Industrial Metaverse Gains Momentum Across Industries, Reveals GlobalData

The industrial metaverse is rapidly becoming a focal point for businesses aiming to optimize processes, enhance efficiency, lower costs, and promote sustainability. This growing interest in industrial metaverse is reflected in recent company filings and strategic collaborations, according to Company Filing Analytics Database GlobalData.

industrial metaverse
@ Microsoft

Misa Singh, Business Fundamentals Analyst at GlobalData, said: “Companies recognize the potential of the industrial metaverse. When we deep dive into the filing documents, it is evident that some companies are already at the center of this work while others have defined roadmaps. Meanwhile, some tech giants are working in collaboration with others.”

A notable example is Siemens AG, which is collaborating with NVIDIA on integrating industrial metaverse and digital twin technologies to optimize CO2 emissions, enhance production design, and reduce energy, water, and raw material consumption.

NVIDIA has introduced new GPUs based on the NVIDIA RTX Ada Lovelace architecture and the NVIDIA Omniverse Cloud, a fully managed service in Microsoft Azure, for industrial metaverse application development and deployment.

Hexagon AB has partnered with Microsoft as its open-platform cloud and technology partner for the industrial metaverse. The Stockholm-based company is utilizing Microsoft’s AI product offerings and document management capabilities, along with NVIDIA-assisted software platforms, to create an interconnected industrial metaverse.

Renault SA, in its 2024 filings, highlighted that the industrial metaverse has reduced production costs per vehicle by 30 percent for thermal vehicles and 50 percent for electric vehicles through 2027. The automaker believes that the industrial metaverse will accelerate its competitive advantage, transform vehicle production, and facilitate the introduction of new models.

Telia Co AB and Valmet Automotive conducted a pilot project using lidar technology to create a virtual world of Valmet’s Innovation Center. This enabled global experts to collaborate in real-time using VR glasses, showcasing the potential of the industrial metaverse in automotive manufacturing.

As businesses navigate the digital landscape, the industrial metaverse is driving innovation and efficiency through the adoption of AI, AR, VR, and digital twin technologies. This trend is also reflected in the job market, with companies actively hiring for roles that support these technologies.

Sherla Sriprada, Business Fundamentals Analyst at GlobalData, noted: “Industrial metaverse is gaining traction as companies see its potential to offer benefits in the form of enhanced operational efficiency. The growing significance of industrial metaverse among businesses is also evident from the fact that it has been gaining prominence in the discussions of companies. It also reflects in the hiring activity of some tech giants.”

Job postings in industrial metaverse

Microsoft is hiring an “Account Technology Strategist” to lead customers into the era of AI and the industrial metaverse, tailoring approaches to current business needs and plotting technology roadmaps.

NVIDIA seeks a “New Business Development Lead, Industrial Manufacturing – UK” to drive HPC, AI, deep learning, and industrial metaverse adoption through strategic relationships and go-to-market strategies.

Siemens has a “Technology Professional” role focused on creating 3D models for industrial applications, leveraging experience in gaming, VFX, movies, or animations.

Dyson is looking for a “Senior Digital Solutions Engineer” to develop integrations between in-house data platforms and the industrial metaverse, enhancing connectivity and visualization.

Hitachi Energy offers a “Metaverse Design Intern, IoT Edge Laboratory” role for creating visual representations and designs to promote industrial metaverse technical solutions.

Schaeffler is hiring a “VR/AR Solution Architect – Industrial 3D factory planning” to implement AI and ML models for process optimization within the metaverse.

As the industrial metaverse continues to evolve, businesses are poised to capitalize on its transformative potential, driving innovation and operational excellence in various sectors.

Baburajan Kizhakedath

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