(Investors.com) Tomorrow information could be right at our eyeballs. That’s the promise of augmented reality. Instead of looking back and forth at your smartphone screen for navigation and other situational data, the information would be displayed in your field of vision using AR glasses.
Tech companies big and small are racing to take the lead in this new market, which is poised to be the next generation of mobile computing. Apple (AAPL), Microsoft (MSFT) and Google parent Alphabet (GOOGL) are among the tech heavyweights developing products for this new computing paradigm. The market for augmented reality glasses currently is focused on niche industrial and enterprise applications. Those applications usually have a compelling return on investment, making the purchase of headsets that cost a few thousand dollars each worthwhile.