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Global Digital Twins Market Research Report 2024(Status and Outlook)

September 2024 | 98 pages | ID: G3FDD225594BEN
Bosson Research

US$ 3,200.00

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Report Overview:

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.

The Global Digital Twins Market Size was estimated at USD 1872.82 million in 2023 and is projected to reach USD 2452.94 million by 2029, exhibiting a CAGR of 4.60% during the forecast period.

This report provides a deep insight into the global Digital Twins market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Digital Twins Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Digital Twins market in any manner.

Global Digital Twins Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

General Electric

PTC

Siemens

Dassault Syst?mes

IBM Corporation

ANSYS

Microsoft Corporation

Oracle Corporation

Market Segmentation (by Type)

Parts Twin

Product Twin

Process Twin

System Twin

Market Segmentation (by Application)

Aerospace & Defense

Automotive & Transportation

Machine Manufacturing

Energy & Utilities

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Digital Twins Market
  • Overview of the regional outlook of the Digital Twins Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, 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 Digital Twins Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to 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 7 provides the analysis of various market segments according to 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 8 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 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.
1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of Digital Twins
1.2 Key Market Segments
  1.2.1 Digital Twins Segment by Type
  1.2.2 Digital Twins Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 DIGITAL TWINS MARKET OVERVIEW

2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region

3 DIGITAL TWINS MARKET COMPETITIVE LANDSCAPE

3.1 Global Digital Twins Revenue Market Share by Company (2019-2024)
3.2 Digital Twins Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company Digital Twins Market Size Sites, Area Served, Product Type
3.4 Digital Twins Market Competitive Situation and Trends
  3.4.1 Digital Twins Market Concentration Rate
  3.4.2 Global 5 and 10 Largest Digital Twins Players Market Share by Revenue
  3.4.3 Mergers & Acquisitions, Expansion

4 DIGITAL TWINS VALUE CHAIN ANALYSIS

4.1 Digital Twins Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF DIGITAL TWINS MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
  5.5.1 Mergers & Acquisitions
  5.5.2 Expansions
  5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies

6 DIGITAL TWINS MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Digital Twins Market Size Market Share by Type (2019-2024)
6.3 Global Digital Twins Market Size Growth Rate by Type (2019-2024)

7 DIGITAL TWINS MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Digital Twins Market Size (M USD) by Application (2019-2024)
7.3 Global Digital Twins Market Size Growth Rate by Application (2019-2024)

8 DIGITAL TWINS MARKET SEGMENTATION BY REGION

8.1 Global Digital Twins Market Size by Region
  8.1.1 Global Digital Twins Market Size by Region
  8.1.2 Global Digital Twins Market Size Market Share by Region
8.2 North America
  8.2.1 North America Digital Twins Market Size by Country
  8.2.2 U.S.
  8.2.3 Canada
  8.2.4 Mexico
8.3 Europe
  8.3.1 Europe Digital Twins Market Size by Country
  8.3.2 Germany
  8.3.3 France
  8.3.4 U.K.
  8.3.5 Italy
  8.3.6 Russia
8.4 Asia Pacific
  8.4.1 Asia Pacific Digital Twins Market Size by Region
  8.4.2 China
  8.4.3 Japan
  8.4.4 South Korea
  8.4.5 India
  8.4.6 Southeast Asia
8.5 South America
  8.5.1 South America Digital Twins Market Size by Country
  8.5.2 Brazil
  8.5.3 Argentina
  8.5.4 Columbia
8.6 Middle East and Africa
  8.6.1 Middle East and Africa Digital Twins Market Size by Region
  8.6.2 Saudi Arabia
  8.6.3 UAE
  8.6.4 Egypt
  8.6.5 Nigeria
  8.6.6 South Africa

