Product Code: GVR-4-68040-129-8
Industrial Metaverse Market Growth & Trends:
The global industrial metaverse market size is expected to reach USD 170.12 billion by 2030, growing at a CAGR of 37.0% from 2025 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 component, the hardware segment led the market with the largest revenue share of 41.02% in 2024. Industrial metaverse solutions often require specialized hardware components customized to the unique needs of industrial applications.
- Based on technology, the VR segment accounted for the largest revenue share in 2024, due to its ability to provide immersive experiences and promote realistic training simulations for industrial tasks.
- Based on application, the data visualization & analytics segment accounted for the largest revenue share in 2024. As industrial processes become increasingly digitized, there is a growing volume of data generated across various operations.
- Based on end use, the manufacturing segment accounted for the largest market revenue share in 2024. Manufacturing is witnessing market growth due to its integration of digital technologies such as VR, AR, and digital twins.
- North America dominated the industrial metaverse market with the largest revenue share of 32.20% in 2024.
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
Chapter 4. Industrial Metaverse Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Metaverse market: Component Movement Analysis, 2024 & 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, 2024 & 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, 2024 & 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, 2024 & 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, 2024 & 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. UK
- 8.3.2.1. UK 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
- 9.8. Company Profiles/Listing
- 9.8.1. Bentley Systems, Inc.
- 9.8.2. Dassault Systems SE
- 9.8.3. HTC Corporation
- 9.8.4. Magic Leap, Inc.
- 9.8.5. Microsoft Corporation
- 9.8.6. NVIDIA Corporation
- 9.8.7. PTC Inc
- 9.8.8. Siemens AG
- 9.8.9. Swanson Analysis Systems Inc.
- 9.8.10. Unity Software Inc.