Europe Spatial Computing Market Size & Outlook, 2023-2030
Europe spatial computing market, 2018-2030 (US$M)
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Europe spatial computing market highlights
- The Europe spatial computing market generated a revenue of USD 32,765.3 million in 2023.
- The market is expected to grow at a CAGR of 19.9% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 32,765.3 million |
| Market revenue in 2030 | USD 116,510.3 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 25.6% of the global spatial computing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,356.0 million by 2030.
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Spatial Computing Market Scope
Spatial Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 66.67% in 2023. Horizon Databook has segmented the Europe spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The spatial computing market in Europe is expected to grow significantly, due to the increasing demand for augmented and virtual reality applications in various industries. Additionally, the adoption of IoT and AI technologies is further driving this growth.
Cloud computing and 5G infrastructure advancements are also expected to propel the market. These factors combined present a great opportunity for businesses and investors to take advantage of the burgeoning spatial computing market in Europe.
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe spatial computing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe spatial computing market size, by country, 2018-2030 (US$M)
Europe Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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