Spatial Computing Global Market Report 2024

Description

Spatial computing involves seamlessly integrating digital information with the physical environment in real-time, enabling users to interact with digital content immersively within their surroundings. These technologies utilize sensors, cameras, and other tools to comprehend the three-dimensional space, facilitating natural and intuitive interactions between humans and computers.

The primary components of spatial computing comprise hardware, software, and services. Hardware encompasses the physical components of spatial computing devices, including headsets, sensors, and processing units. These devices incorporate various technologies such as augmented reality, virtual reality, and mixed reality, catering to a wide range of end-users across industries including automotive, healthcare, gaming, manufacturing, retail, education, and others.

The spatial computing market research report is one of a series of new reports from The Business Research Company that provides spatial computing market statistics, including spatial computing industry global market size, regional shares, competitors with a spatial computing market share, detailed spatial computing market segments, market trends and opportunities, and any further data you may need to thrive in the spatial computing industry. This spatial computing market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The spatial computing market size has grown exponentially in recent years. It will grow from $127.51 billion in 2023 to $155.31 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth observed during the historical period can be attributed to several key sectors, including military and defense applications, the gaming and entertainment industry, academic and research institutions, as well as enterprise and industrial applications.

The spatial computing market size is expected to see exponential growth in the next few years. It will grow to $343.76 billion in 2028 at a compound annual growth rate (CAGR) of 22%. The anticipated growth in the forecast period is fueled by several factors, including the widespread adoption of 5G connectivity, increasing enterprise adoption, rising consumer demand, cross-platform integration, and regulatory developments. Key trends expected during this period encompass mainstream adoption across industries, expanded enterprise applications, innovation in healthcare, advancements in gaming and entertainment, as well as the integration of spatial computing in smart cities and IoT initiatives.

The escalating adoption of remote work practices is poised to drive the expansion of the spatial computing market in the foreseeable future. Remote work practices encompass methodologies employed by organizations to conduct work effectively outside traditional office settings, propelled by technological advancements, global connectivity, flexibility, work-life balance considerations, pandemic impacts, and employee preferences. Spatial computing has revolutionized remote work practices by offering immersive collaboration experiences, enhancing training and onboarding processes, creating virtual office environments, facilitating remote assistance, and developing specialized productivity tools. For instance, data from the Office for National Statistics revealed a notable increase in remote work adoption, with approximately 38% of employed adults reporting remote work between April 27 and May 8, 2022, and about 40% mentioning remote work at least once in the past seven days by January 25 to February 5, 2023. Hence, the surging adoption of remote work practices serves as a key driver for the spatial computing market's growth trajectory.

Leading companies in spatial computing are directing their efforts towards developing innovative technological products, such as the Apple Vision Pro, to diversify their product portfolios and expand their customer base. The Apple Vision Pro is a groundbreaking spatial computer seamlessly blending digital content with the physical world, offering users a unique experience where physical inputs such as motion gestures, eye tracking, and speech recognition interact seamlessly with digital content. Launched in June 2023 by Apple Inc., this visionary product introduces an infinite canvas for apps scaling beyond traditional display boundaries, enhancing productivity with infinite screen real estate, access to favorite apps, and new multitasking capabilities. Featuring a distinctive design, the Apple Vision Pro includes an external battery pack connected via a cable to alleviate weight and discomfort during extended use, setting it apart from other AR or VR headsets.

In April 2022, Blackrock Neurotech, a US-based biotechnology company, acquired MindX Corp to advance its mission of commercializing full-stack brain-computer interface (BCI) products. This strategic move integrates MindX's innovative software technology to deliver integrated BCI products with advanced capabilities, aimed at enhancing patient interaction with their environments and the digital world. MindX Corp specializes in developing a neuron technology framework for spatial computing applications, aligning with Blackrock Neurotech's vision of leveraging cutting-edge technologies to drive innovation and improve human-computer interactions.