9 KEY COMPANIES PROFILE

9.1 General Electric
  9.1.1 General Electric Digital Twins Basic Information
  9.1.2 General Electric Digital Twins Product Overview
  9.1.3 General Electric Digital Twins Product Market Performance
  9.1.4 General Electric Digital Twins SWOT Analysis
  9.1.5 General Electric Business Overview
  9.1.6 General Electric Recent Developments
9.2 PTC
  9.2.1 PTC Digital Twins Basic Information
  9.2.2 PTC Digital Twins Product Overview
  9.2.3 PTC Digital Twins Product Market Performance
  9.2.4 General Electric Digital Twins SWOT Analysis
  9.2.5 PTC Business Overview
  9.2.6 PTC Recent Developments
9.3 Siemens
  9.3.1 Siemens Digital Twins Basic Information
  9.3.2 Siemens Digital Twins Product Overview
  9.3.3 Siemens Digital Twins Product Market Performance
  9.3.4 General Electric Digital Twins SWOT Analysis
  9.3.5 Siemens Business Overview
  9.3.6 Siemens Recent Developments
9.4 Dassault Syst?mes
  9.4.1 Dassault Syst?mes Digital Twins Basic Information
  9.4.2 Dassault Syst?mes Digital Twins Product Overview
  9.4.3 Dassault Syst?mes Digital Twins Product Market Performance
  9.4.4 Dassault Syst?mes Business Overview
  9.4.5 Dassault Syst?mes Recent Developments
9.5 IBM Corporation
  9.5.1 IBM Corporation Digital Twins Basic Information
  9.5.2 IBM Corporation Digital Twins Product Overview
  9.5.3 IBM Corporation Digital Twins Product Market Performance
  9.5.4 IBM Corporation Business Overview
  9.5.5 IBM Corporation Recent Developments
9.6 ANSYS
  9.6.1 ANSYS Digital Twins Basic Information
  9.6.2 ANSYS Digital Twins Product Overview
  9.6.3 ANSYS Digital Twins Product Market Performance
  9.6.4 ANSYS Business Overview
  9.6.5 ANSYS Recent Developments
9.7 Microsoft Corporation
  9.7.1 Microsoft Corporation Digital Twins Basic Information
  9.7.2 Microsoft Corporation Digital Twins Product Overview
  9.7.3 Microsoft Corporation Digital Twins Product Market Performance
  9.7.4 Microsoft Corporation Business Overview
  9.7.5 Microsoft Corporation Recent Developments
9.8 Oracle Corporation
  9.8.1 Oracle Corporation Digital Twins Basic Information
  9.8.2 Oracle Corporation Digital Twins Product Overview
  9.8.3 Oracle Corporation Digital Twins Product Market Performance
  9.8.4 Oracle Corporation Business Overview
  9.8.5 Oracle Corporation Recent Developments

10 DIGITAL TWINS REGIONAL MARKET FORECAST

10.1 Global Digital Twins Market Size Forecast
10.2 Global Digital Twins Market Forecast by Region
  10.2.1 North America Market Size Forecast by Country
  10.2.2 Europe Digital Twins Market Size Forecast by Country
  10.2.3 Asia Pacific Digital Twins Market Size Forecast by Region
  10.2.4 South America Digital Twins Market Size Forecast by Country
  10.2.5 Middle East and Africa Forecasted Consumption of Digital Twins by Country

11 FORECAST MARKET BY TYPE AND BY APPLICATION (2025-2030)

11.1 Global Digital Twins Market Forecast by Type (2025-2030)
11.2 Global Digital Twins Market Forecast by Application (2025-2030)

12 CONCLUSION AND KEY FINDINGS

LIST OF TABLES

Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. Digital Twins Market Size Comparison by Region (M USD)
Table 5. Global Digital Twins Revenue (M USD) by Company (2019-2024)
Table 6. Global Digital Twins Revenue Share by Company (2019-2024)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Digital Twins as of 2022)
Table 8. Company Digital Twins Market Size Sites and Area Served
Table 9. Company Digital Twins Product Type
Table 10. Global Digital Twins Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Value Chain Map of Digital Twins
Table 13. Midstream Market Analysis
Table 14. Downstream Customer Analysis
Table 15. Key Development Trends
Table 16. Driving Factors
Table 17. Digital Twins Market Challenges
Table 18. Global Digital Twins Market Size by Type (M USD)
Table 19. Global Digital Twins Market Size (M USD) by Type (2019-2024)
Table 20. Global Digital Twins Market Size Share by Type (2019-2024)
Table 21. Global Digital Twins Market Size Growth Rate by Type (2019-2024)
Table 22. Global Digital Twins Market Size by Application
Table 23. Global Digital Twins Market Size by Application (2019-2024) & (M USD)
Table 24. Global Digital Twins Market Share by Application (2019-2024)
Table 25. Global Digital Twins Market Size Growth Rate by Application (2019-2024)
Table 26. Global Digital Twins Market Size by Region (2019-2024) & (M USD)
Table 27. Global Digital Twins Market Size Market Share by Region (2019-2024)
Table 28. North America Digital Twins Market Size by Country (2019-2024) & (M USD)
Table 29. Europe Digital Twins Market Size by Country (2019-2024) & (M USD)
Table 30. Asia Pacific Digital Twins Market Size by Region (2019-2024) & (M USD)
Table 31. South America Digital Twins Market Size by Country (2019-2024) & (M USD)
Table 32. Middle East and Africa Digital Twins Market Size by Region (2019-2024) & (M USD)
Table 33. General Electric Digital Twins Basic Information
Table 34. General Electric Digital Twins Product Overview
Table 35. General Electric Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 36. General Electric Digital Twins SWOT Analysis
Table 37. General Electric Business Overview
Table 38. General Electric Recent Developments
Table 39. PTC Digital Twins Basic Information
Table 40. PTC Digital Twins Product Overview
Table 41. PTC Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 42. General Electric Digital Twins SWOT Analysis
Table 43. PTC Business Overview
Table 44. PTC Recent Developments
Table 45. Siemens Digital Twins Basic Information
Table 46. Siemens Digital Twins Product Overview
Table 47. Siemens Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 48. General Electric Digital Twins SWOT Analysis
Table 49. Siemens Business Overview
Table 50. Siemens Recent Developments
Table 51. Dassault Syst?mes Digital Twins Basic Information
Table 52. Dassault Syst?mes Digital Twins Product Overview
Table 53. Dassault Syst?mes Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 54. Dassault Syst?mes Business Overview
Table 55. Dassault Syst?mes Recent Developments
Table 56. IBM Corporation Digital Twins Basic Information
Table 57. IBM Corporation Digital Twins Product Overview
Table 58. IBM Corporation Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 59. IBM Corporation Business Overview
Table 60. IBM Corporation Recent Developments
Table 61. ANSYS Digital Twins Basic Information
Table 62. ANSYS Digital Twins Product Overview
Table 63. ANSYS Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 64. ANSYS Business Overview
Table 65. ANSYS Recent Developments
Table 66. Microsoft Corporation Digital Twins Basic Information
Table 67. Microsoft Corporation Digital Twins Product Overview
Table 68. Microsoft Corporation Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 69. Microsoft Corporation Business Overview
Table 70. Microsoft Corporation Recent Developments
Table 71. Oracle Corporation Digital Twins Basic Information
Table 72. Oracle Corporation Digital Twins Product Overview
Table 73. Oracle Corporation Digital Twins Revenue (M USD) and Gross Margin (2019-2024)
Table 74. Oracle Corporation Business Overview
Table 75. Oracle Corporation Recent Developments
Table 76. Global Digital Twins Market Size Forecast by Region (2025-2030) & (M USD)
Table 77. North America Digital Twins Market Size Forecast by Country (2025-2030) & (M USD)
Table 78. Europe Digital Twins Market Size Forecast by Country (2025-2030) & (M USD)
Table 79. Asia Pacific Digital Twins Market Size Forecast by Region (2025-2030) & (M USD)
Table 80. South America Digital Twins Market Size Forecast by Country (2025-2030) & (M USD)
Table 81. Middle East and Africa Digital Twins Market Size Forecast by Country (2025-2030) & (M USD)
Table 82. Global Digital Twins Market Size Forecast by Type (2025-2030) & (M USD)
Table 83. Global Digital Twins Market Size Forecast by Application (2025-2030) & (M USD)

