DUBLIN, October 28, 2022 /PRNewswire/ — The “Global Metaverse Marketplace for Automotive Products (Software, Hardware), Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Noexpendable Symbolic (NFT, Blockchain), Feature, Application, and Region: Added “Forecast 2030” report to ResearchAndMarkets.com offering.

The global market for automotive metaverses is projected to grow by $1.9 billion in 2022 to $16.5 billion by 2030, at 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 researching…