[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Digital Twin Industry Research Report 2024

April 2024 | 123 pages | ID: D292FB51949BEN
APO Research

US$ 2,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.

Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.

According to APO Research, The global Digital Twin market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Digital Twin key players include General Electric, PTC, Siemens etc. Global top 3 manufacturers hold a share about 58%. North America is the largest market, with a share about 51%, followed by Europe, have a share over 40 percent.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Digital Twin, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Twin.

The Digital Twin market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Twin market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • General Electric
  • PTC
  • Siemens
  • Dassault Syst?mes
  • IBM Corporation
  • ANSYS
  • Microsoft Corporation
  • Oracle Corporation
  • Accenture (Mackevision)
  • SAP
  • AVEVA Group
Digital Twin segment by Type
  • Parts Twin
  • Product Twin
  • Process Twin
  • System Twin
Digital Twin Segment by Application
  • Aerospace and Defense
  • Automotive and Transportation
  • Machine Manufacturing
  • Energy and Utilities
  • Others
Digital Twin Segment by Region
  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Nordic Countries
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Digital Twin market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Digital Twin and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Digital Twin.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Digital Twin companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

Chapter 13: The main points and conclusions of the report.
1 PREFACE

1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
  1.5.1 Secondary Sources
  1.5.2 Primary Sources

2 MARKET OVERVIEW

2.1 Product Definition
2.2 Digital Twin by Type
  2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
  2.2.2 Parts Twin
  2.2.3 Product Twin
  2.2.4 Process Twin
  2.2.5 System Twin
2.3 Digital Twin by Application
  2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
  2.3.2 Aerospace and Defense
  2.3.3 Automotive and Transportation
  2.3.4 Machine Manufacturing
  2.3.5 Energy and Utilities
  2.3.6 Others
2.4 Assumptions and Limitations

3 DIGITAL TWIN BREAKDOWN DATA BY TYPE

3.1 Global Digital Twin Historic Market Size by Type (2019-2024)
3.2 Global Digital Twin Forecasted Market Size by Type (2025-2030)

4 DIGITAL TWIN BREAKDOWN DATA BY APPLICATION

4.1 Global Digital Twin Historic Market Size by Application (2019-2024)
4.2 Global Digital Twin Forecasted Market Size by Application (2019-2024)

5 GLOBAL GROWTH TRENDS

5.1 Global Digital Twin Market Perspective (2019-2030)
5.2 Global Digital Twin Growth Trends by Region
  5.2.1 Global Digital Twin Market Size by Region: 2019 VS 2023 VS 2030
  5.2.2 Digital Twin Historic Market Size by Region (2019-2024)
  5.2.3 Digital Twin Forecasted Market Size by Region (2025-2030)
5.3 Digital Twin Market Dynamics
  5.3.1 Digital Twin Industry Trends
  5.3.2 Digital Twin Market Drivers
  5.3.3 Digital Twin Market Challenges
  5.3.4 Digital Twin Market Restraints

6 MARKET COMPETITIVE LANDSCAPE BY PLAYERS

6.1 Global Top Digital Twin Players by Revenue
  6.1.1 Global Top Digital Twin Players by Revenue (2019-2024)
  6.1.2 Global Digital Twin Revenue Market Share by Players (2019-2024)
6.2 Global Digital Twin Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Digital Twin Head office and Area Served
6.4 Global Digital Twin Players, Product Type & Application
6.5 Global Digital Twin Players, Date of Enter into This Industry
6.6 Global Digital Twin Market CR5 and HHI
6.7 Global Players Mergers & Acquisition

7 NORTH AMERICA

7.1 North America Digital Twin Market Size (2019-2030)
7.2 North America Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Digital Twin Market Size by Country (2019-2024)
7.4 North America Digital Twin Market Size by Country (2025-2030)
7.5 United States
7.6 Canada

8 EUROPE

8.1 Europe Digital Twin Market Size (2019-2030)
8.2 Europe Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Digital Twin Market Size by Country (2019-2024)
8.4 Europe Digital Twin Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries

9 ASIA-PACIFIC

9.1 Asia-Pacific Digital Twin Market Size (2019-2030)
9.2 Asia-Pacific Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Digital Twin Market Size by Country (2019-2024)
9.4 Asia-Pacific Digital Twin Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia

