According to a new report, published by KBV research, The Global Spatial Computing Market size is expected to reach $423.5 billion by 2030, rising at a market growth of 20.3% CAGR during the forecast period.
The Aerospace & Defense segment is anticipated to grow at a CAGR of 22.6% during (2023 - 2030). Spatial computing creates highly immersive training and simulation environments for aerospace and defense personnel. Virtual reality (VR) and augmented reality (AR) technologies provide realistic scenarios for pilots, soldiers, and maintenance crews to practice and improve their skills. This enhances training effectiveness and reduces the risk associated with real-world exercises.
The Hardware segment is leading the Global Spatial Computing Market by Solution in 2022; thereby, achieving a market value of $230.8 billion by 2030. Hardware devices have been a major factor in the market's expansion throughout the forecast period. It refers to technology allowing real-time interaction between the digital and physical worlds to produce immersive user experiences. Head-mounted displays like virtual reality headsets and augmented reality glasses have greatly expanded the market.
The Mixed Reality segment is registering a CAGR of 20.8% during (2023 - 2030). Mixed reality combines virtual and increased reality elements to create immersive and interactive experiences that integrate virtual reality and reality. The realistic and dynamic visual objects that MR technology overlays in the real world provide a high level of immersion. This creates a sense of presence and enables more natural and intuitive user interactions with virtual content.
The North America region dominated the Global Spatial Computing Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $145.8 billion by 2030. The Europe region is poised to grow at a CAGR of 20% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 21.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/spatial-computing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple Inc., Avegant Corporation, Blippar Group Limited, Seiko Epson Corporation, Google LLC, HTC Corporation, Lenovo Group Limited, Magic Leap, Inc., Microsoft Corporation, NVIDIA Corporation.
By End User
By Solution
By Technology
By Geography
Companies Profiled
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