Report cover image

North America Industrial Metaverse Market Size, Share & Trends Analysis Report By Component (Hardware, Software, and Services), By End Use, By Technology, By Application, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Feb 21, 2025
Length 135 Pages
SKU # KBV19639082

Description

The North America Industrial Metaverse Market would witness market growth of 35.0% CAGR during the forecast period (2024-2031).

The US market dominated the North America Industrial Metaverse Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $53,134 million by 2031. The Canada market is experiencing a CAGR of 37.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 36.8% during (2024 - 2031).

This represents the next frontier in digital transformation, combining technologies like augmented reality (AR), virtual reality (VR), Internet of Things (IoT), artificial intelligence (AI), and blockchain to create a shared, immersive virtual space for industrial applications. Unlike the consumer-driven metaverse, which focuses on social interactions and entertainment, the industrial metaverse centers on revolutionizing manufacturing, construction, supply chain, energy, and healthcare.

This is enhancing visibility and transparency in supply chain management. Companies can simulate supply chain processes, monitor inventory, and predict disruptions by creating immersive digital environments that reflect real-world operations. Real-time tracking of shipments using IoT sensors and blockchain technology to ensure authenticity.

In Canada, the projected 1 percent annual increase in electricity demand, largely driven by the industrial sector, presents a significant opportunity for the Industrial Metaverse to improve operational efficiency and energy management. With industrial energy demand expected to grow at 0.7 percent annually, Canadian producers will look to expand their generation capacity and optimize energy use. This can be crucial in this context, helping businesses monitor and simulate energy consumption through digital twins, smart grids, and real-time data analysis. Meanwhile, Mexico’s impressive growth in e-commerce and its position as one of the top five countries in global e-commerce retail growth provide a unique opportunity to expand this in logistics and retail industries. With 63 million Mexicans using e-commerce in 2022—an increase of 5.5 million over the previous year—the logistics and supply chain sectors are under growing pressure to adapt to the increasing demand for fast, efficient delivery systems. Hence, Canada and Mexico’s strategic investments in energy and e-commerce, respectively, provide fertile ground for the market's growth.

Based on Component, the market is segmented into Hardware, Software, and Services. Based on End Use, the market is segmented into Manufacturing, Automotive, Energy & utilities, Healthcare, Logistics & Transportation, and Other End Use. Based on Technology, the market is segmented into Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). Based on Application, the market is segmented into Data Visualization & Analytics, Training & Simulation, Product Design & Development, Virtual Prototyping, Remote Collaboration, Maintenance & Repair, and Supply Chain Optimization. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Bentley Systems, Inc.
  • Dassault Systemes SE
  • HTC Corporation
  • Magic Leap, Inc.
  • Microsoft Corporation
  • NVIDIA Corporation
  • PTC Inc.
  • Siemens AG
  • Swanson Health Products, Inc.(Swander Pace Capital)
  • Unity Software Inc.
North America Industrial Metaverse Market Report Segmentation

By Component
  • Hardware
  • Software
  • Services
By End Use
  • Manufacturing
  • Automotive
  • Energy & utilities
  • Healthcare
  • Logistics & Transportation
  • Other End Use
By Technology
  • Virtual Reality (VR)
  • Augmented Reality (AR)
  • Mixed Reality (MR)
By Application
  • Data Visualization & Analytics
  • Training & Simulation
  • Product Design & Development
  • Virtual Prototyping
  • Remote Collaboration
  • Maintenance & Repair
  • Supply Chain Optimization
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

135 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Metaverse Market, by Component
1.4.2 North America Industrial Metaverse Market, by End Use
1.4.3 North America Industrial Metaverse Market, by Technology
1.4.4 North America Industrial Metaverse Market, by Application
1.4.5 North America Industrial Metaverse Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Industrial Metaverse Market.
Chapter 5. North America Industrial Metaverse Market by Component
5.1 North America Hardware Market by Region
5.2 North America Software Market by Region
5.3 North America Services Market by Region
Chapter 6. North America Industrial Metaverse Market by End Use
6.1 North America Manufacturing Market by Country
6.2 North America Automotive Market by Country
6.3 North America Energy & utilities Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Logistics & Transportation Market by Country
6.6 North America Other End Use Market by Country
Chapter 7. North America Industrial Metaverse Market by Technology
7.1 North America Virtual Reality (VR) Market by Country
7.2 North America Augmented Reality (AR) Market by Country
7.3 North America Mixed Reality (MR) Market by Country
Chapter 8. North America Industrial Metaverse Market by Application
8.1 North America Data Visualization & Analytics Market by Country
8.2 North America Training & Simulation Market by Country
8.3 North America Product Design & Development Market by Country
8.4 North America Virtual Prototyping Market by Country
8.5 North America Remote Collaboration Market by Country
8.6 North America Maintenance & Repair Market by Country
8.7 North America Supply Chain Optimization Market by Country
Chapter 9. North America Industrial Metaverse Market by Country
9.1 US Industrial Metaverse Market
9.1.1 US Industrial Metaverse Market by Component
9.1.2 US Industrial Metaverse Market by End Use
9.1.3 US Industrial Metaverse Market by Technology
9.1.4 US Industrial Metaverse Market by Application
9.2 Canada Industrial Metaverse Market
9.2.1 Canada Industrial Metaverse Market by Component
9.2.2 Canada Industrial Metaverse Market by End Use
9.2.3 Canada Industrial Metaverse Market by Technology
9.2.4 Canada Industrial Metaverse Market by Application
9.3 Mexico Industrial Metaverse Market
9.3.1 Mexico Industrial Metaverse Market by Component
9.3.2 Mexico Industrial Metaverse Market by End Use
9.3.3 Mexico Industrial Metaverse Market by Technology
9.3.4 Mexico Industrial Metaverse Market by Application
9.4 Rest of North America Industrial Metaverse Market
9.4.1 Rest of North America Industrial Metaverse Market by Component
9.4.2 Rest of North America Industrial Metaverse Market by End Use
9.4.3 Rest of North America Industrial Metaverse Market by Technology
9.4.4 Rest of North America Industrial Metaverse Market by Application
Chapter 10. Company Profiles
10.1 Bentley Systems, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Dassault Systemes SE
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 HTC Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Research & Development Expenses
10.3.4 SWOT Analysis
10.4 Magic Leap, Inc.
10.4.1 Company Overview
10.4.2 Recent strategies and developments:
10.4.2.1 Partnerships, Collaborations, and Agreements:
10.4.3 SWOT Analysis
10.5 Microsoft Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Acquisition and Mergers:
10.5.5.3 Geographical Expansions:
10.5.6 SWOT Analysis
10.6 NVIDIA Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 PTC, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 Siemens AG
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 Swanson Health Products, Inc. (Swander Pace Capital)
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Unity Software, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us