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PUBLISHER: Grand View Research | PRODUCT CODE: 1493428
PUBLISHER: Grand View Research | PRODUCT CODE: 1493428
Industrial Metaverse Market Size, Share & Trends Analysis Report By Component (Software, Hardware), By Technology, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Industrial Metaverse Market Growth & Trends:
The global industrial metaverse market size is expected to reach USD 170.11 billion by 2030, growing at a CAGR of 35.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising utilization of immersive training and simulation solutions is responsible for the growth of the market. Industries such as manufacturing, healthcare, and aerospace are increasingly integrating virtual reality (VR) and augmented reality (AR) technologies to create highly realistic training environments. These immersive simulations offer workers practical experience within a safe virtual setting, thereby diminishing the requirement for physical training setups and mitigating the potential for accidents. This cost-efficient trend significantly enhances training efficacy, serving as a valuable resource for industries aiming to enhance workforce skills and operational productivity.
Utilizing accelerated computing technologies can significantly propel the market forward by enhancing the capabilities and efficiency of virtual simulations and real-time processing. With accelerated computing, industrial metaverse applications can handle complex computational tasks, such as rendering high-fidelity 3D models, conducting advanced simulations, and processing massive datasets more quickly and efficiently. In March 2024, Ansys Inc. expanded its collaboration with NVIDIA Corporation to integrate accelerated computing technologies, enhancing Ansys AI+ modules. This includes utilizing NVIDIA Modulus for advanced solver capabilities, focusing initially on semiconductor software products. This collaboration aims to accelerate simulations, allowing engineers to explore more design alternatives rapidly.
Many industries in North America are undergoing digital transformation efforts to improve efficiency and competitiveness. Industrial metaverse solutions complement these initiatives by providing immersive and interactive experiences that enrich collaboration, decision-making, and productivity. With a dynamic ecosystem of innovative companies, North America leads in technological advancement, particularly in emerging fields such as virtual reality (VR), augmented reality (AR), and artificial intelligence. These advanced technologies serve as fundamental components of the industrial metaverse, enabling immersive and interactive experiences within virtual environments. In North America, companies drive advancements in VR, AR, AI, and related technologies.
Industrial Metaverse Market Report Highlights:
- Based on technology, the VR segment dominated the market with the largest share in 2023. This immersive capability is particularly valuable in industries such as manufacturing, automotive, and aerospace, where complex design processes, training simulations, and virtual prototyping can benefit from a highly immersive environment
- Based on application the product design & development segment is expected to experience significant growth during the forecast period. The growing emphasis on customization and personalization in consumer products has fueled demand for agile and flexible design solutions, further driving the dominance of product design & development in the market
- Based on end-use, the manufacturing segment has gained dominance in the market with a significant market share in 2023.The industrial metaverse empowers manufacturers to enhance productivity, quality, and agility while reducing costs and accelerating time-to-market, driving its growth within the manufacturing sector
- Advancements in AI and machine learning propel the market forward by enabling enhanced capabilities and functionalities within virtual environments. These technologies empower industrial metaverse solutions to analyze data intelligently, automate processes, and make informed decisions in real time
- The growing integration of digital twin technology is transforming industries by enabling real-time virtual replicas of physical assets, processes, and systems. This advancement facilitates enhanced predictive maintenance, optimization, and decision-making across various sectors
Product Code: GVR-4-68040-129-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Metaverse market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Industrial Metaverse market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Industrial Metaverse market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Metaverse market: Component Movement Analysis, 2022 & 2030 (USD Billion)
- 4.3. Software
- 4.3.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4. Hardware
- 4.4.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Industrial Metaverse market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Metaverse market: Technology Movement Analysis, 2022 & 2030 (USD Billion)
- 5.3. AR
- 5.3.1. AR Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.4. VR
- 5.4.1. VR Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.5. MR
- 5.5.1. MR Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Industrial Metaverse market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Industrial Metaverse market: Application Movement Analysis, 2022 & 2030 (USD Billion)
- 6.3. Product Design & Development
- 6.3.1. Product Design & Development Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4. Virtual Prototyping
- 6.4.1. Virtual Prototyping Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5. Training & Simulation
- 6.5.1. Training & Simulation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6. Remote Collaboration
- 6.6.1. Remote Collaboration Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.7. Maintenance & Repair
- 6.7.1. Maintenance & Repair Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.8. Supply Chain Optimization
- 6.8.1. Supply Chain Optimization Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.9. Data Visualization & Analytics
- 6.9.1. Data Visualization & Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Industrial Metaverse market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Industrial Metaverse market: End-use Movement Analysis, 2022 & 2030 (USD Billion)
- 7.3. Automotive
- 7.3.1. Automotive Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4. Healthcare
- 7.4.1. Healthcare Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.5. Logistics & Transportation
- 7.5.1. Logistics & Transportation Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6. Manufacturing
- 7.6.1. Manufacturing Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.7. Energy and utilities
- 7.7.1. Energy and utilities Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Others Industrial Metaverse market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Industrial Metaverse market: Regional Estimates & Trend Analysis
- 8.1. Industrial Metaverse market Share, By Region, 2022 & 2030, USD Billion
- 8.2. North America
- 8.2.1. North America Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.3. Germany
- 8.3.3.1. Germany Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. France Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.3. Japan
- 8.4.3.1. Japan Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.4. India
- 8.4.4.1. India Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.6. Australia
- 8.4.6.1. Australia Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.3. Mexico
- 8.5.3.1. Mexico Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.2. South Africa
- 8.6.2.1. South Africa Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.4. UAE
- 8.6.4.1. UAE Industrial Metaverse market Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Heat Map Analysis
- 9.7. Strategy Mapping
- 9.7.1. Expansion/Divestiture
- 9.7.2. Collaborations/Partnerships
- 9.7.3. New Product Launches
- 9.7.4. Contract
- 9.8. Company Profiles/Listing
- 9.8.1. Bentley Systems, Inc.
- 9.8.1.1. Participant's Overview
- 9.8.1.2. Financial Performance
- 9.8.1.3. Product Benchmarking
- 9.8.1.4. Recent Developments
- 9.8.2. Dassault Systems SE
- 9.8.2.1. Participant's Overview
- 9.8.2.2. Financial Performance
- 9.8.2.3. Product Benchmarking
- 9.8.2.4. Recent Developments
- 9.8.3. HTC Corporation
- 9.8.3.1. Participant's Overview
- 9.8.3.2. Financial Performance
- 9.8.3.3. Product Benchmarking
- 9.8.3.4. Recent Developments
- 9.8.4. Magic Leap, Inc.
- 9.8.4.1. Participant's Overview
- 9.8.4.2. Financial Performance
- 9.8.4.3. Product Benchmarking
- 9.8.4.4. Recent Developments
- 9.8.5. Microsoft Corporation
- 9.8.5.1. Participant's Overview
- 9.8.5.2. Financial Performance
- 9.8.5.3. Product Benchmarking
- 9.8.5.4. Recent Developments
- 9.8.6. NVIDIA Corporation
- 9.8.6.1. Participant's Overview
- 9.8.6.2. Financial Performance
- 9.8.6.3. Product Benchmarking
- 9.8.6.4. Recent Developments
- 9.8.7. PTC Inc
- 9.8.7.1. Participant's Overview
- 9.8.7.2. Financial Performance
- 9.8.7.3. Product Benchmarking
- 9.8.7.4. Recent Developments
- 9.8.8. Siemens AG
- 9.8.8.1. Participant's Overview
- 9.8.8.2. Financial Performance
- 9.8.8.3. Product Benchmarking
- 9.8.8.4. Recent Developments
- 9.8.9. Swanson Analysis Systems Inc.
- 9.8.9.1. Participant's Overview
- 9.8.9.2. Financial Performance
- 9.8.9.3. Product Benchmarking
- 9.8.9.4. Recent Developments
- 9.8.10. Unity Software Inc.
