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Global Spatial Computing Market by Technology Type (AR Technology, VR Technology, MR Technology), Component (Hardware, Software, Services), Vertical (Media & Entertainment, Manufacturing, Retail & eCommerce) and Region - Forecast to 2028

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    Report

  • 287 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 5899847
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Emergence of Advanced Technologies and Digital Initiatives to Drive Adoption of Spatial Computing

The global spatial computing market is expected to grow from USD 97.9 billion in 2023 to USD 280.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period. The increase in government initiatives, continuous development in 5G technology, and incorporation of spatial computing and adjacent technologies in the aerospace & defense sector offer opportunities to grow the spatial computing market. Strict maintenance and preservation of consumer privacy pose a significant challenge to the growth of the Spatial computing market.

By component, the software segment to have the highest market share during the forecast period

Spatial computing software, encompassing augmented reality (AR), virtual reality (VR), and mixed reality (MR), is being increasingly implemented across a broad spectrum of industries. These software solutions are designed to merge the digital and physical worlds, enhancing the way we interact with our surroundings. In the market, spatial computing software is used for applications ranging from immersive gaming and virtual tourism experiences to revolutionizing industries like healthcare, education, manufacturing, and architecture. In healthcare, for example, surgeons use AR-based software for more precise procedures, while in education, students can engage in interactive and immersive learning experiences. Manufacturing industries are adopting these solutions for product design and quality control, and architects use them for 3D building visualization.

By hardware, the MR devices segment is expected to grow at the highest CAGR during the forecast period

Mixed Reality (MR) devices represent a hybrid approach that blends elements of both Augmented Reality (AR) and Virtual Reality (VR). These devices, such as HoloLens by Microsoft, enable users to simultaneously interact with digital and physical environments. MR devices use spatial mapping, depth-sensing cameras, and a combination of real and virtual content to blend the physical world with virtual objects or holograms seamlessly. MR is implemented in spatial computing by allowing users to place, manipulate, and interact with virtual content in their real-world surroundings. This technology is applied in various professional settings, such as design, engineering, and medical training, where users can visualize and manipulate 3D models in real-time, enhancing spatial understanding and problem-solving.

By vertical, the media & entertainment segment is projected to record the highest market share during the forecast period

The consumer segment consists of gaming & sports and entertainment applications. The entertainment applications include museums (archeology), theme parks, art galleries, and exhibitions. Spatial computing technology offers remarkable results in terms of visual effects when used in gaming and sports broadcasts. The gaming sector has been an early adopter of new 3D and extended reality technologies. These technologies can be used to enhance the gaming experience of players by creating virtual objects and characters that are linked to defined locations in the real world. Players can easily interact with digital objects in the real world.

The breakup of the profiles of the primary participants is below:

  • By Company Type: Tier I: 29%, Tier II: 45%, and Tier III: 26%
  • By Designation: C-Level Executives: 30%, Director Level: 25%, and *Others: 45%
  • By Region: North America: 40%, Europe: 30%, Asia-Pacific: 25%, and **RoW: 5%

*Others include sales managers, marketing managers, and product managers

**RoW include Middle East & Africa and Latin America Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million Source: Secondary Literature, Expert Interviews, and Analysis

Some of the key players operating in the Spatial computing market are - IBM (US), SAP (Germany), Google (US), Microsoft (US), Salesforce (US), AWS (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), and Workday (US).

