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The Industrial Metaverse is a world, which is always on. Where real machines and factories, buildings and cities, grids and transportation systems are mirrored in the virtual world. Why is this so important? In a digital environment, problems can be found, analysed, and fixed quickly – or better yet, discovered before they arise. And all of this will happen in a world enabling a whole new level of collaboration. Where people can break the barriers of distance and work together across countries and continents as if they were together in the very same room, in front of the very same machines or objects.
Where everyone can try out new ideas easily and quickly – and where innovation takes off. The Metaverse is where virtual reality supports people who are working hands-on, on site. A virtual realm where we can travel into the past and even into the future to understand problems and processes better and find optimal solutions.
The Global industrial metaverse market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Siemens is also laying the groundwork for the industrial metaverse to improve production procedures. Siemens’ digital twin technology has been assisting businesses to increase productivity, efficiency, and sustainability. By allowing the industrial metaverse—photorealistic, physics-based digital twins that let people engage and work together to solve real-world problems—Siemens is now pushing technology even further.
The integration of the Siemens Xcelerator and NVIDIA Omniverse platforms by Siemens and NVIDIA will enable manufacturing and product designers to develop digital twins that are fully functional and reflect full design accuracy.
One of the biggest automakers, BMW Group, is already creating digital twins to evaluate the design of its manufacturing facilities and increase productivity.BMW has no. of plants worldwide that make automobiles. BMW’s global teams employ digital twins to work together in real time, in a single virtual space, to increase the productivity and efficiency of its plants. This enables them to design and plan the factories in 3D, and everyone can see the changes and updates right away in industrial metaverse. In simulations, digital people can also be utilised to try out new procedures for worker ergonomics.