Global Metaverse in Automotive Market Size study, by Product (Hardware, Software), by Technology (Virtual Reality, Augmented Reality, Mixed Reality), by Application (Simulation, Testing and Designing, Advertising, Online Car Purchasing) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G2E85E8CC874EN
Bizwit Research & Consulting LLP

Abstracts

Global Metaverse in Automotive Market was valued at approximately USD 2.86 billion in 2023 and is projected to experience a robust CAGR of 29.9% during the forecast period from 2024 to 2032. The metaverse in the automotive sector represents an innovative convergence of immersive technologies such as virtual reality (VR), augmented reality (AR), and mixed reality (MR) within the automobile ecosystem. This fusion facilitates users to engage with, customize, and experience vehicles, services, and various automotive activities through digital environments and virtual representations.

Global Metaverse in Automotive Market is driven by rising emphasis on utilizing the metaverse for marketing initiatives, the burgeoning demand for modern vehicle shopping experiences via immersive virtual showrooms, and the increasing requirement for intuitive metaverse designs in product development and manufacturing. Additionally, the metaverse offers promising opportunities in car maintenance and repairs, and its integration into automotive infotainment systems is expected to further propel market expansion. However, challenges such as the high costs associated with installing and maintaining premium components, alongside cybersecurity and privacy concerns, may hinder market progress.

The key regions considered for the Global Metaverse in Automotive Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific holds a significant market share, driven by its role as a hub of technological innovation and advancements in car technology. The region's increasing passenger car sales and the growing digitization within the automotive sector are expected to boost the adoption of AR-based advanced displays, thereby enhancing the demand for the metaverse in the automotive market. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Key market players included in this report:

Unity Technologies

holoride GmbH

Eccentric

NVIDIA Corporation

Stradvision

Microsoft Corporation

metadome.ai (formerly Adloid)

WayRay AG

Varjo Technologies

Roblox Corporation

The detailed segments and sub-segment of the market are explained below:

By Product:

• Hardware
• Software

By Technology:

• Virtual Reality
• Augmented Reality
• Mixed Reality

By Application:

• Simulation, Testing, and Designing
• Advertising
• Online Car Purchasing

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America

• Brazil
• Mexico

Middle East & Africa

• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

Contents

CHAPTER 1. GLOBAL METAVERSE IN AUTOMOTIVE MARKET EXECUTIVE SUMMARY

1.1. Global Metaverse in Automotive Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Technology
  1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL METAVERSE IN AUTOMOTIVE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL METAVERSE IN AUTOMOTIVE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Focus on Leveraging the Metaverse for Marketing Campaigns
  3.1.2. Increasing Demand for Modern Vehicle Shopping Experiences
  3.1.3. Growth in Demand for Intuitive Metaverse Design for Product Development
3.2. Market Challenges
  3.2.1. High Costs of Installing and Maintaining Premium Components
  3.2.2. Cybersecurity and Privacy Concerns
3.3. Market Opportunities
  3.3.1. Integration of Metaverse in Car Maintenance and Repairs
  3.3.2. Incorporation of Metaverse in Automotive Infotainment Systems

CHAPTER 4. GLOBAL METAVERSE IN AUTOMOTIVE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL METAVERSE IN AUTOMOTIVE MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Metaverse in Automotive Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Hardware
  5.2.2. Software

CHAPTER 6. GLOBAL METAVERSE IN AUTOMOTIVE MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

6.1. Segment Dashboard
6.2. Global Metaverse in Automotive Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Virtual Reality
  6.2.2. Augmented Reality
  6.2.3. Mixed Reality

CHAPTER 7. GLOBAL METAVERSE IN AUTOMOTIVE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

7.1. Segment Dashboard
7.2. Global Metaverse in Automotive Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Simulation, Testing, and Designing
  7.2.2. Advertising
  7.2.3. Online Car Purchasing