Research Coverage

The market study covers the Spatial computing market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as component, technology type, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to Buy this Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Spatial computing market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers, restraints, opportunities, and challenges influencing the growth of the Spatial computing market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Spatial computing market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Spatial computing market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Spatial computing market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Meta, Microsoft, Apple, Sony, and Qualcomm in the spatial computing market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency
Table 1 USD Exchange Rates, 2018-2022
1.5 Stakeholders
1.6 Recession Impact
2 Research Methodology
2.1 Research Approach
Figure 1 Spatial Computing Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
Figure 2 Breakup of Primary Interviews, by Company Type, Designation, and Region
2.1.2.2 Key Industry Insights
2.2 Market Forecast
Table 2 Factor Analysis
2.3 Market Size Estimation
Figure 3 Spatial Computing Market: Top-Down and Bottom-Up Approaches
Figure 4 Market Size Estimation Methodology: Supply-Side Analysis
Figure 5 Bottom-Up Approach (Supply Side): Collective Revenue of Spatial Computing Vendors
Figure 6 Supply-Side Analysis: Illustration of Vendor Revenue Estimation
Figure 7 Demand-Side Analysis: Revenue Generated from Spatial Computing Products and Services
Figure 8 Approach 2 (Demand Side): Spatial Computing Market
2.4 Data Triangulation
2.5 Research Assumptions
2.6 Study Limitations
2.7 Impact of Recession on Global Spatial Computing Market
Table 3 Recession Impact
3 Executive Summary
3.1 Recession Impact
Figure 9 Top-Growing Segments in Spatial Computing Market
Figure 10 Spatial Computing Market, by Region, 2023 vs. 2028 (USD Million)
4 Premium Insights
4.1 Attractive Growth Opportunities for Spatial Computing Market Players
Figure 11 Emergence of Advanced Technologies and Digital Initiatives to Drive Adoption of Spatial Computing
4.2 Spatial Computing Market, by Hardware
Figure 12 VR Devices to be Largest Spatial Computing Technology During Forecast Period
4.3 Spatial Computing Market, by Component
Figure 13 Spatial Computing Software to Account for Largest Market Share in 2023 and 2028
4.4 Spatial Computing Market, by Vertical
Figure 14 Media & Entertainment Vertical to be Largest in 2023 and 2028
4.5 Spatial Computing Market: Regional Scenario
Figure 15 Asia-Pacific to Emerge as Best Market for Investments in Next Five Years
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Spatial Computing Market
5.2.1 Drivers
5.2.1.1 Virtualization in Fashion, Art, and Retail Industries
5.2.1.2 Increase in Adoption of Extended Reality in Healthcare Sector
5.2.1.3 Availability of Affordable Hardware
5.2.1.4 Advancements in Real-Time Rendering Engines
5.2.1.5 Replacement Technology to Reduce ‘Virtual Meeting Fatigue’
5.2.2 Restraints
5.2.2.1 Rise in Health Concerns Associated with Excessive Usage of VR/XR Devices
5.2.2.2 Diversity of AR/VR Platforms and Complex Development Landscape
5.2.2.3 Lack of Technical Knowledge and Expertise
5.2.3 Opportunities
5.2.3.1 Increase in Government Initiatives Toward Cloud Computing
5.2.3.2 Continuous Development in 5G Technology
5.2.3.3 Incorporation of Spatial Computing and Adjacent Technologies in Aerospace & Defense Sector
5.2.4 Challenges
5.2.4.1 Low-Latency Imaging Displays
5.2.4.2 Local Government Restrictions Coupled with Environmental Impact
5.2.4.3 Strict Maintenance and Preservation of Consumer Privacy
5.3 Case Study Analysis
5.3.1 Microsoft Revolutionized Chemical Recycling Industry with Encina
5.3.2 PTC Implemented Robust PLM System to Bridge Development Gaps and Provide Better Support to Congatec
5.3.3 Magic Leap Aimed to Ace Spatial Computing Techniques Using Jabil's Advanced Technologies and Tools
5.3.4 Altoura Enabled Qantas Offer Pilots Visual Training
5.3.5 Ansys Helped Bosch Reduce Time-To-Market
5.4 Ecosystem Mapping
Figure 17 Spatial Computing Market: Ecosystem
5.5 Supply Chain Analysis
Figure 18 Spatial Computing Market: Supply Chain
5.6 Technology Analysis
5.6.1 Artificial Intelligence
5.6.2 Big Data
5.6.3 Internet of Things
5.6.4 Data Analytics
5.6.5 Machine Learning
5.6.6 5G Technology
5.6.7 Depth Sensing Cameras
5.6.8 LiDAR Sensors
5.6.9 SLAM
5.6.10 3D Modeling and Visualization
5.6.11 Gestural and Voice Interfaces
5.6.12 Human-Computer Interaction
5.6.13 3D Printing
5.7 Pricing Analysis
5.7.1 Average Selling Price Trend of Key Players, by Hardware
Table 4 Average Selling Price of Spatial Computing Headsets Offered by Key Players
Figure 19 Average Selling Price of MR Headsets Offered by Key Players, 2023 (USD)
5.7.2 Average Selling Price Trend of Key Players, by Software
