Spatial Computing Market Analysis and Forecast Report to 2030: AR and VR Technologies Propel Growth Across Multiple Sectors, with Market Projected to Reach $469.8 Billion by 2030

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Mar 14, 2024, 11:00 ET

DUBLIN, March 14, 2024 /PRNewswire/ -- The "Spatial Computing Market Size, Share & Trends Analysis Report By Solution (Hardware Devices, Software, Services), By Technology, By End-Use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global spatial computing market is anticipated to reach USD 469.8 billion by 2030, growing at a CAGR of around 20.4% during the forecast period. The market has witnessed exponential growth during the forecast period, primarily fueled by advancements in hardware software and increased adoption across multiple sectors.

The market is currently characterized by the coexistence of several key players, each contributing to the development and commercialization of spatial computing technologies. Augmented reality overlays digital information onto the real world, enhancing the user's perception and interaction; it has gained traction in various industries, including gaming, retail, healthcare, and real estate. The proliferation of smartphones and AR software development kits (SDKs) have democratized AR, making it accessible to a broader user base.

Mixed reality combines elements of both AR and VR, enabling users to interact with virtual objects while maintaining a connection with the real world; MR has gained prominence in industrial applications, including manufacturing, design, and maintenance, where it offers enhanced visualization, collaboration, and training capabilities. Advancements in hardware, such as more powerful processors, improved displays, and compact sensors, have enhanced user experiences and increased adoption.

Additionally, developing cloud and edge computing solutions has addressed the challenges of processing-intensive spatial computing applications, making them more accessible and affordable. Consumers and enterprises are increasingly recognizing the value of spatial computing in enhancing productivity, entertainment, and overall experiences. The demand for immersive and interactive content has propelled the market, pushing companies to develop innovative applications and solutions that meet user experiences.

The market is poised to profoundly impact various industries, transforming how they operate, communicate, and deliver services. The gaming industry has been at the forefront of leveraging VR and AR technologies to provide immersive and interactive gaming experiences; with the introduction of VR headsets and AR-enabled mobile devices, gaming has become more engaging, enabling users to interact with virtual worlds and characters. Additionally, spatial computing is used in theme parks, museums, and live events to enhance visitors' experience and create new entertainment possibilities.

The market is also reshaping the retail industry both online and offline. AR is used to create virtual try-on experiences, allowing customers to see how products look or fit before purchasing. VR enables virtual showrooms and shopping experiences, providing an immersive and interactive way to browse and purchase products. It also enhances retail analytics, allowing retailers to gather customer behavior and preferences data.

Spatial Computing Market Report Highlights

The Hardware devices solution segment accounted for a revenue share of more than 65% in 2022. The growth of the hardware segment can be attributed to the increasing demand for hardware components driven by the technological advancements in VR/AR-based gadgets
The proliferation of mixed reality technology segment accounted for a significant growth, growing at a CAGR of more than 20% over the forecast period. Mixed reality has gained prominence in industrial applications, including manufacturing, design, and maintenance, where it offers enhanced visualization, collaboration, and training capabilities
North America accounted for a significant market share, exceeding 30% in 2022, due to constant innovation and adoption in the field with many companies and startups focusing on spatial computing technologies

Key Topics Covered:

Chapter 1 Methodology And Scope

Chapter 2 Executive Summary
2.1 Spatial Computing Market Snapshot
2.2 Spatial Computing - Segment Snapshot
2.3 Spatial Computing - Competitive Landscape Snapshot

Chapter 3 Spatial Computing Market - Industry Outlook
3.1 Market Lineage Outlook
3.2 Value Chain Analysis
3.3 Market Dynamics
3.4 Industry Analysis Tools
3.5 Spatial Computing Market - Covid-19 Impact Analysis
3.6 Spatial Computing Market - Technological Trends

Augmented Reality Glasses
Virtual Reality Experiences
Mixed Reality Integration
Spatial Mapping and 3D Scanning
Natural User Interface
Edge Computing and Cloud Integration
Spatial AI and Machine Learning
5G Connectivity

Chapter 4 Spatial Computing Market: Solution Estimates & Trend Analysis
4.1 Solution Movement Analysis & Market Share, 2022 & 2030
4.2 Spatial Computing Market Estimates & Forecast, By Solution (USD Billion)
4.2.1 Hardware Devices
4.2.2 Software
4.2.3 Services

Chapter 5 Spatial Computing Market: Technology Estimates & Trend Analysis
5.1 Technology Movement Analysis & Market Share, 2022 & 2030
5.2 Spatial Computing Market Estimates & Forecast, By Technology (USD Billion)
5.2.1 Artificial Intelligence
5.2.2 Augmented Reality
5.2.3 Virtual Reality
5.2.4 Mixed Reality
5.2.5 Internet of Things
5.2.6 Digital Twins
5.2.7 Others

Chapter 6 Spatial Computing Market: End-Use Verticals Estimates & Trend Analysis
6.1 End-Use Verticals Movement Analysis & Market Share, 2022 & 2030
6.2 Spatial Computing Market Estimates & Forecast, By End-Use Verticals (USD Billion)
6.2.1 Healthcare
6.2.2 Education
6.2.3 Architecture, Engineering, And Construction
6.2.4 Aerospace And Defense
6.2.5 Automotive
6.2.6 Gaming
6.2.7 Consumer Electronics
6.2.8 Government And Public Sector
6.2.9 Information Technology
6.2.10 Energy And Utilities
6.2.11 Others

Chapter 7 Regional Estimates & Trend Analysis
7.1 Spatial Computing Market: Regional Outlook

Chapter 8 Spatial Computing Market - Competitive Landscape
8.1 Key Participants

Apple
Avegant
Blippar
Daqri
Google
HTC
Lenovo Group Limited
Magic Leap Inc.
Marxent
Microsoft Corporation
Nvidia Corporation
Oculus (Facrbook Reality Labs)
PTC
Qualcomm Technologies Inc.
Sieko Epson Corporation
Sony Group Corporation
Unity Software Inc.
Vuzix
Zappar Ltd.

8.2 Recent Developments & Impact Analysis, By Key Market Participants
8.3 Company Categorization
8.4 Participant's Overview
8.5 Financial Performance
8.6 Product Benchmarking
8.7 Company Market Share Analysis, 2022
8.8 Company Heat Map Analysis
8.9 Strategy Mapping

For more information about this report visit https://www.researchandmarkets.com/r/mf3jur

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