India Spatial Computing Market Size & Outlook, 2023-2030
India spatial computing market, 2018-2030 (US$M)
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India spatial computing market highlights
- The India spatial computing market generated a revenue of USD 2,421.0 million in 2023 and is expected to reach USD 11,268.1 million by 2030.
- The India market is expected to grow at a CAGR of 24.6% 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 2,421.0 million |
| Market revenue in 2030 | USD 11,268.1 million |
| Growth rate | 24.6% (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, India accounted for 1.9% 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 |
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India 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 66.57% in 2023. Horizon Databook has segmented the India spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Spatial Computing market in India is projected to reach Moreover, the rapid expansion of 5G networks across the country will also impel the demand for immersive technologies such as spatial computing in the coming years.
Besides, the launch of various AR, VR, and mixed reality-based solutions by various major market players as well as domestic companies will strongly contribute to the market growth over the coming years. For instance, in October 2023, Indian telecom company Reliance Jio launched JioGlass, a mixed reality headset that features immersive mode, virtual desktop monitor, and AR cast.
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India spatial computing market , including forecasts for subscribers. This country databook contains high-level insights into India spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India spatial computing market size, by component, 2018-2030 (US$M)
India Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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