From Yahoo Finance: 2025-05-01 05:34:00

The global AR market is expected to grow at a CAGR of 42.36% between 2024 and 2029, reaching $248.38 billion by 2029. North America leads the market, but the Asia Pacific region is anticipated to be the fastest-growing segment due to mobile AR leveraging smartphones globally.

The Immersive Entertainment market was valued at $133.6 billion in 2024, set to reach $473.9 billion by 2030 with a CAGR of 23.5%. The AR industry is expected to benefit from this growth. The AR market is projected to reach its peak potential in about a decade.

AR is widely used in healthcare, aerospace, defense, and automotive industries. The integration of AR in autonomous vehicles enhances driver and system understanding. In healthcare, AR reduces errors and unsafe surgeries. Experts predict the AR market will continue to expand with increasing technological advancements.

Alphabet Inc. (NASDAQ: GOOG) ranks fourth in the best augmented reality stocks to buy list. Google utilizes AR in Google Maps’ Live View feature and Google Lens for visual search capabilities. BMO Capital analyst Brian Pitz reiterated a Buy rating for GOOG due to its strong growth in search and cloud platforms.

GOOG’s Search segment has seen significant growth, with AI-driven searches on the rise. Google Cloud Platform and YouTube Shorts are also experiencing robust growth. While GOOG shows promise as an investment, other AI stocks may offer greater potential returns within a shorter timeframe.

Read more: Why Alphabet Inc. (GOOG) is Among the Best Augmented Reality Stocks to Buy According to Hedge Funds