Table 5 Average Selling Price Trend of SDKs Offered by Key Players
Table 6 Average Selling Price Trend of Spatial Computing Software Offered by Key Players
5.7.3 Average Selling Price Trend of Hardware, by Region
Figure 20 Average Selling Price Trend of MR Devices, by Region, 2023 (USD)
5.8 Trade Analysis
5.8.1 Import Scenario
Table 7 Import Data, by Country, 2017-2021 (USD Million)
5.8.2 Export Scenario
Table 8 Export Data, by Country, 2017-2021 (USD Million)
5.9 Business Model Analysis
Figure 21 Spatial Computing Market: Business Models
5.9.1 Business Model for Hardware Vendors
5.9.2 Business Model for Software Vendors
5.9.3 Business Model for Service Vendors
5.9.4 Revenue Generation Models
5.9.5 Partnerships & Ecosystem
5.10 Patent Analysis
Figure 22 Number of Patents Published, 2012-2023
Figure 23 Top Five Global Patent Owners
Table 9 Top Ten Patent Owners
Table 10 Patents Granted to Vendors in Spatial Computing Market
5.11 Porter's Five Forces Analysis
Figure 24 Porter's Five Forces Analysis
Table 11 Impact of Porter's Five Forces
5.11.1 Threat of New Entrants
5.11.2 Threat of Substitutes
5.11.3 Bargaining Power of Suppliers
5.11.4 Bargaining Power of Buyers
5.11.5 Intensity of Competitive Rivalry
5.12 Tariff & Regulatory Landscape
5.12.1 Tariff Analysis
Table 12 US: MFN Tariffs for HS Code: 9004 Exported
Table 13 US: MFN Tariffs for HS Code: 9004 Imported
5.12.2 Regulations, by Region
5.12.2.1 North America
Table 14 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2.2 Europe
Table 15 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2.3 Asia-Pacific
Table 16 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2.4 Rest of the World
Table 17 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.13 Key Conferences and Events
Table 18 Spatial Computing Market: Detailed List of Conferences and Events, 2023-2024
5.14 Trends/Disruptions Impacting Buyers
Figure 25 Major YCC Trends to Drive Future Revenue Prospects in Spatial Computing Market
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
Figure 26 Influence of Stakeholders on Buying Process for Top End-users
Table 19 Influence of Stakeholders on Buying Process for Top End-user Verticals
5.15.2 Buying Criteria
Figure 27 Key Buying Criteria for Top End-user Verticals
Table 20 Key Buying Criteria for Top End-users
6 Spatial Computing Market, by Technology Type
6.1 Introduction
6.1.1 Technology Type: Spatial Computing Market Drivers
Figure 28 MR Technology to Grow at Higher CAGR During Forecast Period
Table 21 Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 22 Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
6.2 AR Technology
6.2.1 Increase in Adoption of AR in Entertainment, Retail, and Gaming
Table 23 AR Technology in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 24 AR Technology in Spatial Computing Market, by Region, 2023-2028 (USD Million)
6.2.2 Marker-based AR
6.2.3 Markerless AR
6.3 VR Technology
6.3.1 High Traction in Gaming with Expansion to Diverse Applications
Table 25 VR Technology in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 26 VR Technology in Spatial Computing Market, by Region, 2023-2028 (USD Million)
6.3.2 Semi-Immersive VR
6.3.3 Fully Immersive VR
6.4 MR Technology
6.4.1 Combining Physical and Digital Elements to Augment Healthcare Procedures with Medical Visualization
Table 27 MR Technology in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 28 MR Technology in Spatial Computing Market, by Region, 2023-2028 (USD Million)
6.4.2 Object Interaction MR
6.4.3 Digital Overlay MR
7 Spatial Computing Market, by Component
7.1 Introduction
7.1.1 Component: Spatial Computing Market Drivers
Figure 29 Hardware Segment to Grow at Higher CAGR During Forecast Period
Table 29 Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 30 Spatial Computing Market, by Component, 2023-2028 (USD Million)
7.2 Hardware
Figure 30 MR Devices Segment to Grow at Highest CAGR During Forecast Period
Table 31 Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 32 Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 33 Spatial Computing Hardware Market, by Region, 2019-2022 (USD Million)
Table 34 Spatial Computing Hardware Market, by Region, 2023-2028 (USD Million)
7.2.1 AR Devices
7.2.1.1 Growth in Use of Mobile Phones for 3D Navigation with Real-Time Overlay
7.2.1.2 Smartphone-based AR
7.2.1.3 AR Glasses
7.2.1.4 AR Headsets
7.2.1.5 Other AR Devices
Table 35 AR Devices in Spatial Computing Hardware Market, by Region, 2019-2022 (USD Million)
Table 36 AR Devices in Spatial Computing Hardware Market, by Region, 2023-2028 (USD Million)
7.2.2 VR Devices
7.2.2.1 Increased Demand for VR HMDs Across Verticals for Different Applications
7.2.2.2 Tethered VR Headsets
7.2.2.3 Standalone VR Headsets
7.2.2.4 Smartphone-based VR Headsets
7.2.2.5 Other VR Devices
Table 37 VR Devices in Spatial Computing Hardware Market, by Region, 2019-2022 (USD Million)
Table 38 VR Devices in Spatial Computing Hardware Market, by Region, 2023-2028 (USD Million)
7.2.3 MR Devices
