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(Source: EU Automation)

(Source: EU Automation)

Manufacturing In Metaverse

The metaverse is coming, how are traditional hardware manufacturers dealing with it?

Contributed by John Young, APAC sales director of automation parts supplier EU Automation

The metaverse is a concept still in its infancy, with companies currently racing to place their flag in virtual space. The term conjures images of avatars and virtual worlds, due in no small part to Meta’s vision for the metaverse. However, the industrial sector can never be fully virtual and will benefit from technologies that link to the real world.

The metaverse market reached a value of 47.69 billion USD in 2020 and is expected to grow at a compound annual rate of 43.3 per cent by 2028, according to Emergen Research. It is no doubt then that manufacturers are starting to realise its potential, with efforts towards an industrial metaverse now picking up at pace.

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