Despite the technological advancements, the manufacturing industry is still complex. As digital transformation accelerates, the need for high-tech adoption like industrial metaversegets heightened.
The global manufacturing market will rise to $117.7 billion by 2025. (BCC Research)
Unless the manufacturing sector ride on the latest technologies, the predicted market growth will remain unattainable.
And right now, is there any other technology going more hype than the metaverse?
The industrial metaverse seems the next significant shift in the manufacturing industry worldwide.
After metaverse education and video games, industries are embracing metaverse technology one by one.
The manufacturing industry is no exception to that.
The concept of metaverse land is a souped-up version of immersive technologies, AR, VR, and MR. It is in a nascent stage. But, if you peel off the layers around the hype, you will see some substantial application possibilities for the manufacturing industry. You can read more about how to purchase land in metaverse?
Moreover, the scopes around manufacturing metaverse are still in the balance. Industrialists are expecting that the opportunities will come to the fore soon. As the world is shifting toward the third quarter of 2022, metaverse will surely take new forms. Amid all these, it seems clear that the industrial metaverse is taking a great leap forward.
The Relevance of Industrial Metaverse In the Manufacturing Industry
- The modern manufacturing business is undoubtedly a cluster of complicated processes along with critical supply chain management.
- Moreover, the business strategies for different manufacturing niches vary from one another based on labor costs, inventory control, production pace, Etc.
- Manufacturers need to
- Optimize their production and products as per the market forecasts.
- Manage custom-built heavy equipment.
- Align product design and production with customer requirements.
- Furthermore, production design has systematic risks, like minor mistakes in facility layout. This little mistake will lead to flawed product manufacturing, costing businesses millions and causing customer dissatisfaction.
- In terms of pushing the manufacturing process to an advanced level, manufacturers must overcome their business pain points. And it will only happen if manufacturers consider embracing digital operations.
Amid this turmoil, the industrial metaverse comes forth.
- The metaverse digital twin of industrial and manufacturing systems enables manufacturers to create the 3D virtual representation of their plants and facilities.
- Secondly, industrial metaverse applications allow businesses to harvest data from business processes, analyze it, consolidate it and apply it across their supply chains.
- Moreover, manufacturing metaverse is a vital step toward the future of IoT and IIoT usage for manufacturers and their customers.
How Can Manufacturers Leverage Industrial Metaverse?
The global metaverse market will hit $1,527.55 billion by 2029. (Fortune Business Insights)
The industrial metaverse holds vast potential for metamorphosing and enhancing the manufacturing industry.
It impacts the manufacturing sector in the following ways:
Hassle-Free Employee Training
Manufacturing companies must train their employees regarding the use and maintenance of equipment.
Physical training can turn hazardous sometimes.
- Virtual training in the metaverse space seems more effective and safer for employees than real-world encounters with manufacturing equipment.
- Moreover, manufacturers can combine Data Science and spatial design with VR training solutions. It will, for sure, enhance the employees’ learning experiences.
- An age-old saying goes like this: students or trainers learn from mistakes. However, even a tiny mistake can become dangerous within a manufacturing training space.
- Trainees also get the benefit of being able to make mistakes in an industrial metaverse training environment without real-world consequences. Learning how to manage the new equipment will never seem perilous.
- For example, it was expensive and time-consuming to provide adequate training to JetBlue technicians. So the company deployed a VR solution partnering with Strivr. The program now helps technicians to learn about planes within a virtually simulated safe environment.
- For another example, Verizon deploys Strivr VR training programs to train retail employees about how to react to a store robbery scenario.
Leveraging Automation and Integrating Technologies
- Metaverse 3D simulations allow manufacturers to analyze and test countless potent factory outcomes to make predictions about upscaling and downscaling.
- Additionally, metaverse simulation also enables manufacturers to polish up their quality control, streamlining their inventory and logistics.
- Manufacturing metaverse also allows companies to create a 3D virtual copy of the plant to boost their employees’ collaboration and decision-making abilities.
It does not end here.
- Metaverse manufacturing approach aid organizations in reducing their downtime, increasing safety, and optimizing workflow simultaneously.
Product Improvement Before Physically Deployed
- A new part of metaverse technology has popped up on the surface: Digital Twin.
- Like the name, the digital twin represents the virtual replica of all the components of a place or product.
- Manufacturers can utilize the digital twin concept to compare a product’s design with its produced physical version.
- Because of the product’s digital twin, designers and developers can quickly discover the flaws in the product design. They can immediately tweak the design and make the product flawless.
- Hence, a digital twin is the better version of virtual prototyping.
- For example, BMW has been utilizing the 3D simulation for almost six months to design and develop virtual cars on a one-to-one scale within the metaverse. The experiment allows them to fine-tune their design and improve the quality before deploying the final layout for the factory.
- It is clear that virtual simulation enhances the level of understanding, employee training, and product quality all at once.
Employee Collaboration In A Virtual Metaverse Design Space
- Many manufacturing organizations struggle with the lack of collaboration between the design and development departments.
- Industrial metaverse has brought design and development teams closer, boosting collaboration between them.
- Designers can even collaborate remotely from any corner of the world, attend metaverse meetings and discuss product improvements.
The industrial metaverse is undeniably the next giant technological leap in the manufacturing sector. The manufacturing metaverse ensures to take digital transformation and Industry 4.0 to a new level.
Metaverse in education has already become a hit undoubtedly.
Metaverse in the education market will hit $32.39 billion by 2028. (Vantage Market Research)
But, metaverse in manufacturing is also now a rapidly growing phenomenon. From improving production and business efficiency, to cost reduction, it helps manufacturers achieve better results.
Edverse can give you a deep insight into metaverse possibilities including education metaverse and industrial metaverse.