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Digital Twin Market by Technology, Type (Product, Process, and System), Industry (Aerospace & Defense, Automotive & Transportation, Home & Commercial, Healthcare, Energy & Utilities, Oil & Gas), and Geography - Global Forecast to 2025

Digital Twin Market by Technology, Type (Product, Process, and System), Industry (Aerospace & Defense, Automotive & Transportation, Home & Commercial, Healthcare, Energy & Utilities, Oil & Gas), and Geography - Global Forecast to 2025

“Digital twin market to grow at significant rate from 2019 to 2025”
The digital twin market is estimated to grow from USD 3.8 billion in 2019 to USD 35.8 billion by 2025, at a CAGR of 37.8%. Key factors driving the growth of the digital twin market include the declining time and cost of product development and unplanned downtime with the adoption of digital twins, increasing adoption of emerging technologies such as IoT and cloud, and growing use of digital twin for predictive maintenance. However, risks associated with data security for creating digital twins hinders the growth in the market.

“System digital twin type to account for largest market size from 2019 to 2025”
The system digital twin type is expected to account for the largest share of the digital twin market during the forecast period. The growth can be attributed to the rising use of system digital twin across several industries. For example, in aerospace & defense, NASA used/implemented digital twin to monitor space stations and spacecraft to ensure safety. In addition, in automotive & transportation, a start-up—SWIM.AI—used digital twin for a traffic management system in California.

“APAC to be fastest-growing market for digital twin from 2019 to 2025”
APAC is likely to witness the highest CAGR in the said market during the forecast period. Increasing manufacturing facilities across various industries in this region along with the rising adoption of digital technology are expected to drive the demand for digital twin solutions in this region. Additionally, dense population and growing per capita income of this region, along with large-scale industrialization and urbanization are among the factors boosting the digital twin market growth in this region.

The break-up of profiles of primary participants for the report has been given below.
By Company Type: Tier 1 = 90% and Tier 2 = 10%
By Designation: C-Level Executives = 75% and Directors = 25%
By Region: North America = 10%, Europe = 20%, APAC = 40%, and RoW = 30%

General Electric (US), IBM (US), PTC (US), Microsoft Corporation (US), Siemens AG (Germany), ANSYS (US), SAP (Germany), Oracle (US), Robert Bosch (Germany), and SWIM.AI (US) are among the major players in the digital twin market.
Research Coverage:

The digital twin market, in this report, is segmented into technology, type, industry, and geography. The market based on technology is further classified into IoT & IIoT, blockchain, artificial intelligence and machine learing, augmented reality, virtual reality and mixed reality, big data analytics, and 5G. The digital twin market, by type, is further segmented into product, process, and system. The digital twin market, by industry, is further segmented into aerospace & defense, automotive & transportation, home & commercial, healthcare, energy & utilities, oil & gas, and others.

