Digital Twin Market, Global Outlook and Forecast 2022-2028

April 2022 | 69 pages | ID: D88A3BD77AC1EN
Market Monitor Global

Abstracts

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.

This report contains market size and forecasts of Digital Twin in Global, including the following market information:

Global Digital Twin Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Digital Twin market was valued at 1826.4 million in 2021 and is projected to reach US$ 4052.3 million by 2028, at a CAGR of 12.1% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

System Twin Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Digital Twin include General Electric, PTC, Siemens, Dassault Syst?mes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digital Twin companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Digital Twin Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Digital Twin Market Segment Percentages, by Type, 2021 (%)

• System Twin
• Process Twin
• Asset Twin

Global Digital Twin Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Digital Twin Market Segment Percentages, by Application, 2021 (%)

• Aerospace and Defense
• Automotive and Transportation
• Machine Manufacturing
• Energy and Utilities
• Others

Global Digital Twin Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Digital Twin Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Digital Twin revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Digital Twin revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• General Electric
• PTC
• Siemens
• Dassault Syst?mes
• IBM Corporation
• ANSYS
• Microsoft Corporation
• Oracle Corporation
• Accenture (Mackevision)
• SAP
• AVEVA Group

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Digital Twin Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Digital Twin Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL DIGITAL TWIN OVERALL MARKET SIZE