Major companies operating in the spatial computing market are Apple Inc., Google plc, Samsung Corporation, Microsoft Corporation, Meta Platforms Inc., Huawei Technologies Co. Ltd., Sony Corporation., Lenovo Group Limited, Intel Corporation., Qualcomm Incorporated., NVIDIA Corporation., Vuzix Corporation, Seiko Epson Corporation., Dassault Systemes, Autodesk Inc., Snap Inc., PTC Inc., Unity Technologies, Melexis NV, Niantic Inc., RealWear Inc., Atheer Inc., OnScale Inc., Blippar Ltd., Wikitude GmbH

North America was the largest region in the spatial computing market in 2023. The regions covered in the spatial computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the spatial computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spatial computing market consists of revenues earned by entities by providing services such as 3D mapping and visualization, spatial analytics, spatial simulation and training, spatial design and prototyping, and spatial computing consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The spatial computing market also includes sales of augmented reality (AR) glasses, virtual reality (VR) headsets, spatial mapping and visualization tools, gesture and motion tracking tools, and spatial sound spatial analytics systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Component: Hardware; Software; Services
2) By Technology: Augmented Reality; Virtual Reality; Mixed Reality
3) By End User: Automotive; Healthcare; Gaming; Manufacturing; Retail; Education
Covering: Apple Inc.; Google plc; Samsung Corporation; Microsoft Corporation; Meta Platforms Inc.

Product Code: r17445

1. Executive Summary

2. Spatial Computing Market Characteristics

3. Spatial Computing Market Trends And Strategies

4. Spatial Computing Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Spatial Computing Market Size and Growth

5.1. Global Spatial Computing Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Spatial Computing Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Spatial Computing Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Spatial Computing Market Segmentation

6.1. Global Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Software
Services
6.2. Global Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Augmented Reality
Virtual Reality
Mixed Reality
6.3. Global Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Healthcare
Gaming
Manufacturing
Retail
Education
Other End Users

7. Spatial Computing Market Regional And Country Analysis

7.1. Global Spatial Computing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Spatial Computing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Spatial Computing Market

8.1. Asia-Pacific Spatial Computing Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Spatial Computing Market

9.1. China Spatial Computing Market Overview
9.2. China Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Spatial Computing Market

10.1. India Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Spatial Computing Market

11.1. Japan Spatial Computing Market Overview
11.2. Japan Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Spatial Computing Market

12.1. Australia Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Spatial Computing Market

13.1. Indonesia Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Spatial Computing Market

14.1. South Korea Spatial Computing Market Overview
14.2. South Korea Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Spatial Computing Market

15.1. Western Europe Spatial Computing Market Overview
15.2. Western Europe Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Spatial Computing Market

16.1. UK Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Spatial Computing Market

17.1. Germany Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Spatial Computing Market

18.1. France Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Spatial Computing Market

19.1. Italy Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Spatial Computing Market

20.1. Spain Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Spatial Computing Market

21.1. Eastern Europe Spatial Computing Market Overview
21.2. Eastern Europe Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Spatial Computing Market

22.1. Russia Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Spatial Computing Market

23.1. North America Spatial Computing Market Overview
23.2. North America Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Spatial Computing Market

24.1. USA Spatial Computing Market Overview
24.2. USA Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Spatial Computing Market

25.1. Canada Spatial Computing Market Overview
25.2. Canada Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Spatial Computing Market

26.1. South America Spatial Computing Market Overview
26.2. South America Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Spatial Computing Market

27.1. Brazil Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Spatial Computing Market

28.1. Middle East Spatial Computing Market Overview
28.2. Middle East Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Spatial Computing Market

29.1. Africa Spatial Computing Market Overview
29.2. Africa Spatial Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Spatial Computing Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Spatial Computing Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Spatial Computing Market Competitive Landscape And Company Profiles

30.1. Spatial Computing Market Competitive Landscape
30.2. Spatial Computing Market Company Profiles
- 30.2.1. Apple Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Google plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Samsung Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Microsoft Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Meta Platforms Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Spatial Computing Market Other Major And Innovative Companies

31.1. Huawei Technologies Co. Ltd.
31.2. Sony Corporation.
31.3. Lenovo Group Limited
31.4. Intel Corporation.
31.5. Qualcomm Incorporated.
31.6. NVIDIA Corporation.
31.7. Vuzix Corporation
31.8. Seiko Epson Corporation.
31.9. Dassault Systemes
31.10. Autodesk Inc.
31.11. Snap Inc.
31.12. PTC Inc.
31.13. Unity Technologies
31.14. Melexis NV
31.15. Niantic Inc.

32. Global Spatial Computing Market Competitive Benchmarking

33. Global Spatial Computing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Spatial Computing Market

35. Spatial Computing Market Future Outlook and Potential Analysis

35.1 Spatial Computing Market In 2028 - Countries Offering Most New Opportunities
35.2 Spatial Computing Market In 2028 - Segments Offering Most New Opportunities
35.3 Spatial Computing Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer