UK Industrial Metaverse Market Size & Outlook, 2023-2030
UK industrial metaverse market, 2018-2030 (US$M)
Related Markets
UK industrial metaverse market highlights
- The UK industrial metaverse market generated a revenue of USD 1,411.6 million in 2023 and is expected to reach USD 10,603.3 million by 2030.
- The UK market is expected to grow at a CAGR of 33.4% 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 1,411.6 million |
| Market revenue in 2030 | USD 10,603.3 million |
| Growth rate | 33.4% (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, UK accounted for 6.3% 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 Europe, Germany industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 10,603.3 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 46.68% in 2023. Horizon Databook has segmented the UK industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Universities and research institutions in the U.K. are collaborating with businesses to develop and implement industrial metaverse solutions. This fosters knowledge sharing and accelerates innovation in the field. For instance, in June 2023.
The United Kingdom Atomic Energy Authority (UKAEA), in collaboration with Dell Technologies, Intel, and the University of Cambridge, joined forces to propel the development of the U.K.'s prototype fusion powerplant.
This partnership was aimed at leveraging supercomputers capable of performing up to one quintillion calculations per second and advanced AI technologies to construct a “digital twin” of the STEP design.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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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 UK industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into UK industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK industrial metaverse market size, by component, 2018-2030 (US$M)
UK Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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