2.1 Global Digital Twin Market Size: 2021 VS 2028
2.2 Global Digital Twin Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Digital Twin Players in Global Market
3.2 Top Global Digital Twin Companies Ranked by Revenue
3.3 Global Digital Twin Revenue by Companies
3.4 Top 3 and Top 5 Digital Twin Companies in Global Market, by Revenue in 2021
3.5 Global Companies Digital Twin Product Type
3.6 Tier 1, Tier 2 and Tier 3 Digital Twin Players in Global Market
  3.6.1 List of Global Tier 1 Digital Twin Companies
  3.6.2 List of Global Tier 2 and Tier 3 Digital Twin Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Digital Twin Market Size Markets, 2021 & 2028
  4.1.2 System Twin
  4.1.3 Process Twin
  4.1.4 Asset Twin
4.2 By Type - Global Digital Twin Revenue & Forecasts
  4.2.1 By Type - Global Digital Twin Revenue, 2017-2022
  4.2.2 By Type - Global Digital Twin Revenue, 2023-2028
  4.2.3 By Type - Global Digital Twin Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Digital Twin Market Size, 2021 & 2028
  5.1.2 Aerospace and Defense
  5.1.3 Automotive and Transportation
  5.1.4 Machine Manufacturing
  5.1.5 Energy and Utilities
  5.1.6 Others
5.2 By Application - Global Digital Twin Revenue & Forecasts
  5.2.1 By Application - Global Digital Twin Revenue, 2017-2022
  5.2.2 By Application - Global Digital Twin Revenue, 2023-2028
  5.2.3 By Application - Global Digital Twin Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Digital Twin Market Size, 2021 & 2028
6.2 By Region - Global Digital Twin Revenue & Forecasts
  6.2.1 By Region - Global Digital Twin Revenue, 2017-2022
  6.2.2 By Region - Global Digital Twin Revenue, 2023-2028
  6.2.3 By Region - Global Digital Twin Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Digital Twin Revenue, 2017-2028
  6.3.2 US Digital Twin Market Size, 2017-2028
  6.3.3 Canada Digital Twin Market Size, 2017-2028
  6.3.4 Mexico Digital Twin Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Digital Twin Revenue, 2017-2028
  6.4.2 Germany Digital Twin Market Size, 2017-2028
  6.4.3 France Digital Twin Market Size, 2017-2028
  6.4.4 U.K. Digital Twin Market Size, 2017-2028
  6.4.5 Italy Digital Twin Market Size, 2017-2028
  6.4.6 Russia Digital Twin Market Size, 2017-2028
  6.4.7 Nordic Countries Digital Twin Market Size, 2017-2028
  6.4.8 Benelux Digital Twin Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Digital Twin Revenue, 2017-2028
  6.5.2 China Digital Twin Market Size, 2017-2028
  6.5.3 Japan Digital Twin Market Size, 2017-2028
  6.5.4 South Korea Digital Twin Market Size, 2017-2028
  6.5.5 Southeast Asia Digital Twin Market Size, 2017-2028
  6.5.6 India Digital Twin Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Digital Twin Revenue, 2017-2028
  6.6.2 Brazil Digital Twin Market Size, 2017-2028
  6.6.3 Argentina Digital Twin Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Digital Twin Revenue, 2017-2028
  6.7.2 Turkey Digital Twin Market Size, 2017-2028
  6.7.3 Israel Digital Twin Market Size, 2017-2028
  6.7.4 Saudi Arabia Digital Twin Market Size, 2017-2028
  6.7.5 UAE Digital Twin Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 General Electric
  7.1.1 General Electric Corporate Summary
  7.1.2 General Electric Business Overview
  7.1.3 General Electric Digital Twin Major Product Offerings
  7.1.4 General Electric Digital Twin Revenue in Global Market (2017-2022)
  7.1.5 General Electric Key News
7.2 PTC
  7.2.1 PTC Corporate Summary
  7.2.2 PTC Business Overview
  7.2.3 PTC Digital Twin Major Product Offerings
  7.2.4 PTC Digital Twin Revenue in Global Market (2017-2022)
  7.2.5 PTC Key News
7.3 Siemens
  7.3.1 Siemens Corporate Summary
  7.3.2 Siemens Business Overview
  7.3.3 Siemens Digital Twin Major Product Offerings
  7.3.4 Siemens Digital Twin Revenue in Global Market (2017-2022)
  7.3.5 Siemens Key News
7.4 Dassault Syst?mes
  7.4.1 Dassault Syst?mes Corporate Summary
  7.4.2 Dassault Syst?mes Business Overview
  7.4.3 Dassault Syst?mes Digital Twin Major Product Offerings
  7.4.4 Dassault Syst?mes Digital Twin Revenue in Global Market (2017-2022)
  7.4.5 Dassault Syst?mes Key News
7.5 IBM Corporation
  7.5.1 IBM Corporation Corporate Summary
  7.5.2 IBM Corporation Business Overview
  7.5.3 IBM Corporation Digital Twin Major Product Offerings
  7.5.4 IBM Corporation Digital Twin Revenue in Global Market (2017-2022)
  7.5.5 IBM Corporation Key News
7.6 ANSYS
  7.6.1 ANSYS Corporate Summary
  7.6.2 ANSYS Business Overview
  7.6.3 ANSYS Digital Twin Major Product Offerings
  7.6.4 ANSYS Digital Twin Revenue in Global Market (2017-2022)
  7.6.5 ANSYS Key News
7.7 Microsoft Corporation
  7.7.1 Microsoft Corporation Corporate Summary
  7.7.2 Microsoft Corporation Business Overview
  7.7.3 Microsoft Corporation Digital Twin Major Product Offerings
  7.7.4 Microsoft Corporation Digital Twin Revenue in Global Market (2017-2022)
  7.7.5 Microsoft Corporation Key News
7.8 Oracle Corporation
  7.8.1 Oracle Corporation Corporate Summary
  7.8.2 Oracle Corporation Business Overview
  7.8.3 Oracle Corporation Digital Twin Major Product Offerings
  7.8.4 Oracle Corporation Digital Twin Revenue in Global Market (2017-2022)
  7.8.5 Oracle Corporation Key News
7.9 Accenture (Mackevision)
  7.9.1 Accenture (Mackevision) Corporate Summary
  7.9.2 Accenture (Mackevision) Business Overview
  7.9.3 Accenture (Mackevision) Digital Twin Major Product Offerings
  7.9.4 Accenture (Mackevision) Digital Twin Revenue in Global Market (2017-2022)
  7.9.5 Accenture (Mackevision) Key News
7.10 SAP
  7.10.1 SAP Corporate Summary
  7.10.2 SAP Business Overview
  7.10.3 SAP Digital Twin Major Product Offerings
  7.10.4 SAP Digital Twin Revenue in Global Market (2017-2022)
  7.10.5 SAP Key News
7.11 AVEVA Group
  7.11.1 AVEVA Group Corporate Summary
  7.11.2 AVEVA Group Business Overview
  7.11.3 AVEVA Group Digital Twin Major Product Offerings
