Spatial Computing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Hardware, Software, Services), By Technology (Augmented Reality, Mixed Reality, Virtual Reality), By Application (Entertainment, Design and manufacturing, Meetings and interaction, Logistics, Others), By Industry (BFSI, Government & Public Sector, IT & Telecom, Travel & Hos
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSpatial Computing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Hardware, Software, Services), By Technology (Augmented Reality, Mixed Reality, Virtual Reality), By Application (Entertainment, Design and manufacturing, Meetings and interaction, Logistics, Others), By Industry (BFSI, Government & Public Sector, IT & Telecom, Travel & Hos
Global Spatial Computing market is expected to thrive during the forecast period 2024-2028. Growing need for real-world digital solutions development and improving human-machine and machine-to-machine interface support market expansion.
Spatial computing technology is used by researchers, doctors, and scientists to map important information about the depths of the ocean and track diseases. Spatial computing is used by environmentalists to forecast the behaviour of extinct creatures and by self-driving automobiles to securely transport passengers to their destinations. Virtual reality and augmented reality are the two technologies that are most likely to be connected to spatial computing.
Rise in Demand in Manufacturing Sector is Fueling the Market Growth
Globally, manufacturers have the opportunity to take real-life practice optimization to a completely new level with the use of spatial computing, which automates spatial interactions between machines, people, and objects in order to detect their precise location and movements inside a 3D area. Moreover, through Industrial Internet of Things (IIoT) initiatives, companies have been able to achieve unprecedented levels of efficiency. They have given manufacturing floor equipment smart sensors so they can report on their usage and status and take remote commands. Connected operations offer a far better understanding of how facilities are operating. Companies have been able to increase income, save expenses, and improve quality as a result, but the benefits now found at are limited since IIoT still lacks crucial spatial information.
The demand for spatial computing is rising in order to overcome draw backs in IIo. Modern camera systems assess the distances between machines, people, and objects in addition to taking pictures in two dimensions. It is totally conceivable to build much more in-depth, real-time models of reality when it can link the 3D images of several cameras and analyse the results. As a result, a "digital twin" of the entire factory is created, allowing interdisciplinary working groups to remotely collaborate while yet being able to monitor and control it as if they were all present on the production floor. Thereby, driving the growth in the spatial computing market.
Employee Performance Analysis is Driving the Market Growth
Growing adoption of spatial computing in order to monitor employee performance is driving market growth. Worker and production constraints can be found more precisely and quickly with spatial computing analytics than with earlier techniques. Spatial "heat maps," for instance, provide fresh insights about the amount of time a worker spends at a specific spot during a specific stage of a workflow and the most popular routes around the factory. By examining how employees perform on various activities, it is possible to determine the types of work in which they excel and then assign them to assignments that are compatible with their unique set of abilities and physical characteristics. These employees, are given the freedom to do their best work in ways that are both safer and more efficient. Moreover, with the help of spatial computing, workers can interact with the surrounding digital ecosystem both as a consumer and a provider. For instance, it can show them exactly where a mistake happened on the shop floor and show them how to get there quickly.
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Market Segmentation
Recent Advancements
- Microsoftis attempting to assist business customers in making the transition from the 2Dscreens they currently use on a daily basis to a future of wearable, hands-freeuser interfaces and 3D holographic representations. The company's HoloLens 2mixed reality headset, which was unveiled in 2019, has a design that is morebalanced and comfortable, twice the field of view of the original HoloLens, andsignificantly increases the resolution of the 3D imagery that can be viewed viathe lenses.
Company Profiles
Microsoft Corporation, Google LLC, Meta Platforms, Inc., PTC Inc. (Vuforia), Amazon.com, Inc., Ford Motor Company, IBM Corporation, Sony Group Corporation, NVIDIA Corporation and Magic Leap Limited, are among the major players that are driving the growth of the global Spatial Computing
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Component By Technology By Application By Industry By Region |
| Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa and South America |
| Country Scope | United States, Canada, Mexico, China, Japan, India, Australia, South Korea, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | Microsoft Corporation, Google LLC, Meta Platforms, Inc., PTC Inc. (Vuforia), Amazon.com, Inc., Ford Motor Company, IBM Corporation, Sony Group Corporation, NVIDIA Corporation and Magic Leap Limited |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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