Latin America Spatial Computing Market Size & Outlook
Latin America spatial computing market, 2018-2030 (US$M)
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Latin America spatial computing market highlights
- The Latin America spatial computing market generated a revenue of USD 6,866.1 million in 2023.
- The market is expected to grow at a CAGR of 21.5% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6,866.1 million |
| Market revenue in 2030 | USD 26,778.6 million |
| Growth rate | 21.5% (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, Latin America region accounted for 5.4% 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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Latin America 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 Latin America spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America spatial computing market was valued at USD 5.4 billion in 2022 and is expected to record a considerable growth rate of 21.5% from 2023 to 2030. The increasing adoption of technologically advanced devices and smart solutions is contributing to the market growth.
The growing proclivity for augmented reality solutions across various industries including e-commerce, gaming, healthcare, architecture, etc. is significantly contributing to the growth of the regional market.
The regional market is expected to gain massive momentum due to the increasing usage of virtual reality and augmented reality across the retail sector to deliver enhanced and immersive customer experience. For instance, in October 2022, Mexico launched a metaverse shopping mall.
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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 continent-level data and insights on the Latin America spatial computing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America spatial computing market size, by country, 2018-2030 (US$M)
Latin America Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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