This is good news (well, eventually) for the Apple Vision Pro and upcoming “Apple Glasses”: the global spatial computing market will reach US$1.1 billion by 2034, according to Allied Market Research’s report “Spatial Computing Market – Global Opportunity Analysis and Industry Forecast, 2024-2034.”
The market was valued at $135.4 billion in 2024, but is expected to grow at a compound annual growth rate (CAGR) of 22.6% from 2025 to 2034, reaching $1061 billion by 2034.
According to Allied Market Research, key factors fueling this growth include rapid advancements in AR/VR technologies, integration of AI and IoT, growing demand for real-time 3D mapping and simulation, increased use in healthcare and manufacturing, rising consumer interest in immersive experiences, expanding enterprise applications, supportive government initiatives, and investments by major tech players worldwide.
The research group notes that the rise in demand for immersive & interactive technologies, rapid advancements in AR/VR devices, increase in use of AI-powered spatial analytics, and surge in investments in smart infrastructure and digital twins. However, challenges such as high implementation costs, data privacy concerns, and lack of standardization restrain market growth, according to Allied Market Research.
