Dublin, Oct 13, 2022 (GLOBE NEWSWIRE) — The “Global Metaverse Marketplace for Automotive Products (Software, Hardware), Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), no Token Fungible (NFT), Blockchain), Feature, Application, and Region: Added Forecast 2030” report to ResearchAndMarkets.com offering.

The global automotive metaverse market is projected to grow from $1.9 billion in 2022 to $16.5 billion in 2030, with a CAGR of 31.4%. The concept of digital factory twins and virtual showrooms in virtual space is all the rage among auto OEMs and dealers today and has sparked the growth of the automotive metaverse industry.

Many software companies and startups have developed AR/VR technologies and are still doing so…