India Industrial Metaverse Market Size & Outlook
India industrial metaverse market, 2018-2030 (US$M)
Related Markets
India industrial metaverse market highlights
- The India industrial metaverse market generated a revenue of USD 879.7 million in 2023 and is expected to reach USD 10,259.9 million by 2030.
- The India market is expected to grow at a CAGR of 42% 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 879.7 million |
| Market revenue in 2030 | USD 10,259.9 million |
| Growth rate | 42% (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, India accounted for 3.9% 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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India 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 39.99% in 2023. Horizon Databook has segmented the India industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for rapid innovation and efficient product development is driving Indian companies to adopt industrial metaverse. This virtual environment allows them to utilize virtual prototyping and iterative design processes.
Highly realistic digital replicas of products are created, and their performance can be simulated in various conditions. This empowers designers and engineers to pinpoint design flaws, optimize functionality, and significantly speed up the development cycle.
The benefits extend beyond just speed. Virtual prototyping reduces the need for physical prototypes, which translates to cost savings. Furthermore, this approach fosters a culture of innovation in product design across a wide range of industries, including automotive, consumer electronics, and aerospace.
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Target buyers of India 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 India industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into India industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India industrial metaverse market size, by component, 2018-2030 (US$M)
India Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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