But it seems that it will be soon. In 2018, the maker of TASERs and body-worn cameras suggested that AR and VR would be the next frontier.<\/p>\n\n\n\n It is not entirely clear what this could mean.<\/p>\n\n\n\n However, given the nature of the target markets – law enforcement and military personnel – it is pretty safe to assume the company is considering ways to better protect and equip people wearing uniforms and a gun for work.<\/p>\n\n\n\n Last but not least, it might seem a bit obvious, but add Nvidia (NVDA) to your list of AR stocks to keep track of things.<\/p>\n\n\n\n Nvidia has already proven capable of handling the large visual data loads associated with virtual reality. Making Augmented Reality even better turns out to be relatively easy in comparison.<\/p>\n\n\n\n One area that enables this, is the automobile front. Like MicroVision, Nvidia is working to improve the driving experience by fusing AR with artificial intelligence.<\/p>\n\n\n\n However, this is just a taste of what is to come. While other companies are still perfecting their first-generation augmented reality hardware, Nvidia is already thinking about the next generation of AR technologies.<\/p>\n\n\n\n As Augmented Reality technology becomes more sophisticated and cost-saving and business applications increase, the demand and investment in AR will increase. <\/p>\n\n\n\n It is predicted that there will be 1 billion augmented reality users by 2023. So, you have to claim your share by investing in Augmented Reality Stocks.<\/p>\n\n\n\nAre Augmented Reality Stocks in great demand?<\/strong><\/span><\/h2>\n\n\n\n
How important are Augmented Reality Applications?<\/strong><\/span><\/h2>\n\n\n\n
Top\u00a0Augmented Reality Stocks\u00a02023<\/strong><\/span><\/h2>\n\n\n\n
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#1. HiMax<\/strong><\/span><\/h3>\n\n\n\n
#2. Qualcomm (QCOM)<\/strong><\/span><\/h3>\n\n\n\n
#3. SNAP<\/strong><\/span><\/h3>\n\n\n\n
#4. Apple (AAPL)<\/strong><\/span><\/h3>\n\n\n\n
#5. Microsoft (MSFT)<\/strong><\/span><\/h3>\n\n\n\n
#6. MicroVision (MVIS)<\/strong><\/span><\/h3>\n\n\n\n
#7. Facebook (Ticker: FB)<\/strong><\/span><\/h3>\n\n\n\n
#8. Alphabet<\/strong><\/span><\/h3>\n\n\n\n
#9. Sony Corp. (SNE)<\/strong><\/span><\/h3>\n\n\n\n
#10. Vuzix (VUZI)<\/strong><\/span><\/h3>\n\n\n\n
#11. Intel Corp. (INTC)<\/strong><\/span><\/h3>\n\n\n\n
#12. Lumentum (LITE)<\/strong><\/span><\/h3>\n\n\n\n
#13. Immersion Corporation (IMMR)<\/strong><\/span><\/h3>\n\n\n\n
#14. Axon Enterprise (AAXN)<\/strong><\/span><\/h3>\n\n\n\n
#15. Nvidia (NVDA)<\/strong><\/span><\/h3>\n\n\n\n
Augmented Reality Companies<\/strong><\/span><\/h2>\n\n\n\n
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Conclusion<\/strong><\/span><\/h3>\n\n\n\n
References<\/strong><\/span><\/h3>\n\n\n\n
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Writer\u2019s Recommendations<\/strong><\/span><\/h3>\n\n\n\n
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