Spatial computing and extended reality (XR) encompasses augmented reality (AR), virtual reality (VR), mixed reality (MR), and the software platforms that create immersive digital experiences overlaid on or replacing the physical world. Apple Vision Pro's launch (2024) validated the category at the premium end while Meta Quest continues to serve the mass market. The sector serves enterprise applications (training, design review, remote collaboration), consumer entertainment (gaming, media), and the emerging category of spatial AI that understands and interacts with 3D environments.

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