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Spatial Computing Market Analysis

Report ID: GMI6775
Published Date: Sep 2023
Report Format: PDF

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Spatial Computing Market Analysis

Spatial Computing Market Size, By Component, 2021 – 2032, (USD Billion)

The hardware segment recorded around 45% of the spatial computing market share in 2022. Spatial computers, which seamlessly merge digital content with the physical world, are creating lucrative growth opportunities for the hardware components sector of the market. The demand for high-performance processors, advanced sensors, and immersive displays is surging as these components are vital for delivering a seamless user experience.

For instance, in June 2023, Apple introduced the Apple Vision Pro, an innovative spatial computing device that integrates digital content with the physical environment. It enables users to remain connected to their surroundings and others while offering a limitless canvas for apps that extend beyond the confines of conventional displays. This groundbreaking technology also introduces a fully three-dimensional user interface, controlled through the most natural & intuitive inputs available.

Spatial Computing Market Share, By Technology, 2022

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The Augmented Reality (AR) segment held over 40% of the spatial computing market share in 2022. AR studio spatial computing platforms have the potential to enhance interoperability and propel AR technology within the market. These platforms often offer standardized frameworks and tools, making it easier for developers to create compatible AR applications.

For instance, in August 2023, Rokid, a technology company specializing in human-computer interface technology, unveiled its Rokid AR Studio spatial computing platform. This innovative offering combines the Station Pro computing system with the Max Pro AR smart glasses. Through these integrated solutions, Rokid aims to immerse users in the world of spatial computing, providing them with an immersive & engaging experience.

U.S. Spatial Computing Market Size, 2021 -2032, (USD Billion)

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North America spatial computing market accounted for 30% of revenue share in 2022, due to the growing technological advancements. The region is an innovation hub, with leading tech companies continuously pushing the boundaries of spatial computing hardware and software. This technological leadership fosters cutting-edge product development and attracts investment and talent, creating a thriving ecosystem for spatial computing. As a result, North America remains a leader in proliferating the adoption of spatial computing technologies across various industries and consumer markets.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of spatial computing reached USD 105.9 billion in 2022 and is set to witness 19% CAGR from 2023 to 2032, due to rapid technological advancements, such as more powerful processors, higher-resolution displays, and precise sensors, in spatial computing.

The hardware component segment held over 45% of the market share in 2022, on account of the rising need for high-performance processors, advanced sensors, and immersive displays.

North America accounted for 30% in the market share in 2022, owing to the presence of leading tech companies that are continuously pushing the boundaries of spatial computing hardware and software in the region.

Microsoft Corporation, Google LLC, Meta Platforms, Inc., Apple Inc., Sony Corporation, Intel Corporation, and NVIDIA Corporation are some of the major spatial computing companies worldwide.