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The South Asia and Pacific Region Spatial Computing Market is expected to grow at a CAGR of 23.8%. Virtual reality has the largest market share for the spatial computing Market, with 37.8%. Design and manufacturing has the highest CAGR of 24.1% for the forecast period.

According to Future Market Insights, the demand for spatial computing for the forecast period 2022-2032 is estimated to grow at a CAGR of18.2%.

According to the report, the market valuation for spatial computing for 2022 is estimated to beUS$ 102.1 Bn and is forecasted to rise toUS$ 544.6 Bn by the year 2032.

Spatial computing is a broad term referring to the technologies such as augmented reality, mixed reality and virtual reality which are technologies that allow all the computation process which are possible on present day computers, but in a 3D manner, by immersing the users in a virtual environment with virtual objects which they could interact with.

For example, use of augmented reality in logistics to identify which boxes are supposed to be deployed by displaying messages on the screen of the frontline worker or surrounding the target box with a virtual border which could be visible through the augmented reality headset.

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Key Takeaways: Spatial Computing Market

By Component, spatial computing devices had the higher market share ofUS$ 44.8 Bn and computing software solution is estimated to have the higher growth rate of20.2%.

By Technology, virtual reality had the higher market share for 2021 with a market share of48.5%. Mixed reality is estimated to display a growth of CAGR21.3% for the forecast period.