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Global Digital Twin Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 102 pages | ID: G17B9CD5FE5DEN
APO Research

US$ 3,450.00

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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 estimated at US$ million in 2023 and is projected to reach a revised size of 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, gross margin 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
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
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 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: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). 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 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 3: Provides the analysis of various market segments by 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 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 5: Detailed analysis of Digital Twin companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter 12: Concluding Insights of the report

Chapter 12: Concluding Insights of the report
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Digital Twin Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Digital Twin Market Size by Region (2019-2030)
  1.4.1 Global Digital Twin Market Size by Region (2019-2024)
  1.4.2 Global Digital Twin Market Size by Region (2025-2030)
1.5 Key Regions Digital Twin Market Size (2019-2030)
  1.5.1 North America Digital Twin Market Size Growth Rate (2019-2030)
  1.5.2 Europe Digital Twin Market Size Growth Rate (2019-2030)
  1.5.3 Asia-Pacific Digital Twin Market Size Growth Rate (2019-2030)
  1.5.4 Latin America Digital Twin Market Size Growth Rate (2019-2030)
  1.5.5 Middle East & Africa Digital Twin Market Size Growth Rate (2019-2030)

2 DIGITAL TWIN MARKET BY TYPE

2.1 Type Introduction
  2.1.1 Parts Twin
  2.1.2 Product Twin
  2.1.3 Process Twin
  2.1.4 System Twin
2.2 Global Digital Twin Market Size by Type
  2.2.1 Global Digital Twin Market Size Overview by Type (2019-2030)
  2.2.2 Global Digital Twin Historic Market Size Review by Type (2019-2024)
  2.2.3 Global Digital Twin Market Size Forecasted by Type (2025-2030)
2.3 Global Digital Twin Market Size by Regions
  2.3.1 North America Digital Twin Market Size Breakdown by Type (2019-2024)
  2.3.2 Europe Digital Twin Market Size Breakdown by Type (2019-2024)
  2.3.3 Asia-Pacific Digital Twin Market Size Breakdown by Type (2019-2024)
  2.3.4 Latin America Digital Twin Market Size Breakdown by Type (2019-2024)
  2.3.5 Middle East and Africa Digital Twin Market Size Breakdown by Type (2019-2024)

3 DIGITAL TWIN MARKET BY APPLICATION

3.1 Type Introduction
  3.1.1 Aerospace and Defense
  3.1.2 Automotive and Transportation
  3.1.3 Machine Manufacturing
  3.1.4 Energy and Utilities
  3.1.5 Others
3.2 Global Digital Twin Market Size by Application
  3.2.1 Global Digital Twin Market Size Overview by Application (2019-2030)
  3.2.2 Global Digital Twin Historic Market Size Review by Application (2019-2024)
  3.2.3 Global Digital Twin Market Size Forecasted by Application (2025-2030)
3.3 Global Digital Twin Market Size by Regions
  3.3.1 North America Digital Twin Market Size Breakdown by Application (2019-2024)
  3.3.2 Europe Digital Twin Market Size Breakdown by Application (2019-2024)
  3.3.3 Asia-Pacific Digital Twin Market Size Breakdown by Application (2019-2024)
  3.3.4 Latin America Digital Twin Market Size Breakdown by Application (2019-2024)
  3.3.5 Middle East and Africa Digital Twin Market Size Breakdown by Application (2019-2024)

4 GLOBAL MARKET DYNAMICS

4.1 Digital Twin Industry Trends
4.2 Digital Twin Industry Drivers
4.3 Digital Twin Industry Opportunities and Challenges
4.4 Digital Twin Industry Restraints

5 COMPETITIVE INSIGHTS BY COMPANY

5.1 Global Top Players by Digital Twin Revenue (2019-2024)
5.2 Global Digital Twin Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Digital Twin Key Company Headquarters & Area Served
5.4 Global Digital Twin Company, Product Type & Application
5.5 Global Digital Twin Company Commercialization Time
5.6 Market Competitive Analysis
  5.6.1 Global Digital Twin Market CR5 and HHI
  5.6.2 Global Top 5 and 10 Digital Twin Players Market Share by Revenue in 2023
  5.6.3 2023 Digital Twin Tier 1, Tier 2, and Tier

