China Industrial Metaverse Market Size & Outlook
China industrial metaverse market, 2018-2030 (US$M)
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China industrial metaverse market highlights
- The China industrial metaverse market generated a revenue of USD 1,995.0 million in 2023 and is expected to reach USD 16,268.1 million by 2030.
- The China market is expected to grow at a CAGR of 35% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial metaverse market data book summary
| Market revenue in 2023 | USD 1,995.0 million |
| Market revenue in 2030 | USD 16,268.1 million |
| Growth rate | 35% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Microsoft Corp, NVIDIA Corp, PTC, Siemens AG, Unity Software Inc Ordinary Shares, HTC, Magic Leap, Swanson Group |
Other key industry trends
- In terms of revenue, China accounted for 8.9% of the global industrial metaverse market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,877.8 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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China industrial metaverse market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial metaverse market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 40.27% in 2023. Horizon Databook has segmented the China industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
In China, the adoption of industrial metaverse solutions is poised to transform manufacturing processes, training programs, and collaborative initiatives within industries and sectors.
These technologies offer opportunities for optimizing production workflows, reducing downtime, and enhancing worker safety through immersive training simulations. By leveraging virtual environments, Chinese industries can simulate complex scenarios, test new procedures, and train personnel remotely, thereby minimizing the need for physical presence on factory floors.
This shift toward virtual training and collaboration not only improves operational efficiency but also accelerates skill development among the workforce, ensuring readiness for evolving job roles in the digital era.
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Target buyers of China industrial metaverse market databook
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into China industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial metaverse market size, by component, 2018-2030 (US$M)
China Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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