Global Spatial Computing Market

Report Code: IFT300A

Publish Date: Jan 2024

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

This report provides an overview of the global spatial computing market size analysis and a detailed analysis of the market player’s products and strategies. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on component, technology, industry, and geography.

Report Includes

  • An overview and in-depth analysis of the global spatial computing market
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and projections of compound annual growth rates (CAGRs) through 2028
  • Estimates of the actual market size and revenue forecast for the global spatial computing market, and corresponding market share analysis based on offering, technology, industry, and region
  • Overview of the market drivers and challenges
  • Discussion of sustainability trends and factors in the market for spatial computing, including consumer attitudes, ESG scores of companies, a case study, and the ESG practices followed by leading companies
  • Analysis of the vendor landscape based on recent developments, key financials and segmental revenues, and product offerings of leading companies
  • Profiles of the leading market players

Report Scope

The current report offers a detailed picture of the global spatial computing market. This report highlights the current and future market potential for spatial computing and provides a detailed analysis of the competitive environment, process, relationship of metaverse to spatial computing, drivers, restraints, opportunities, and trends in the market, emerging technologies, and regulatory framework. The report also covers market projections through 2028 and key market players. This report discusses spatial computing and its various resources. It covers the overall spatial computing market, including offering, technology, and industry. Furthermore, a complete regional analysis of the market is also presented in the report. Based on offering the market has been categorized into hardware, software, and services. Based on technology, the spatial computing market has been segmented into AR, VR, MR, Internet of Things (IoT), Artificial Intelligence, and others.

The market has been segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World (including Latin America, the Middle East, and Africa). Detailed analyses of major countries (the U.S., Canada, Germany, the UK, France, Italy, Japan, China, and India) are covered in regional segments. For market estimates, data has been provided for 2022 as the base year, with forecasts for 2023 through 2028. Estimated values are based on revenue from spatial computing companies as total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $57.2 billion
Market size forecast $150.5 billion
Growth rate CAGR of 17.9% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Offering, Technology, Industry, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries covered U.S., Mexico, Canada, France, Germany, U.K., Italy, China, India, Japan, Middle East, Africa, and South America
Key Market Drivers
  • Increasing Aadoption of AR and VR technologies.
  • Enhanced user experiences and immersive interactions.
  • More availability of wearable devices and tracking technologies.
Companies studied
APPLE INC.EPIC GAMES INC.
GOOGLE INC. (ALPHABET INC.)HTC CORP.
INTEL CORP.MAGIC LEAP INC.
METAMICROSOFT CORP.
NVIDIA CORP.QUALCOMM TECHNOLOGIES INC.
SONY CORP.UNITY SOFTWARE INC.
VARJO TECHNOLOGIES OYVUZIX CORP.
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Frequently Asked Questions (FAQs)

Global market for Spatial Computing was valued at $57.2 billion in 2022 and is expected to reach $150.5 billion by 2028, growing at a CAGR of 17.9% from 2023 to 2028.
The key factors driving the growth of the global spatial computing market include increasing adoption of AR and VR technologies across industries, enhanced user experiences and immersive interactions, and availability advancements in wearable devices and tracking technologies.
By the end of 2028, the Augmented Reality (AR) segment will continue to dominate the global Spatial computing market. AR overlays digital information on real world views, which is achievable using smartphones and optical headsets. This enables the adoption of augmented reality in additional industries and use cases, such as training, designing models, gaming, navigation, and marketing. As the market grows, VR and mixed reality technologies will advance. But augmented reality's head start, and accessibility make it the primary growth driver of the spatial computing market based on current technological capabilities.
North America holds the highest market share in the global spatial computing market. North America, especially the United States, is home to many of the major technology companies investing heavily in spatial computing like Microsoft, Meta, Apple, Google, etc. The high disposable incomes and tech-savvy population in North America have driven rapid consumer adoption of new technologies like AR/VR. Moreover, substantial investments by the US defense sector in spatial computing for training and simulation have contributed to the large market share.
The key companies/players in the global Internet of Behavior market include Apple Inc., Epic Games Inc., Google LLC, HTC Corporation, Intel Corporation, Magic Leap, Inc., Meta Platforms, Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., Sony Corporation, Unity Software Inc., Varjo Technologies OY, Vuzix Corporation, and others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Global Spatial Computing Market57Free

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Global Spatial Computing Market
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