South Korea Industrial Metaverse Market Size & Outlook
South Korea industrial metaverse market, 2018-2030 (US$M)
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South Korea industrial metaverse market highlights
- The South Korea industrial metaverse market generated a revenue of USD 467.0 million in 2023 and is expected to reach USD 5,877.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 43.6% 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 467.0 million |
| Market revenue in 2030 | USD 5,877.8 million |
| Growth rate | 43.6% (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, South Korea accounted for 2.1% 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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South Korea 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 39.38% in 2023. Horizon Databook has segmented the South Korea industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korean companies operating across various sectors are actively investing in Extended Reality (XR) technologies such as AR and VR. This is evident in the increasing number of startups and established companies focusing on XR hardware, software, and content development.
For instance, in November 2021, Samsung, a South Korean-based electronics company that engages in IT and mobile communications, consumer electronics, and device solutions, acquired DigiLens, an American optics startup, to enhance its lens technology.
The new iteration and holographic waveguides offer a larger Field of View (FoV) compared to previous waveguides, demonstrating Samsung's dedication to revolutionary optical technologies.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into South Korea industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea industrial metaverse market size, by component, 2018-2030 (US$M)
South Korea Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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