Decrypting the role of Metaverse in the future of retail industry
JULY 20, 2023
Published by M.Rahul ,
5 min read
The buzz around the metaverse has hit a feverish pitch. Today brands test factory scenarios through simulations and transform their production processes with 3D digital twins. Notably, the manufacturing industry is not far from adopting this revolutionary trend. With the tremendous potential to redefine engineering processes, investments in the industrial metaverse will increase.
The market share of metaverse in manufacturing will increase from $12.93 billion in 2021 to $24.41 billion by 2030. It will grow at a yearly rate of 38.6%. Metaverse will play a significant role in production processes, quality control, and supply chain management. Companies can move forward in their digital transformation journey with Augmented Reality Solutions for manufacturing.
The industrial metaverse will involve the creation of digital twins for processes and physical objects. AR VR in manufacturing will create an immersive experience for employees working with auxiliary installations. Virtual Reality (VR) headsets are apt for operating machines. It will mimic an on-site factory setting. In the long run, virtual problem-solving will optimise a plant’s operations.
Digital Manufacturing Plants - Metaverse can increase manufacturers' operational efficiency. It can integrate with day-to-day processes by creating a digital twin of a physical factory. Hence, a virtual plant in the metaverse will integrate the digital world with the real world. It offers benefits like reducing planning time, creating a minimal-risk environment, and efficient cross-regional collaboration. The metaverse will capture real-time data from the plant's operations and streamline processes. Eventually, plant managers can sort out issues without visiting the factory, as they can access 3D visualization of the floor.
Novac Immerz can create virtual factories that simulate actual production lines. Assets can be easily dragged and dropped without the need for any physical testing. Factory owners can easily design and develop their products in a simulated environment.
VR-based training programs - Virtual Reality (VR) can integrate with hands-on training programs in industrial plants. Workers can operate different units, move around a plant, and promptly minimise risk by responding to emergencies. VR offers an immersive learning experience when compared to classroom training. It is also cost-effective, decreases the skills gap, and reduces the chances of errors when workers start functioning in the field.
Therefore, it is profitable to run a factory in the metaverse. Workers will get real-time access to data about operational processes. They can closely monitor performance, spot issues related to machine management, and repair problems remotely.
Ultimately, VR-based training programs result in fewer injuries, better performance, and also save travel time. Operational managers can determine proper standards for safety and compliance. VR-powered training simulators will prepare workers to use real equipment in a short time. They will get first-hand experience with essential processes before beginning the actual work.
Virtual Reality will create an immersive environment based on simulations. It can integrate with different aspects like floor planning, product designing, equipment inspection and maintenance, and safety training.
Novac Immerz offers virtual training solutions. Workers can observe the functioning of different machines after entering a real-time simulation of the production facility.
Virtual Factory Planning - AR VR in manufacturing industry will enable better interaction between workers in a factory. The metaverse will allow the integration of digital twins of equipment with virtual spaces. A 3D representation of each piece of equipment/ machinery is created. This is viewable a Virtual Reality (VR) environment.
Novac Immerz uses Computer Generated Imagery (CGI) to create high-end 3D visualisations of factories. Our team can create digital prototypes of factory floors, walkways, and workstations. Manufacturers can explore the virtual space before the construction of a physical plant.
Factories integrated into the metaverse will have a competitive advantage. Operations managers can conduct plant tours remotely by appearing as a hologram. Workers will use Augmented Reality to perform their daily jobs. Augmented Reality solutions for manufacturing are applicable in different industries like automotive, aerospace, defence, and electronics.
Labourers receive digital work instructions in advance. It reduces the error rate and improves productivity. Augmented Reality (AR) technology is accessible through tablets, wearables like glasses and headsets, and projectors. Success will depend on the efficient collaboration between humans and machines. Lifelike simulations will help workers to visualise digital elements. Instant object recognition will augment the manufacturing process.
Virtual Reality (VR) helps to reduce the production time of goods. Designers can simulate their prototype beforehand and remove errors during the initial stage. Plant managers can utilise VR for analysing assembly line configurations. They can create virtual plants and place personnel, equipment, and tools in appropriate positions. Workers will perform tasks, and evaluation happens before mass production commences in the physical world.
Above all, AR VR in manufacturing industry will offer benefits like improved worker safety, reduced accident rates, real-time data access, better quality of goods, and enhanced technical support.
As seen above, the metaverse has immense potential to make inroads in the manufacturing industry. Novac Immerz offers various solutions to enable enterprises to make the most of immersive technologies. We specialise in responsive manufacturing, remote asset management, and industrial automation.
Our immersive solutions are designing virtual 3D models, prototype development, creation of virtual assembly lines, industrial maintenance, emergency response training, creation of virtual showrooms, and equipment maintenance.
Metaverse is heralding a new era of manufacturing. It will align with production scheduling, the guidance of workers on factory floors, the creation of digital twins, quality control, and remote collaboration. The industrial metaverse will surpass a revenue of $540 billion by 2025.
Eager to spearhead the next iteration of the Internet? Chat with our knowledgeable team now, simulate your production processes, and create real value in the virtual world.