- 9.8.10.1. Participant's Overview
- 9.8.10.2. Financial Performance
- 9.8.10.3. Product Benchmarking
- 9.8.10.4. Recent Developments
- 9.8.1. Bentley Systems, Inc.
Product Code: GVR-4-68040-129-8
List of Tables
- Table 1 Global Industrial Metaverse market by Component, 2017 - 2030 (USD Billion)
- Table 2 Global Industrial Metaverse market by Technology, 2017 - 2030 (USD Billion)
- Table 3 Global Industrial Metaverse market by Application, 2017 - 2030 (USD Billion)
- Table 4 Global Industrial Metaverse market by End-use, 2017 - 2030 (USD Billion)
- Table 5 Global Industrial Metaverse market by region, 2017 - 2030 (USD Billion)
- Table 6 North America Industrial Metaverse market by country, 2017 - 2030 (USD Billion)
- Table 7 Europe Industrial Metaverse market by country, 2017 - 2030 (USD Billion)
- Table 8 Asia Pacific Industrial Metaverse market by country, 2017 - 2030 (USD Billion)
- Table 9 Latin America Industrial Metaverse market by country, 2017 - 2030 (USD Billion)
- Table 10 MEA Industrial Metaverse market by country, 2017 - 2030 (USD Billion)
- Table 11 Key companies launching new products/services.
- Table 12 Key companies engaged in mergers & acquisition.
- Table 13 Key companies engaged in Research & development.
- Table 14 Key Companies engaged in expansion.
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Market research approaches
- Fig. 4 Value chain-based sizing & forecasting
- Fig. 5 QFD modelling for market share assessment.
- Fig. 6 Parent market analysis
- Fig. 7 Patient-population model
- Fig. 8 Market formulation & validation
- Fig. 9 Industrial Metaverse market snapshot
- Fig. 10 Industrial Metaverse market segment snapshot
- Fig. 11 Industrial Metaverse market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 Industrial Metaverse Market, Component outlook key takeaways (USD Billion)
- Fig. 16 Industrial Metaverse Market: Component movement analysis 2022 & 2030 (USD Billion)
- Fig. 17 Software Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion
- Fig. 18 Hardware Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 19 Services Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 20 Industrial Metaverse Market: Technology outlook key takeaways (USD Billion)
- Fig. 21 Industrial Metaverse Market: Technology movement analysis 2022 & 2030 (USD Billion)
- Fig. 22 AR Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 23 VR Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 24 MR Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 Industrial Metaverse Market, Application outlook key takeaways (USD Billion)
- Fig. 26 Industrial Metaverse Market: Application movement analysis 2022 & 2030 (USD Billion)
- Fig. 27 Product Design & Development Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 28 Virtual Prototyping Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 29 Training & Simulation Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 30 Remote Collaboration Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 31 Maintenance & Repair Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 32 Supply Chain Optimization Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 33 Data Visualization & Analytics Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 34 Industrial Metaverse Market: End-use outlook key takeaways (USD Billion)
- Fig. 35 Industrial Metaverse Market: End-use movement analysis 2022 & 2030 (USD Billion)
- Fig. 36 Automotive Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 37 Healthcare Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 38 Logistics & Transportation Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 39 Manufacturing Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 40 Energy and utilities Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 41 Others Industrial Metaverse market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 42 Regional marketplace: Key takeaways
- Fig. 43 Industrial Metaverse Market: Regional outlook, 2022 & 2030, USD Billion
- Fig. 44 North America Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 45 U.S. Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 46 Canada Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 47 Europe Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 48 U.K. Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 49 Germany Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 50 France Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 51 Asia Pacific Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 52 Japan Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 53 China Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 54 India Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 55 South Korea Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 56 Australia Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 57 Latin America Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 58 Brazil Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 59 Mexico Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 60 MEA Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 61 South Africa Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 62 Saudi Arabia Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 63 UAE Industrial Metaverse market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 64 Strategy framework
- Fig. 65 Company Categorization
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