These 2 Chipmakers Could Get an Augmented Reality Boost

These 2 Chipmakers Could Get an Augmented Reality Boost

Augmented reality (AR) is going to be big business thanks to its growing adoption in the retail and manufacturing industries. Digi-Capital estimates that increasing AR adoption on mobile platforms could push the industry's revenue to as much as $83 billion by 2021, driven by an increase in sales of related hardware, software, and services.

One way to tap this huge opportunity is through chipmakers such as Himax Technologies (NASDAQ: HIMX) and Finisar (NASDAQ: FNSR), which are already developing the hardware to enable AR experiences on smartphones and other platforms. Augmented reality overlays digital information on a user's real-life environment. Let's take a look at how these two companies are approaching the AR opportunity.

Image source: Getty Images.

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Source: Fool.com