7.2.3.1 Ability to Visualize and Manipulate 3D Models in Real-Time, Enhancing Spatial Understanding
7.2.3.2 Smartphone-based MR
7.2.3.3 MR Glasses
7.2.3.4 MR Headsets
7.2.3.5 Other MR Devices
Table 39 MR Devices in Spatial Computing Hardware Market, by Region, 2019-2022 (USD Million)
Table 40 MR Devices in Spatial Computing Hardware Market, by Region, 2023-2028 (USD Million)
7.3 Software
Figure 31 Training Simulation Software to Grow at Highest CAGR During Forecast Period
Table 41 Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 42 Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 43 Spatial Computing Software Market, by Region, 2019-2022 (USD Million)
Table 44 Spatial Computing Software Market, by Region, 2023-2028 (USD Million)
7.3.1 Software Development Kit (SDK)
7.3.1.1 Tools and Kits to Engineer More AR/VR Experiences and Applications
Table 45 Software Development Kit in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 46 Software Development Kit in Spatial Computing Market, by Region, 2023-2028 (USD Million)
7.3.2 Game Engine
7.3.2.1 Frameworks to Build Virtual Worlds and Immersive Gaming Adventures
Table 47 Game Engine in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 48 Game Engine in Spatial Computing Market, by Region, 2023-2028 (USD Million)
7.3.3 Modeling & Visualization Software
7.3.3.1 Designing Interactive Visual Experiences with Extreme Precision and Detail
Table 49 Modeling & Visualization Software in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 50 Modeling & Visualization Software in Spatial Computing Market, by Region, 2023-2028 (USD Million)
7.3.4 Content Management System (CMS)
7.3.4.1 Management of VR and AR Multimedia Content Across Multiple Platforms
Table 51 Content Management System in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 52 Content Management System in Spatial Computing Market, by Region, 2023-2028 (USD Million)
7.3.5 Training Simulation Software
7.3.5.1 Simulating Realistic Training Modules to Save Time and Cost
Table 53 Training Simulation Software in Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 54 Training Simulation Software in Spatial Computing Market, by Region, 2023-2028 (USD Million)
7.3.6 Other Software
Table 55 Other Spatial Computing Software Market, by Region, 2019-2022 (USD Million)
Table 56 Other Spatial Computing Software Market, by Region, 2023-2028 (USD Million)
7.4 Services
Figure 32 Managed Services Segment to Grow at Higher CAGR During Forecast Period
Table 57 Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 58 Spatial Computing Services Market, by Type, 2023-2028 (USD Million)
Table 59 Spatial Computing Services Market, by Region, 2019-2022 (USD Million)
Table 60 Spatial Computing Services Market, by Region, 2023-2028 (USD Million)
7.4.1 Professional Services
7.4.1.1 Lack of In-House Expertise and Increase in Complexity of Solutions
Table 61 Spatial Computing Professional Services Market, by Region, 2019-2022 (USD Million)
Table 62 Spatial Computing Professional Services Market, by Region, 2023-2028 (USD Million)
7.4.1.2 Consulting
7.4.1.3 System Integration & Implementation
7.4.1.4 Support & Maintenance
7.4.2 Managed Services
7.4.2.1 Enabling Organizations to Focus on Core Competencies
Table 63 Spatial Computing Managed Services Market, by Region, 2019-2022 (USD Million)
Table 64 Spatial Computing Managed Services Market, by Region, 2023-2028 (USD Million)
7.4.2.2 Security
7.4.2.3 Content Management
7.4.2.4 Performance Monitoring
8 Spatial Computing Market, by Vertical
8.1 Introduction
8.1.1 Vertical: Spatial Computing Market Drivers
Figure 33 Travel & Hospitality to Grow at the Highest CAGR During Forecast Period
Table 65 Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 66 Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
8.2 Media & Entertainment
8.2.1 Increase in Popularity of Immersive Gaming
Table 67 Spatial Computing Market in Media & Entertainment, by Region, 2019-2022 (USD Million)
Table 68 Spatial Computing Market in Media & Entertainment, by Region, 2023-2028 (USD Million)
8.2.2 Media & Entertainment: Applications of Spatial Computing
8.2.2.1 Gaming
8.2.2.2 Sports
8.2.2.3 Social Media
8.2.2.4 Other Media & Entertainment Applications
8.3 Retail & e-Commerce
8.3.1 Restructuring Virtual Shopping Experiences
Table 69 Spatial Computing Market in Retail & e-Commerce, by Region, 2019-2022 (USD Million)
Table 70 Spatial Computing Market in Retail & e-Commerce, by Region, 2023-2028 (USD Million)
8.3.2 Retail & e-Commerce: Applications of Spatial Computing
8.3.2.1 Jewelry
8.3.2.2 Beauty & Cosmetics
8.3.2.3 Apparel Fitting
8.3.2.4 Other Retail & e-Commerce Applications
8.4 Manufacturing
8.4.1 Improved Training for Workforce by Visualizing Content
Table 71 Spatial Computing Market in Manufacturing, by Region, 2019-2022 (USD Million)
Table 72 Spatial Computing Market in Manufacturing, by Region, 2023-2028 (USD Million)
8.4.2 Manufacturing: Applications of Spatial Computing
8.4.2.1 Digital Factory