CHAPTER 8. GLOBAL METAVERSE IN AUTOMOTIVE MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Metaverse in Automotive Market
  8.1.1. U.S. Metaverse in Automotive Market
    8.1.1.1. Product breakdown size & forecasts, 2022-2032
    8.1.1.2. Technology breakdown size & forecasts, 2022-2032
    8.1.1.3. Application breakdown size & forecasts, 2022-2032
  8.1.2. Canada Metaverse in Automotive Market
8.2. Europe Metaverse in Automotive Market
  8.2.1. U.K. Metaverse in Automotive Market
  8.2.2. Germany Metaverse in Automotive Market
  8.2.3. France Metaverse in Automotive Market
  8.2.4. Spain Metaverse in Automotive Market
  8.2.5. Italy Metaverse in Automotive Market
  8.2.6. Rest of Europe Metaverse in Automotive Market
8.3. Asia-Pacific Metaverse in Automotive Market
  8.3.1. China Metaverse in Automotive Market
  8.3.2. India Metaverse in Automotive Market
  8.3.3. Japan Metaverse in Automotive Market
  8.3.4. Australia Metaverse in Automotive Market
  8.3.5. South Korea Metaverse in Automotive Market
  8.3.6. Rest of Asia Pacific Metaverse in Automotive Market
8.4. Latin America Metaverse in Automotive Market
  8.4.1. Brazil Metaverse in Automotive Market
  8.4.2. Mexico Metaverse in Automotive Market
  8.4.3. Rest of Latin America Metaverse in Automotive Market
8.5. Middle East & Africa Metaverse in Automotive Market
  8.5.1. Saudi Arabia Metaverse in Automotive Market
  8.5.2. South Africa Metaverse in Automotive Market
  8.5.3. Rest of Middle East & Africa Metaverse in Automotive Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Unity Technologies
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. holoride GmbH
  9.3.3. Eccentric
  9.3.4. NVIDIA Corporation
  9.3.5. Stradvision
  9.3.6. Microsoft Corporation
  9.3.7. metadome.ai (Formerly Adloid)
  9.3.8. WayRay AG
  9.3.9. Varjo Technologies
  9.3.10. Roblox Corporation

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Metaverse in Automotive market, report scope
TABLE 2. Global Metaverse in Automotive market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Metaverse in Automotive market estimates & forecasts by Product 2022-2032 (USD Billion)
TABLE 4. Global Metaverse in Automotive market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Metaverse in Automotive market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 6. Global Metaverse in Automotive market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Metaverse in Automotive market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. U.S. Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Canada Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. U.K. Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Germany Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. France Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Spain Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Italy Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. China Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. India Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Japan Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Australia Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. South Korea Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Brazil Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. Mexico Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Saudi Arabia Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. South Africa Metaverse in Automotive market estimates & forecasts, 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable

List Of Figures

LIST OF FIGURES

FIG 1. Global Metaverse in Automotive market, research methodology
FIG 2. Global Metaverse in Automotive market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Metaverse in Automotive market, key trends 2023
FIG 5. Global Metaverse in Automotive market, growth prospects 2022-2032
FIG 6. Global Metaverse in Automotive market, porters 5 force model
FIG 7. Global Metaverse in Automotive market, PESTEL analysis
FIG 8. Global Metaverse in Automotive market, value chain analysis
FIG 9. Global Metaverse in Automotive market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Metaverse in Automotive market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Metaverse in Automotive market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Metaverse in Automotive market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Metaverse in Automotive market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Metaverse in Automotive market, regional snapshot 2022 & 2032
FIG 15. North America Metaverse in Automotive market 2022 & 2032 (USD Billion)
FIG 16. Europe Metaverse in Automotive market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Metaverse in Automotive market 2022 & 2032 (USD Billion)
FIG 18. Latin America Metaverse in Automotive market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Metaverse in Automotive market 2022 & 2032 (USD Billion)
FIG 20. Global Metaverse in Automotive market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable