Digital Twins Market, Global Outlook and Forecast 2022-2028

March 2022 | 65 pages | ID: D16F7A996494EN
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 Twins in Global, including the following market information:

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

Global top five companies in 2021 (%)

The global Digital Twins market was valued at 2390.1 million in 2021 and is projected to reach US$ 18150 million by 2028, at a CAGR of 33.6% during the forecast period.

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

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

The global key manufacturers of Digital Twins include General Electric, PTC, Siemens, Dassault Syst?mes, IBM Corporation, ANSYS, Microsoft Corporation and Oracle Corporation, 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 Twins 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 Twins Market, by Type, 2017-2022, 2023-2028 ($ millions)

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

• Parts Twin
• Product Twin
• Process Twin
• System Twin

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

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

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

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

Global Digital Twins 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 Twins revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Digital Twins 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

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Digital Twins Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Digital Twins 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 TWINS OVERALL MARKET SIZE

2.1 Global Digital Twins Market Size: 2021 VS 2028
2.2 Global Digital Twins 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 Twins Players in Global Market
3.2 Top Global Digital Twins Companies Ranked by Revenue
3.3 Global Digital Twins Revenue by Companies
3.4 Top 3 and Top 5 Digital Twins Companies in Global Market, by Revenue in 2021
3.5 Global Companies Digital Twins Product Type
3.6 Tier 1, Tier 2 and Tier 3 Digital Twins Players in Global Market
  3.6.1 List of Global Tier 1 Digital Twins Companies
  3.6.2 List of Global Tier 2 and Tier 3 Digital Twins Companies

4 MARKET SIGHTS BY PRODUCT

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

5 SIGHTS BY APPLICATION

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

6 SIGHTS BY REGION

6.1 By Region - Global Digital Twins Market Size, 2021 & 2028
6.2 By Region - Global Digital Twins Revenue & Forecasts
  6.2.1 By Region - Global Digital Twins Revenue, 2017-2022
  6.2.2 By Region - Global Digital Twins Revenue, 2023-2028
  6.2.3 By Region - Global Digital Twins Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Digital Twins Revenue, 2017-2028
  6.3.2 US Digital Twins Market Size, 2017-2028
  6.3.3 Canada Digital Twins Market Size, 2017-2028
  6.3.4 Mexico Digital Twins Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Digital Twins Revenue, 2017-2028
  6.4.2 Germany Digital Twins Market Size, 2017-2028
  6.4.3 France Digital Twins Market Size, 2017-2028
  6.4.4 U.K. Digital Twins Market Size, 2017-2028
  6.4.5 Italy Digital Twins Market Size, 2017-2028
  6.4.6 Russia Digital Twins Market Size, 2017-2028
  6.4.7 Nordic Countries Digital Twins Market Size, 2017-2028
  6.4.8 Benelux Digital Twins Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Digital Twins Revenue, 2017-2028
  6.5.2 China Digital Twins Market Size, 2017-2028
  6.5.3 Japan Digital Twins Market Size, 2017-2028
  6.5.4 South Korea Digital Twins Market Size, 2017-2028
  6.5.5 Southeast Asia Digital Twins Market Size, 2017-2028
  6.5.6 India Digital Twins Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Digital Twins Revenue, 2017-2028
  6.6.2 Brazil Digital Twins Market Size, 2017-2028
  6.6.3 Argentina Digital Twins Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Digital Twins Revenue, 2017-2028
  6.7.2 Turkey Digital Twins Market Size, 2017-2028
  6.7.3 Israel Digital Twins Market Size, 2017-2028
  6.7.4 Saudi Arabia Digital Twins Market Size, 2017-2028
  6.7.5 UAE Digital Twins 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 Twins Major Product Offerings
  7.1.4 General Electric Digital Twins 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 Twins Major Product Offerings
  7.2.4 PTC Digital Twins 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 Twins Major Product Offerings
  7.3.4 Siemens Digital Twins 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 Twins Major Product Offerings
  7.4.4 Dassault Syst?mes Digital Twins 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 Twins Major Product Offerings
  7.5.4 IBM Corporation Digital Twins 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 Twins Major Product Offerings
  7.6.4 ANSYS Digital Twins 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 Twins Major Product Offerings
  7.7.4 Microsoft Corporation Digital Twins 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 Twins Major Product Offerings
  7.8.4 Oracle Corporation Digital Twins Revenue in Global Market (2017-2022)
  7.8.5 Oracle Corporation 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 Twins Market Opportunities & Trends in Global Market
Table 2. Digital Twins Market Drivers in Global Market
Table 3. Digital Twins Market Restraints in Global Market
Table 4. Key Players of Digital Twins in Global Market
Table 5. Top Digital Twins Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Digital Twins Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Digital Twins Revenue Share by Companies, 2017-2022
Table 8. Global Companies Digital Twins Product Type
Table 9. List of Global Tier 1 Digital Twins Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Digital Twins Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Digital Twins Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Digital Twins Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Digital Twins Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Digital Twins Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Digital Twins Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Digital Twins Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Digital Twins Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Digital Twins Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Digital Twins Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Digital Twins Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Digital Twins Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Digital Twins Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Digital Twins Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Digital Twins Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Digital Twins Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Digital Twins Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Digital Twins Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Digital Twins Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Digital Twins Revenue, (US$, Mn), 2023-2028
Table 30. General Electric Corporate Summary
Table 31. General Electric Digital Twins Product Offerings
Table 32. General Electric Digital Twins Revenue (US$, Mn), (2017-2022)
Table 33. PTC Corporate Summary
Table 34. PTC Digital Twins Product Offerings
Table 35. PTC Digital Twins Revenue (US$, Mn), (2017-2022)
Table 36. Siemens Corporate Summary
Table 37. Siemens Digital Twins Product Offerings
Table 38. Siemens Digital Twins Revenue (US$, Mn), (2017-2022)
Table 39. Dassault Systemes Corporate Summary
Table 40. Dassault Systemes Digital Twins Product Offerings
Table 41. Dassault Systemes Digital Twins Revenue (US$, Mn), (2017-2022)
Table 42. IBM Corporation Corporate Summary
Table 43. IBM Corporation Digital Twins Product Offerings
Table 44. IBM Corporation Digital Twins Revenue (US$, Mn), (2017-2022)
Table 45. ANSYS Corporate Summary
Table 46. ANSYS Digital Twins Product Offerings
Table 47. ANSYS Digital Twins Revenue (US$, Mn), (2017-2022)
Table 48. Microsoft Corporation Corporate Summary
Table 49. Microsoft Corporation Digital Twins Product Offerings
Table 50. Microsoft Corporation Digital Twins Revenue (US$, Mn), (2017-2022)
Table 51. Oracle Corporation Corporate Summary
Table 52. Oracle Corporation Digital Twins Product Offerings
Table 53. Oracle Corporation Digital Twins Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

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