8.4.2.2 Digital Twin
8.4.2.3 Industrial Training
8.4.2.4 Other Manufacturing Applications
8.5 Education & Training
8.5.1 AR/VR Laboratories and Museums to Offer Immersive Learning Experiences
Table 73 Spatial Computing Market in Education & Training, by Region, 2019-2022 (USD Million)
Table 74 Spatial Computing Market in Education & Training, by Region, 2023-2028 (USD Million)
8.5.2 Education & Training: Applications of Spatial Computing
8.5.2.1 Immersive Learning
8.5.2.2 Training Simulations
8.5.2.3 Virtual Field Trips
8.5.2.4 Other Education & Training Applications
8.6 Real Estate
8.6.1 AR-based Insights and Property Tours
Table 75 Spatial Computing Market in Real Estate, by Region, 2019-2022 (USD Million)
Table 76 Spatial Computing Market in Real Estate, by Region, 2023-2028 (USD Million)
8.6.2 Real Estate: Applications of Spatial Computing
8.6.2.1 Virtual Property Tours
8.6.2.2 Remote Property Viewing
8.6.2.3 Design Visualization & Customization
8.6.2.4 Other Applications
8.7 Healthcare
8.7.1 Saving Lives, Time, and Costs with Spatial Computing Technologies
Table 77 Spatial Computing Market in Healthcare, by Region, 2019-2022 (USD Million)
Table 78 Spatial Computing Market in Healthcare, by Region, 2023-2028 (USD Million)
8.7.2 Healthcare: Applications of Spatial Computing
8.7.2.1 Surgery
8.7.2.2 Patient Management
8.7.2.3 Medical Training
8.7.2.4 Other Healthcare Applications
8.8 Aerospace & Defense
8.8.1 Improving Situational Awareness and Planning Effective Response with Immersive Simulations
Table 79 Spatial Computing Market in Aerospace & Defense, by Region, 2019-2022 (USD Million)
Table 80 Spatial Computing Market in Aerospace & Defense, by Region, 2023-2028 (USD Million)
8.8.2 Aerospace & Defense: Applications of Spatial Computing
8.8.2.1 Flight Simulations
8.8.2.2 Design & Prototyping
8.8.2.3 Remote Assistance & Maintenance
8.8.2.4 Other Aerospace & Defense Applications
8.9 Travel & Hospitality
8.9.1 Ushering in Era of Virtual Tourism and Beforehand Travel Experiences
Table 81 Spatial Computing Market in Travel & Hospitality, by Region, 2019-2022 (USD Million)
Table 82 Spatial Computing Market in Travel & Hospitality, by Region, 2023-2028 (USD Million)
8.9.2 Travel & Hospitality: Applications of Spatial Computing
8.9.2.1 Virtual Hotel Tours
8.9.2.2 Virtual Theme Parks
8.9.2.3 Museums, Zoos, and Other Cultural Institutions
8.9.2.4 Other Travel & Hospitality Applications
8.10 Other Verticals
Table 83 Spatial Computing Market in Other Verticals, by Region, 2019-2022 (USD Million)
Table 84 Spatial Computing Market in Other Verticals, by Region, 2023-2028 (USD Million)
9 Spatial Computing Market, by Region
9.1 Introduction
Figure 34 Asia-Pacific to Grow at Highest CAGR During Forecast Period
Table 85 Spatial Computing Market, by Region, 2019-2022 (USD Million)
Table 86 Spatial Computing Market, by Region, 2023-2028 (USD Million)
9.2 North America
9.2.1 North America: Spatial Computing Market Drivers
9.2.2 North America: Recession Impact
Figure 35 North America: Market Snapshot
Table 87 North America: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 88 North America: Spatial Computing Market, by Component, 2023-2028 (USD Million)
Table 89 North America: Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 90 North America: Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 91 North America: Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 92 North America: Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 93 North America: Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 94 North America: Spatial Computing Services Market, by Type, 2023-2028 (USD Million)
Table 95 North America: Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 96 North America: Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
Table 97 North America: Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 98 North America: Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
Table 99 North America: Spatial Computing Market, by Country, 2019-2022 (USD Million)
Table 100 North America: Spatial Computing Market, by Country, 2023-2028 (USD Million)
9.2.3 US
9.2.3.1 Convergence of Spatial Computing with MR, XR to Encourage US Service Providers to Scale
Table 101 US: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 102 US: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.2.4 Canada
9.2.4.1 Emerging Startups to Provide Innovative Platforms and Solutions
Table 103 Canada: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 104 Canada: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Spatial Computing Market Drivers
9.3.2 Europe: Recession Impact
Table 105 Europe: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 106 Europe: Spatial Computing Market, by Component, 2023-2028 (USD Million)
Table 107 Europe: Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 108 Europe: Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 109 Europe: Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 110 Europe: Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 111 Europe: Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 112 Europe: Spatial Computing Market, by Type, 2023-2028 (USD Million)