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market, by type, industry, and geography have been provided to give the overall view of the digital twin market.
Major drivers, restraints, opportunities, and challenges pertaining to the digital twin market have been provided in the research report.
The report includes a detailed competitive landscape and revenues of key players.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN DIGITAL TWIN MARKET
    • DIGITAL TWIN MARKET, BY TYPE
    • DIGITAL TWIN MARKET, BY COUNTRY AND INDUSTRY
    • DIGITAL TWIN MARKET, BY COUNTRY (2019)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • CASE STUDIES
      • AEROSPACE & DEFENSE
      • AUTOMOTIVE & TRANSPORTATION
      • HOME & COMMERCIAL
      • HEALTHCARE
      • ENERGY & UTILITIES
      • OIL & GAS
      • OTHERS
  • TECHNOLOGIES OF DIGITAL TWIN
    • INTRODUCTION
    • IOT & IIOT
    • BLOCKCHAIN
    • ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
    • AUGMENTED REALITY, VIRTUAL REALITY, AND MIXED REALITY
    • BIG DATA ANALYTICS
    • 5G
  • DIGITAL TWIN MARKET, BY TYPE
    • INTRODUCTION
      • Table DIGITAL TWIN MARKET, BY TYPE, 2016–2025 (USD BILLION)
    • PRODUCT DIGITAL TWIN
      • PRODUCT DIGITAL TWIN TO WITNESS SIGNIFICANT GROWTH IN THE MARKET
    • PROCESS DIGITAL TWIN
      • PROCESS DIGITAL TWIN PLAYS SIGNIFICANT ROLE IN DIGITAL TWIN MARKET
    • SYSTEM DIGITAL TWIN
      • SYSTEM DIGITAL TWIN TO DOMINATE DIGITAL TWIN MARKET DURING FORECAST PERIOD
  • DIGITAL TWIN MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table DIGITAL TWIN MARKET, BY INDUSTRY, 2016–2025 (USD MILLION)
    • AEROSPACE & DEFENSE
      • AEROSPACE & DEFENSE TO WITNESS SIGNIFICANT GROWTH IN DIGITAL TWIN MARKET
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AEROSPACE & DEFENSE IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
    • AUTOMOTIVE & TRANSPORTATION
      • AUTOMOTIVE & TRANSPORTATION TO DOMINATE DIGITAL TWIN MARKET DURING FORECAST PERIOD
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2016–2025 (USD MILLION)
    • HOME AND COMMERCIAL
      • NORTH AMERICA TO DOMINATE DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL INDUSTRY DURING FORECAST PERIOD
        • Table DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HOME & COMMERCIAL IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HOME AND COMMERCIAL IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
    • HEALTHCARE
      • HEALTHCARE TO BE FASTEST-GROWING INDUSTRY FOR DIGITAL TWIN MARKET
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR HEALTHCARE IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
    • ENERGY & UTILITIES
      • RISING DIGITIZATION IS DRIVING ENERGY & UTILITIES IN DIGITAL TWIN MARKET GROWTH DURING FORECAST PERIOD
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR ENERGY & UTILITIES IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
    • OIL & GAS
      • SYSTEM DIGITAL TWIN TO DIGITAL TWIN MARKET FOR OIL & GAS INDUSTRY
        • Table DIGITAL TWIN MARKET FOR OIL & GAS, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OIL & GAS, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OIL & GAS IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
    • OTHERS
      • APAC TO BE FASTEST-GROWING REGION OF DIGITAL TWIN MARKET FOR OTHER INDUSTRIES
        • Table DIGITAL TWIN MARKET FOR OTHERS, BY TYPE, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OTHERS, BY REGION, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OTHERS IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OTHERS IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OTHERS IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
        • Table DIGITAL TWIN MARKET FOR OTHERS IN ROW, BY COUNTRY, 2016–2025 (USD MILLION)
  • DIGITAL TWIN MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table DIGITAL TWIN MARKET, BY REGION, 2016–2025 (USD MILLION)
    • NORTH AMERICA
      • Table DIGITAL TWIN MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2025 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table DIGITAL TWIN MARKET IN EUROPE, BY COUNTRY, 2016–2025 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table DIGITAL TWIN MARKET IN APAC, BY COUNTRY, 2016–2025 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
    • ROW
      • Table DIGITAL TWIN MARKET IN ROW, BY REGION, 2016–2025 (USD MILLION)
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SCENARIO
      • PRODUCT DEVELOPMENTS/LAUNCHES
        • Table KEY PRODUCT DEVELOPMENT/LAUNCH
      • PARTNERSHIPS, MERGERS AND ACQUISITIONS
        • Table KEY MERGER AND ACQUISITION
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 PLAYERS)
    • BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS).
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • GENERAL ELECTRIC
      • IBM
      • PTC
      • MICROSOFT CORPORATION
      • SIEMENS AG
      • ANSYS
      • SAP
      • ORACLE
      • ROBERT BOSCH
      • SWIM AI
    • INNOVATORS
      • DNV GL
      • SIGHT MACHINE
      • TIBCO SOFTWARE INC
      • AUCOTEC AG
    • OTHER IMPORTANT KEY PLAYERS
      • WIPRO LIMITED
      • ABB
      • DASSAULT SYSTEM
      • HONEY WELL
      • SCHNEIDER
      • EMERSON
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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