Hide Applications from other Spaces in Application Switcher
Windowflow - free for a limited time and gives some options for different spaces and such.

Witch - 12,99 € and has an option that will only show apps in the current space.

WindowSwitcher - 3,59 € and it comes very close to your needs, check it out.

As far as an native solution to your problem: I don't think there is a setting or command that makes the application switcher behave like this.

Definitely check out WindowSwitcher I honestly think it is what you are looking for!

p.s. prices were correct at the time of posting.