Table 113 Europe: Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 114 Europe: Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
Table 115 Europe: Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 116 Europe: Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
Table 117 Europe: Spatial Computing Market, by Country, 2019-2022 (USD Million)
Table 118 Europe: Spatial Computing Market, by Country, 2023-2028 (USD Million)
9.3.3 UK
9.3.3.1 Companies to Adopt Spatial Computing Solutions to Enhance Operational Efficiency
Table 119 UK: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 120 UK: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.3.4 Germany
9.3.4.1 German Spatial Computing and Telecom Companies to Witness Increased Collaborations to Build Robust Solutions
Table 121 Germany: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 122 Germany: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.3.5 France
9.3.5.1 Huge Investments by Global Spatial Computing Providers Because of Changing Customer Behavior
Table 123 France: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 124 France: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.3.6 Italy
9.3.6.1 Higher Demand for AR/VR-based Tourism
Table 125 France: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 126 France: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.3.7 Rest of Europe
Table 127 Rest of Europe: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 128 Rest of Europe: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Spatial Computing Market Drivers
9.4.2 Asia-Pacific: Recession Impact
Figure 36 Asia-Pacific: Market Snapshot
Table 129 Asia-Pacific: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 130 Asia-Pacific: Spatial Computing Market, by Component, 2023-2028 (USD Million)
Table 131 Asia-Pacific: Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 132 Asia-Pacific: Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 133 Asia-Pacific: Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 134 Asia-Pacific: Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 135 Asia-Pacific: Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 136 Asia-Pacific: Spatial Computing Market, by Type, 2023-2028 (USD Million)
Table 137 Asia-Pacific: Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 138 Asia-Pacific: Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
Table 139 Asia-Pacific: Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 140 Asia-Pacific: Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
Table 141 Asia-Pacific: Spatial Computing Market, by Country, 2019-2022 (USD Million)
Table 142 Asia-Pacific: Spatial Computing Market, by Country, 2023-2028 (USD Million)
9.4.3 China
9.4.3.1 Adoption of Spatial Computing in China to Help Achieve Resiliency and Scalability
Table 143 China: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 144 China: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.4.4 Japan
9.4.4.1 Focus on Cloud Systems, IoT, and Spatial Computing with Growing Competitiveness in Automotive and Industrial Robots Industries
Table 145 Japan: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 146 Japan: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.4.5 Australia & New Zealand
9.4.5.1 Initiatives by Governments and Startups Toward Technology Adoption
Table 147 Australia & New Zealand: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 148 Australia & New Zealand: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.4.6 South Korea
9.4.6.1 Immense Investments Across Verticals, Especially Gaming, Healthcare, and Military
Table 149 South Korea: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 150 South Korea: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.4.7 Rest of Asia-Pacific
Table 151 Rest of Asia-Pacific: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 152 Rest of Asia-Pacific: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Spatial Computing Market Drivers
9.5.2 Middle East & Africa: Recession Impact
Table 153 Middle East & Africa: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 154 Middle East & Africa: Spatial Computing Market, by Component, 2023-2028 (USD Million)
Table 155 Middle East & Africa: Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 156 Middle East & Africa: Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 157 Middle East & Africa: Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 158 Middle East & Africa: Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 159 Middle East & Africa: Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 160 Middle East & Africa: Spatial Computing Market, by Type, 2023-2028 (USD Million)
Table 161 Middle East & Africa: Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 162 Middle East & Africa: Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
