Spatial computing is swiftly redefining the digital landscape. Projected to reach a market value of $31.12 billion by 2023, the AR/VR B2C industry’s meteoric rise is not slowing down, with an anticipated growth of 67% by 2027.
But what is fueling this surge? The spectrum of spatial computing ranges from reality to entirely computer-generated. Realities include Augmented (AR), Mixed (MR), and Virtual (VR). AR provides a novel experience with technologies like XREAL air, offering a 3D interface, or Augmedics, enhancing surgical precision. Lumus’ Z-Lens stands distinct, fusing AR into our everyday eyewear.
Mixed reality, a marriage of digital and physical, offers groundbreaking devices. Apple Vision Pro and Meta Quest 3, for example, infuse our spaces with interactive digital content. Conversely, virtual reality offers a fully digital realm, showcased by Meta Quest 2’s expansive 90-degree vision.
By 2024, a staggering 1.4 billion devices worldwide will flaunt AR capabilities. This revolution impacts work, with holographic calls and improved efficiency, like BAE factory workers slashing build times by 40%. Play transforms, too, with immersive games and innovative audio experiences. Even education and healthcare are not untouched, with interactive learning and enhanced patient care.
Moreover, as AR glasses gain traction, smartphones wane. A pivotal 2023 statistic reveals a 14% drop in smartphone sales, contrasted with a 45% rise in AR glasses. Central to these glasses is waveguide technology, with the Reflective Waveguide offering myriad advantages like enhanced brightness and better battery efficiency. In conclusion, spatial computing is not just a trend—it is the next frontier in our digital evolution.