China Spatial Computing Market Size & Outlook, 2023-2030
China spatial computing market, 2018-2030 (US$M)
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China spatial computing market highlights
- The China spatial computing market generated a revenue of USD 19,820.4 million in 2023 and is expected to reach USD 78,738.3 million by 2030.
- The China market is expected to grow at a CAGR of 21.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Spatial computing market data book summary
| Market revenue in 2023 | USD 19,820.4 million |
| Market revenue in 2030 | USD 78,738.3 million |
| Growth rate | 21.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Alphabet Inc Class A, Lenovo Group Ltd, HTC Corp DR, Microsoft Corp, NVIDIA Corp, PTC, Qualcomm Inc, Oculus VisionTech Inc, Seiko Epson Corp, Sony Group Corp ADR, Unity Software Inc Ordinary Shares, Vuzix Corp, Avegant, Blippar, DAQRI, Magic Leap, 3D Cloud, Zappar |
Other key industry trends
- In terms of revenue, China accounted for 15.5% of the global spatial computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China spatial computing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,268.1 million by 2030.
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Spatial Computing Market Scope
Spatial Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China spatial computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spatial computing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.7% in 2023. Horizon Databook has segmented the China spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
China spatial computing market Factors such as rapid adoption of smart gadgets, growing disposable incomes, and proliferation of immersive technologies in the country are contributing to the market growth. Besides, favorable government initiatives to implement immersive technologies across various industrial sectors of the country are also expected to open significant growth opportunities for the spatial computing market.
For instance, in November 2022, the Chinese government released the Virtual Reality and Industry Application Integration Development Action Plan (2022-2026), which outlines its plans to achieve significant breakthroughs in key VR integration, 3D technologies, and immersive audio-visual technology by the end of 2026.
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China spatial computing market , including forecasts for subscribers. This country databook contains high-level insights into China spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China spatial computing market size, by component, 2018-2030 (US$M)
China Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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