LIST OF FIGURES

Figure 1. Industrial Chain of Digital Twins
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global Digital Twins Market Size (M USD), 2019-2030
Figure 5. Global Digital Twins Market Size (M USD) (2019-2030)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. Digital Twins Market Size by Country (M USD)
Figure 10. Global Digital Twins Revenue Share by Company in 2023
Figure 11. Digital Twins Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 12. The Global 5 and 10 Largest Players: Market Share by Digital Twins Revenue in 2023
Figure 13. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 14. Global Digital Twins Market Share by Type
Figure 15. Market Size Share of Digital Twins by Type (2019-2024)
Figure 16. Market Size Market Share of Digital Twins by Type in 2022
Figure 17. Global Digital Twins Market Size Growth Rate by Type (2019-2024)
Figure 18. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 19. Global Digital Twins Market Share by Application
Figure 20. Global Digital Twins Market Share by Application (2019-2024)
Figure 21. Global Digital Twins Market Share by Application in 2022
Figure 22. Global Digital Twins Market Size Growth Rate by Application (2019-2024)
Figure 23. Global Digital Twins Market Size Market Share by Region (2019-2024)
Figure 24. North America Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 25. North America Digital Twins Market Size Market Share by Country in 2023
Figure 26. U.S. Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 27. Canada Digital Twins Market Size (M USD) and Growth Rate (2019-2024)
Figure 28. Mexico Digital Twins Market Size (Units) and Growth Rate (2019-2024)
Figure 29. Europe Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 30. Europe Digital Twins Market Size Market Share by Country in 2023
Figure 31. Germany Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 32. France Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 33. U.K. Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 34. Italy Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 35. Russia Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 36. Asia Pacific Digital Twins Market Size and Growth Rate (M USD)
Figure 37. Asia Pacific Digital Twins Market Size Market Share by Region in 2023
Figure 38. China Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 39. Japan Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 40. South Korea Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 41. India Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 42. Southeast Asia Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 43. South America Digital Twins Market Size and Growth Rate (M USD)
Figure 44. South America Digital Twins Market Size Market Share by Country in 2023
Figure 45. Brazil Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 46. Argentina Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 47. Columbia Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 48. Middle East and Africa Digital Twins Market Size and Growth Rate (M USD)
Figure 49. Middle East and Africa Digital Twins Market Size Market Share by Region in 2023
Figure 50. Saudi Arabia Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 51. UAE Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 52. Egypt Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 53. Nigeria Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 54. South Africa Digital Twins Market Size and Growth Rate (2019-2024) & (M USD)
Figure 55. Global Digital Twins Market Size Forecast by Value (2019-2030) & (M USD)
Figure 56. Global Digital Twins Market Share Forecast by Type (2025-2030)
Figure 57. Global Digital Twins Market Share Forecast by Application (2025-2030)


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