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Impact of the Metaverse on the Automotive Industry - Thematic Intelligence

Publisher GlobalData
Published Mar 30, 2023
Length 63 Pages
SKU # GBDT17909330

Description

Impact of the Metaverse on the Automotive Industry - Thematic Intelligence


Summary

By 2030, the metaverse will be a $626.5 billion opportunity, according to GlobalData. Although the impact of the metaverse on the automotive industry is minor so far, this technology promises to make digital media experiences more immersive, inclusive, and accessible than today. When fully self-driving vehicles arrive - around 2035, according to GlobalData forecasts – AR and the metaverse will play a significant role in onboard information and entertainment systems. Overlaying content over the outside world or repurposing car windows to display a different world entirely will transform the in-car experience. The metaverse will allow consumers to test drive vehicles, enhancing automotive sales and empowering consumer choice.

Key Highlights

Technologies like AR and VR will also be pivotal for vehicle safety training and testing. By simulating real-world conditions in a virtual space, drivers will be able to practice skills without any of the associated risks. Likewise, original equipment manufacturers (OEMs) will be able to simulate vehicle driving tests with primary driver data, with none of the associated safety risks that testing on roads could incur. Real-time digital twins in the metaverse can be used to design, simulate, and optimize new vehicle models, equipment, and manufacturing processes. It can also ensure faster training of automotive staff and create more immersive experiences.

Scope
  • The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. It brings together a range of next-generation technologies from cloud computing to artificial intelligence (AI), blockchain, cryptocurrencies, cybersecurity, the Internet of Things (IoT), virtual reality (VR), augmented reality (AR), digital twins, and adtech. While still largely conceptual, the metaverse could transform how people work, shop, communicate, and consume content.
Reasons to Buy
  • Understand the impact of the metaverse theme for the automotive sector.
  • Access the latest data on the metaverse theme within the automotive sector.
  • Identify the leading digital transformation efforts from automotive companies through investment into the metaverse theme.
  • Access case study insights on leading players within the metaverse theme.

Table of Contents

63 Pages
Executive Summary
The Metaverse Value Chain
Key players in the metaverse value chain
Foundation layer
Semiconductors
Components
Connectivity
Data management
Blockchain
Tools layer
3D engines
Artificial intelligence
Visualization engines
Payment platforms
Adtech
User interface layer
Experience layer
Automotive Challenges
The Impact of the Metaverse on Automotive
How the metaverse helps resolve the challenge of ESG issues
How the metaverse helps resolve the challenge of CASE megatrends
How the metaverse helps resolve the challenge of labor shortages
How the metaverse helps resolve the challenge of market saturation
How the metaverse helps resolve the challenge of Tesla’s disruptive profile
Case Studies
BMW harness Nvidia’s Omniverse to build factories for the future
Volvo’s driver-in-the-loop simulator improves the safety of vehicle testing
Renault uses digital twins in its industrial metaverse to design cars
Hyundai Mobility Adventure
Holoride enhances in-vehicle experiences
Data Analysis
Market size and growth forecasts
Mergers and acquisitions
Patent trends
Company filings trends
Hiring trends
Metaverse timeline
Companies
Leading metaverse adopters in automotive
Leading metaverse vendors
Specialist metaverse vendors in automotive
Sector Scorecard
Vehicle manufacturing sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Key challenges facing the automotive sector
Table 2: Mergers and acquisitions
Table 3: Leading metaverse adopters in automotive
Table 4: Leading metaverse vendors
Table 5: Specialist metaverse vendors in automotive
Table 6: Glossary
Table 7: GlobalData reports
List of Figures
Figure 1: Key players in the metaverse value chain
Figure 2: The metaverse value chain
Figure 3: The metaverse value chain - Foundation layer: semiconductors
Figure 4: The metaverse value chain - Foundation layer: components
Figure 5: The metaverse value chain - Foundation layer: connectivity
Figure 6: The metaverse value chain - Foundation layer: data management
Figure 7: The metaverse value chain - Foundation layer: blockchain
Figure 8: The metaverse value chain - Tools layer: 3D engines
Figure 9: The metaverse value chain - Tools layer: artificial intelligence
Figure 10: The metaverse value chain - Tools layer: visualization engines
Figure 11: The metaverse value chain - Tools layer: payment platforms
Figure 12: The metaverse value chain - Tools layer: adtech
Figure 13: The metaverse value chain - User interface layer
Figure 14: The metaverse value chain - Experience layer
Figure 15: Trending hashtags among leading automotive influencers
Figure 16: 2022 saw sustained interest around AR, a metaverse-related technology
Figure 17: Thematic impact assessment
Figure 18: BMW using Nvidia’s Omniverse
Figure 19: Volvo’s driver-in-the-loop simulator
Figure 20: Renault’s in8dustrial metaverse
Figure 21: Hyundai Mobility Adventure
Figure 22: Holoride’s in-vehicle platform
Figure 23: The metaverse will generate $627 billion in revenue in 2030
Figure 24: Metaverse innovation for the automotive industry is still in its infancy
Figure 25: Autonomous vehicles are driving automotive innovation in the metaverse
Figure 26: The metaverse featured strongly in company filings in 2022
Figure 27: Automotive companies hired 1532 metaverse-related employees over from 2020 to 2022
Figure 28: The metaverse story
Figure 29: Who does what in the vehicle manufacturing space?
Figure 30: Thematic screen
Figure 31: Valuation screen
Figure 32: Risk screen
Figure 33: Our five-step approach for generating a sector scorecard

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