10 LATIN AMERICA

10.1 Latin America Digital Twin Market Size (2019-2030)
10.2 Latin America Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Digital Twin Market Size by Country (2019-2024)
10.4 Latin America Digital Twin Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Digital Twin Market Size (2019-2030)
11.2 Middle East & Africa Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Digital Twin Market Size by Country (2019-2024)
11.4 Middle East & Africa Digital Twin Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE

12 PLAYERS PROFILED

12.1 General Electric
  12.1.1 General Electric Company Information
  12.1.2 General Electric Business Overview
  12.1.3 General Electric Revenue in Digital Twin Business (2019-2024)
  12.1.4 General Electric Digital Twin Product Portfolio
  12.1.5 General Electric Recent Developments
12.2 PTC
  12.2.1 PTC Company Information
  12.2.2 PTC Business Overview
  12.2.3 PTC Revenue in Digital Twin Business (2019-2024)
  12.2.4 PTC Digital Twin Product Portfolio
  12.2.5 PTC Recent Developments
12.3 Siemens
  12.3.1 Siemens Company Information
  12.3.2 Siemens Business Overview
  12.3.3 Siemens Revenue in Digital Twin Business (2019-2024)
  12.3.4 Siemens Digital Twin Product Portfolio
  12.3.5 Siemens Recent Developments
12.4 Dassault Syst?mes
  12.4.1 Dassault Syst?mes Company Information
  12.4.2 Dassault Syst?mes Business Overview
  12.4.3 Dassault Syst?mes Revenue in Digital Twin Business (2019-2024)
  12.4.4 Dassault Syst?mes Digital Twin Product Portfolio
  12.4.5 Dassault Syst?mes Recent Developments
12.5 IBM Corporation
  12.5.1 IBM Corporation Company Information
  12.5.2 IBM Corporation Business Overview
  12.5.3 IBM Corporation Revenue in Digital Twin Business (2019-2024)
  12.5.4 IBM Corporation Digital Twin Product Portfolio
  12.5.5 IBM Corporation Recent Developments
12.6 ANSYS
  12.6.1 ANSYS Company Information
  12.6.2 ANSYS Business Overview
  12.6.3 ANSYS Revenue in Digital Twin Business (2019-2024)
  12.6.4 ANSYS Digital Twin Product Portfolio
  12.6.5 ANSYS Recent Developments
12.7 Microsoft Corporation
  12.7.1 Microsoft Corporation Company Information
  12.7.2 Microsoft Corporation Business Overview
  12.7.3 Microsoft Corporation Revenue in Digital Twin Business (2019-2024)
  12.7.4 Microsoft Corporation Digital Twin Product Portfolio
  12.7.5 Microsoft Corporation Recent Developments
12.8 Oracle Corporation
  12.8.1 Oracle Corporation Company Information
  12.8.2 Oracle Corporation Business Overview
  12.8.3 Oracle Corporation Revenue in Digital Twin Business (2019-2024)
  12.8.4 Oracle Corporation Digital Twin Product Portfolio
  12.8.5 Oracle Corporation Recent Developments
12.9 Accenture (Mackevision)
  12.9.1 Accenture (Mackevision) Company Information
  12.9.2 Accenture (Mackevision) Business Overview
  12.9.3 Accenture (Mackevision) Revenue in Digital Twin Business (2019-2024)
  12.9.4 Accenture (Mackevision) Digital Twin Product Portfolio
  12.9.5 Accenture (Mackevision) Recent Developments
12.10 SAP
  12.10.1 SAP Company Information
  12.10.2 SAP Business Overview
  12.10.3 SAP Revenue in Digital Twin Business (2019-2024)
  12.10.4 SAP Digital Twin Product Portfolio
  12.10.5 SAP Recent Developments
12.11 AVEVA Group
  12.11.1 AVEVA Group Company Information
  12.11.2 AVEVA Group Business Overview
  12.11.3 AVEVA Group Revenue in Digital Twin Business (2019-2024)
  12.11.4 AVEVA Group Digital Twin Product Portfolio
  12.11.5 AVEVA Group Recent Developments

13 REPORT CONCLUSION

14 DISCLAIMER



More Publications