  7.11.4 AVEVA Group Digital Twin Revenue in Global Market (2017-2022)
  7.11.5 AVEVA Group Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Digital Twin Market Opportunities & Trends in Global Market
Table 2. Digital Twin Market Drivers in Global Market
Table 3. Digital Twin Market Restraints in Global Market
Table 4. Key Players of Digital Twin in Global Market
Table 5. Top Digital Twin Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Digital Twin Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Digital Twin Revenue Share by Companies, 2017-2022
Table 8. Global Companies Digital Twin Product Type
Table 9. List of Global Tier 1 Digital Twin Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Digital Twin Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Digital Twin Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Digital Twin Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Digital Twin Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Digital Twin Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Digital Twin Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Digital Twin Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Digital Twin Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Digital Twin Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Digital Twin Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Digital Twin Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Digital Twin Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Digital Twin Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Digital Twin Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Digital Twin Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Digital Twin Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Digital Twin Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Digital Twin Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Digital Twin Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Digital Twin Revenue, (US$, Mn), 2023-2028
Table 30. General Electric Corporate Summary
Table 31. General Electric Digital Twin Product Offerings
Table 32. General Electric Digital Twin Revenue (US$, Mn), (2017-2022)
Table 33. PTC Corporate Summary
Table 34. PTC Digital Twin Product Offerings
Table 35. PTC Digital Twin Revenue (US$, Mn), (2017-2022)
Table 36. Siemens Corporate Summary
Table 37. Siemens Digital Twin Product Offerings
Table 38. Siemens Digital Twin Revenue (US$, Mn), (2017-2022)
Table 39. Dassault Syst?mes Corporate Summary
Table 40. Dassault Syst?mes Digital Twin Product Offerings
Table 41. Dassault Syst?mes Digital Twin Revenue (US$, Mn), (2017-2022)
Table 42. IBM Corporation Corporate Summary
Table 43. IBM Corporation Digital Twin Product Offerings
Table 44. IBM Corporation Digital Twin Revenue (US$, Mn), (2017-2022)
Table 45. ANSYS Corporate Summary
Table 46. ANSYS Digital Twin Product Offerings
Table 47. ANSYS Digital Twin Revenue (US$, Mn), (2017-2022)
Table 48. Microsoft Corporation Corporate Summary
Table 49. Microsoft Corporation Digital Twin Product Offerings
Table 50. Microsoft Corporation Digital Twin Revenue (US$, Mn), (2017-2022)
Table 51. Oracle Corporation Corporate Summary
Table 52. Oracle Corporation Digital Twin Product Offerings
Table 53. Oracle Corporation Digital Twin Revenue (US$, Mn), (2017-2022)
Table 54. Accenture (Mackevision) Corporate Summary
Table 55. Accenture (Mackevision) Digital Twin Product Offerings
Table 56. Accenture (Mackevision) Digital Twin Revenue (US$, Mn), (2017-2022)
Table 57. SAP Corporate Summary
Table 58. SAP Digital Twin Product Offerings
Table 59. SAP Digital Twin Revenue (US$, Mn), (2017-2022)
Table 60. AVEVA Group Corporate Summary
Table 61. AVEVA Group Digital Twin Product Offerings
Table 62. AVEVA Group Digital Twin Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Digital Twin Segment by Type in 2021
Figure 2. Digital Twin Segment by Application in 2021
Figure 3. Global Digital Twin Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Digital Twin Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Digital Twin Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Digital Twin Revenue in 2021
Figure 8. By Type - Global Digital Twin Revenue Market Share, 2017-2028
Figure 9. By Application - Global Digital Twin Revenue Market Share, 2017-2028
Figure 10. By Region - Global Digital Twin Revenue Market Share, 2017-2028
Figure 11. By Country - North America Digital Twin Revenue Market Share, 2017-2028
Figure 12. US Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Digital Twin Revenue Market Share, 2017-2028
Figure 16. Germany Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 17. France Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Digital Twin Revenue Market Share, 2017-2028
Figure 24. China Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 28. India Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Digital Twin Revenue Market Share, 2017-2028
Figure 30. Brazil Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Digital Twin Revenue Market Share, 2017-2028
Figure 33. Turkey Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Digital Twin Revenue, (US$, Mn), 2017-2028
Figure 37. General Electric Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. PTC Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Siemens Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Dassault Syst?mes Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. IBM Corporation Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. ANSYS Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Microsoft Corporation Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Oracle Corporation Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Accenture (Mackevision) Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. SAP Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. AVEVA Group Digital Twin Revenue Year Over Year Growth (US$, Mn) & (2017-2022)