6 COMPANY PROFILES

6.1 General Electric
  6.1.1 General Electric Comapny Information
  6.1.2 General Electric Business Overview
  6.1.3 General Electric Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.1.4 General Electric Digital Twin Product Portfolio
  6.1.5 General Electric Recent Developments
6.2 PTC
  6.2.1 PTC Comapny Information
  6.2.2 PTC Business Overview
  6.2.3 PTC Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.2.4 PTC Digital Twin Product Portfolio
  6.2.5 PTC Recent Developments
6.3 Siemens
  6.3.1 Siemens Comapny Information
  6.3.2 Siemens Business Overview
  6.3.3 Siemens Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.3.4 Siemens Digital Twin Product Portfolio
  6.3.5 Siemens Recent Developments
6.4 Dassault Syst?mes
  6.4.1 Dassault Syst?mes Comapny Information
  6.4.2 Dassault Syst?mes Business Overview
  6.4.3 Dassault Syst?mes Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.4.4 Dassault Syst?mes Digital Twin Product Portfolio
  6.4.5 Dassault Syst?mes Recent Developments
6.5 IBM Corporation
  6.5.1 IBM Corporation Comapny Information
  6.5.2 IBM Corporation Business Overview
  6.5.3 IBM Corporation Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.5.4 IBM Corporation Digital Twin Product Portfolio
  6.5.5 IBM Corporation Recent Developments
6.6 ANSYS
  6.6.1 ANSYS Comapny Information
  6.6.2 ANSYS Business Overview
  6.6.3 ANSYS Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.6.4 ANSYS Digital Twin Product Portfolio
  6.6.5 ANSYS Recent Developments
6.7 Microsoft Corporation
  6.7.1 Microsoft Corporation Comapny Information
  6.7.2 Microsoft Corporation Business Overview
  6.7.3 Microsoft Corporation Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.7.4 Microsoft Corporation Digital Twin Product Portfolio
  6.7.5 Microsoft Corporation Recent Developments
6.8 Oracle Corporation
  6.8.1 Oracle Corporation Comapny Information
  6.8.2 Oracle Corporation Business Overview
  6.8.3 Oracle Corporation Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.8.4 Oracle Corporation Digital Twin Product Portfolio
  6.8.5 Oracle Corporation Recent Developments
6.9 Accenture (Mackevision)
  6.9.1 Accenture (Mackevision) Comapny Information
  6.9.2 Accenture (Mackevision) Business Overview
  6.9.3 Accenture (Mackevision) Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.9.4 Accenture (Mackevision) Digital Twin Product Portfolio
  6.9.5 Accenture (Mackevision) Recent Developments
6.10 SAP
  6.10.1 SAP Comapny Information
  6.10.2 SAP Business Overview
  6.10.3 SAP Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.10.4 SAP Digital Twin Product Portfolio
  6.10.5 SAP Recent Developments
6.11 AVEVA Group
  6.11.1 AVEVA Group Comapny Information
  6.11.2 AVEVA Group Business Overview
  6.11.3 AVEVA Group Digital Twin Revenue, Global Share and Gross Margin (2019-2024)
  6.11.4 AVEVA Group Digital Twin Product Portfolio
  6.11.5 AVEVA Group Recent Developments

7 NORTH AMERICA

7.1 North America Digital Twin Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Digital Twin Market Size by Country (2019-2024)
7.3 North America Digital Twin Market Size Forecast by Country (2025-2030)

8 EUROPE

8.1 Europe Digital Twin Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Digital Twin Market Size by Country (2019-2024)
8.3 Europe Digital Twin Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Digital Twin Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Digital Twin Market Size by Country (2019-2024)
9.3 Asia-Pacific Digital Twin Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA

10.1 Latin America Digital Twin Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Digital Twin Market Size by Country (2019-2024)
10.3 Latin America Digital Twin Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Digital Twin Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Digital Twin Market Size by Country (2019-2024)
11.3 Middle East & Africa Digital Twin Market Size Forecast by Country (2025-2030)

12 CONCLUDING INSIGHTS

13 APPENDIX

13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
  13.5.1 Secondary Sources
  13.5.2 Primary Sources


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