South Korea Spatial Computing Market Size & Outlook
South Korea spatial computing market, 2018-2030 (US$M)
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South Korea spatial computing market highlights
- The South Korea spatial computing market generated a revenue of USD 5,293.4 million in 2023 and is expected to reach USD 21,426.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 22.1% 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 5,293.4 million |
| Market revenue in 2030 | USD 21,426.8 million |
| Growth rate | 22.1% (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, South Korea accounted for 4.1% 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 |
|---|
South Korea 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 66.81% in 2023. Horizon Databook has segmented the South Korea spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea was increasing adoption of immersive technologies across various industry verticals is creating ample opportunities for market growth. The educational institutions in the country are keen on implementing VR technologies and incorporating the metaverse into their learning systems.
For instance, Pohang University of Science and Technology (POSTECH) is being transformed to create metaversity, which will digitize the classrooms and offer courses in cyberspace. The market growth is being further driven by the favorable government initiatives to encourage digital literacy.
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Target buyers of South Korea spatial computing market databook
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the South Korea spatial computing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea spatial computing market size, by component, 2018-2030 (US$M)
South Korea Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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