Table 163 Middle East & Africa: Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 164 Middle East & Africa: Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
Table 165 Middle East & Africa: Spatial Computing Market, by Country, 2019-2022 (USD Million)
Table 166 Middle East & Africa: Spatial Computing Market, by Country, 2023-2028 (USD Million)
9.5.3 Saudi Arabia
9.5.3.1 Increase in Purchasing Power and Inclination Toward Advanced Technologies
Table 167 Saudi Arabia: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 168 Saudi Arabia: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.5.4 UAE
9.5.4.1 IT Resource Deployment, Intelligent Storage Services, and Remote Monitoring Capabilities
Table 169 UAE: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 170 UAE: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.5.5 Rest of Middle East & Africa
Table 171 Rest of Middle East & Africa: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 172 Rest of Middle East & Africa: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.6 Latin America
9.6.1 Latin America: Spatial Computing Market Drivers
9.6.2 Latin America: Recession Impact
Table 173 Latin America: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 174 Latin America: Spatial Computing Market, by Component, 2023-2028 (USD Million)
Table 175 Latin America: Spatial Computing Hardware Market, by Type, 2019-2022 (USD Million)
Table 176 Latin America: Spatial Computing Hardware Market, by Type, 2023-2028 (USD Million)
Table 177 Latin America: Spatial Computing Software Market, by Type, 2019-2022 (USD Million)
Table 178 Latin America: Spatial Computing Software Market, by Type, 2023-2028 (USD Million)
Table 179 Latin America: Spatial Computing Services Market, by Type, 2019-2022 (USD Million)
Table 180 Latin America: Spatial Computing Services Market, by Type, 2023-2028 (USD Million)
Table 181 Latin America: Spatial Computing Market, by Technology Type, 2019-2022 (USD Million)
Table 182 Latin America: Spatial Computing Market, by Technology Type, 2023-2028 (USD Million)
Table 183 Latin America: Spatial Computing Market, by Vertical, 2019-2022 (USD Million)
Table 184 Latin America: Spatial Computing Market, by Vertical, 2023-2028 (USD Million)
Table 185 Latin America: Spatial Computing Market, by Country, 2019-2022 (USD Million)
Table 186 Latin America: Spatial Computing Market, by Country, 2023-2028 (USD Million)
9.6.3 Brazil
9.6.3.1 Rise in Technology Assimilation Among Enterprises and Consumers
Table 187 Brazil: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 188 Brazil: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.6.4 Mexico
9.6.4.1 Emerging 3D Integrated Industries, AR, VR, and Advanced Technologies Embedded Industries
Table 189 Mexico: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 190 Mexico: Spatial Computing Market, by Component, 2023-2028 (USD Million)
9.6.5 Rest of Latin America
Table 191 Rest of Latin America: Spatial Computing Market, by Component, 2019-2022 (USD Million)
Table 192 Rest of Latin America: Spatial Computing Market, by Component, 2023-2028 (USD Million)
10 Competitive Landscape
10.1 Overview
10.2 Strategies Adopted by Key Players/Right to Win
Table 193 Overview of Strategies Adopted by Key Spatial Computing Vendors
10.3 Revenue Analysis
Figure 37 Historical Five-Year Revenue Analysis of Leading Players, 2018-2022 (USD Billion)
10.4 Company Financial Metrics
Figure 38 Trading Comparables, 2023 (EV/EBITDA)
10.5 Global Snapshot of Key Market Participants
Figure 39 Spatial Computing Market: Global Snapshot of Key Market Participants, 2022
10.6 Market Share Analysis
Figure 40 Spatial Computing Market Share Analysis, 2022
Table 194 Spatial Computing Market: Degree of Competition
10.7 Comparison of Vendor Products/Brands
Table 195 Vendor Product/Brand Comparison
10.8 Company Evaluation Matrix
Figure 41 Company Evaluation Matrix for Key Players: Criteria Weightage
10.8.1 Stars
10.8.2 Emerging Leaders
10.8.3 Pervasive Players
10.8.4 Participants
Figure 42 Spatial Computing Market: Key Company Evaluation Matrix, 2022
10.8.5 Company Product Footprint Analysis
Table 196 Key Company Footprint
10.9 Startup/SME Evaluation Matrix
Figure 43 Startup/SME Evaluation Matrix: Criteria Weightage
10.9.1 Progressive Companies
10.9.2 Responsive Companies
10.9.3 Dynamic Companies
10.9.4 Starting Blocks
Figure 44 Spatial Computing Market: Startup/SME Evaluation Matrix, 2022
10.9.5 Competitive Benchmarking
Table 197 Spatial Computing Market: Detailed List of Key Startup/SMEs
Table 198 Startup/SME Footprint
10.10 Key Market Developments
10.10.1 Product Launches & Enhancements
Table 199 Product Launches & Enhancements, 2020-2023
10.10.2 Deals
Table 200 Deals, 2020-2023
11 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
11.1 Introduction
11.2 Key Players
11.2.1 Meta (Facebook)
Table 201 Meta: Business Overview
Figure 45 Meta: Company Snapshot
Table 202 Meta: Products Offered
Table 203 Meta: Product Launches
Table 204 Meta: Deals
