Metaverse In Automotive to Reach $27.18 billion, Globally, by 2032 at 29.9% CAGR
The growth of the global metaverse in automotive market is driven by the surge in focus on leveraging the metaverse for marketing campaigns, increase in demand for modern vehicle shopping experiences with immersive virtual showrooms, growing demand for intuitive metaverse design for product development and manufacturing.
PORTLAND, Ore., Oct. 13, 2023 /PRNewswire/ — Allied Market Research published a report, titled, "Metaverse in Automotive Market by product (Hardware, Software), Technology (Virtual Reality, Augmented Reality, Mixed Reality), and Application (Simulation, Testing and Designing, Advertising, Online Car Purchasing): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global metaverse in automotive market generated $2.18 billion in 2022, and is anticipated to generate $27.18 billion by 2032, witnessing a CAGR of 29.9% from 2023 to 2032.
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