11.2.2 Microsoft
Table 205 Microsoft: Business Overview
Figure 46 Microsoft: Company Snapshot
Table 206 Microsoft: Products Offered
Table 207 Microsoft: Product Launches
Table 208 Microsoft: Deals
11.2.3 Apple
Table 209 Apple: Business Overview
Figure 47 Apple: Company Snapshot
Table 210 Apple: Products/Solutions/Services Offered
Table 211 Apple: Product Launches
Table 212 Apple: Deals
11.2.4 Sony
Table 213 Sony: Business Overview
Figure 48 Sony: Company Snapshot
Table 214 Sony: Products/Solutions/Services Offered
Table 215 Sony: Product Launches
Table 216 Sony: Deals
11.2.5 Qualcomm
Table 217 Qualcomm: Business Overview
Figure 49 Qualcomm: Company Snapshot
Table 218 Qualcomm: Products/Solutions/Services Offered
Table 219 Qualcomm: Deals
Table 220 Qualcomm: Others
11.2.6 Google
Table 221 Google: Business Overview
Figure 50 Google: Company Snapshot
Table 222 Google: Products/Solutions/Services Offered
Table 223 Google: Product Launches
Table 224 Google: Deals
11.2.7 Samsung
Table 225 Samsung: Business Overview
Figure 51 Samsung: Company Snapshot
Table 226 Samsung: Products/Solutions/Services Offered
Table 227 Samsung: Product Launches
Table 228 Samsung: Deals
11.2.8 Epson
Table 229 Epson: Business Overview
Figure 52 Epson: Company Snapshot
Table 230 Epson: Products/Solutions/Services Offered
Table 231 Epson: Product Launches
Table 232 Epson: Deals
11.2.9 PTC
Table 233 PTC: Business Overview
Figure 53 PTC: Company Snapshot
Table 234 PTC: Products/Solutions/Services Offered
Table 235 PTC: Product Launches
Table 236 PTC: Deals
11.2.10 Epic Games
Table 237 Epic Games: Business Overview
Table 238 Epic Games: Products Offered
Table 239 Epic Games: Product Launches
Table 240 Epic Games: Deals
11.3 Other Players
11.3.1 Magic Leap
11.3.2 HTC
11.3.3 Lenovo
11.3.4 Intel
11.3.5 NVIDIA
11.3.6 Eon Reality
11.3.7 Ultraleap
11.3.8 Vuzix
11.3.9 Varjo
11.3.10 Zappar
11.3.11 Taqtile
11.3.12 Blippar
11.3.13 3D Cloud by Marxent
11.3.14 4Experience
11.3.15 Avegant
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
12 Adjacent and Related Markets
12.1 Introduction
12.1.1 Related Markets
12.2 AR VR Software Market
Table 241 AR VR Software Market, by Technology Type, 2017-2022 (USD Million)
Table 242 AR VR Software Market, by Technology Type, 2023-2028 (USD Million)
Table 243 AR VR Software Market, by Software Type, 2017-2022 (USD Million)
Table 244 AR VR Software Market, by Software Type, 2023-2028 (USD Million)
Table 245 AR VR Software Market, by Vertical, 2017-2022 (USD Million)
Table 246 AR VR Software Market, by Vertical, 2023-2028 (USD Million)
Table 247 AR VR Software Market, by Region, 2017-2022 (USD Million)
Table 248 AR VR Software Market, by Region, 2023-2028 (USD Million)
12.3 Metaverse Market
Table 249 Metaverse Market, by Component, 2018-2021 (USD Billion)
Table 250 Metaverse Market, by Component, 2022-2027 (USD Billion)
Table 251 Metaverse Market, by Vertical, 2018-2021 (USD Billion)
Table 252 Metaverse Market, by Vertical, 2022-2027 (USD Billion)
Table 253 Metaverse Market, by Region, 2018-2021 (USD Billion)
Table 254 Metaverse Market, by Region, 2022-2027 (USD Billion)
13 Appendix
13.1 Discussion Guide
13.2 KnowledgeStore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • 3D Cloud by Marxent
  • 4Experience
  • Altoura
  • Ansys
  • Apple
  • Avegant
  • Blippar
  • Bosch
  • Congatec
  • Encina
  • Eon Reality
  • Epic Games
  • Epson
  • Google
  • HTC
  • Intel
  • Jabil
  • Lenovo
  • Magic Leap
  • Meta (Facebook)
  • Microsoft
  • NVIDIA
  • PTC
  • Qantas
  • Qualcomm
  • Samsung
  • Sony
  • Taqtile
  • Ultraleap
  • Varjo
  • Vuzix
  • Zappar

Table Information

Report AttributeDetails
No. of Pages287
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 97.9 Billion
Forecasted Market Value ( USD ) by 2028 $ 280.5 Billion
Compound Annual Growth Rate23.4%
Regions CoveredGlobal
No. of Companies Mentioned32

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About the Spatial Computing Market

Spatial Computing is a form of computing that uses 3D space to interact with digital objects. It is a rapidly growing field that is being used in a variety of industries, from gaming to architecture. It is based on the idea of using 3D space to interact with digital objects, allowing users to interact with virtual objects in a more natural way. This technology is used to create immersive experiences, such as virtual reality, augmented reality, and mixed reality. It also enables the development of interactive 3D applications, such as 3D modeling, 3D printing, and 3D scanning. Spatial Computing is becoming increasingly popular in the computing industry, as it allows for more natural interactions with digital objects. It is also being used to create more immersive experiences, such as virtual reality and augmented reality. Some companies in the Spatial Computing market include Microsoft, Apple, Google, Facebook, HTC, and Magic Leap. Show Less Read more

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