Global Digital Twin Market to 2027
Global Digital Twin Market to 2027
Global Digital Twin Market Introduction
Digital twin is commonly called as the digital replica of living or non-living physical entity. Digital twin is a type of IoT(InternetofThing). It is a virtual model of process, product, and service. Digital twin is used for the data analysis, and system monitoring. Digital twin represents the convergence of the virtual and the physical world where each industrial product will get dynamicrepresentation.
Global Digital Twin Market Dynamics
Increase in demand for IoT, Artificial Intelligence in various industries like Aerospace & Defense, Automotive and transportation will rise the demand for digitaltwin, in near future. Increase in research and development activities such as 3D printing is expected to boost the growth of global digital twin marker. For instance, In January 2019, Siemens Ag had launched new 3D additive manufacturing process with digital twin software. This new technologies expected to grow global digital twin market in this forecast period. Inadequate It infrastructures in developed countries is the major restraining factor for the market, which is expected to hamper the growth of global digital twin market.
Global Digital Twin Market Segmentation
Global digital twin market is segmented by types such as Part Digital Twin, ProductDigital Twin, System Digital Twin, and Process Digital Twin, by technology such as IoT and IIot, Blockchain, Artificial intelligence and Machine Learning,Big Data Analytics, and Augmented Reality, Virtual Reality, and Mixed Reality. Further global digital twin market is segmented by End users such as Aerospace & Defense, Automotive & Transportation, Electronics and Electrical Machine Manufacturing, Healthcare, Retail, Energy & Utilities, Home & Commercials, and Others.
Also, global digital twin market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East& Africa.
Global Digital Twin Market Key Competitors
Various key competitors are discussed in the global digital twin market report including General Electric, IBM, PTC, Microsoft Corporation, Siemens AG, Ansys, SAP, Oracle, Robert Bosch, and SWIM AI
Global Digital Twin Market Taxonomy
By Types
- Part Digital Twin
- Product Digital twin
- System Digital Twin
- IoT and IIot
- Blockchain
- Artificial Intelligence and Machine Learning
- Big Data Analytics
- Augmented Reality, Virtual Reality, and Mixed Reality
- Aerospace & Defense
- Automotive & Transportation
- Electronics and Electrical Machine Manufacturing
- Healthcare
- Retail
- Energy & Utilities
- Home & Commercials
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1. Executive Summary
- 1.1. Market Taxonomy
- 2. Global Digital Twin Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
- 3. Market Background
- 3.1. Forecast Factor
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Challenges
- 3.2.3. Trends
- 4. Global Digital TwinMarket Snapshot
- 5. Global Digital TwinMarket Analysis, By Types
- 5.1. Y-o-Y Growth Comparison, By Types
- 5.2. GlobalDigital Twin Market Share Analysis, By Types
- 5.3. Global Digital TwinMarket Size and Forecast, By Types
- 5.3.1 Part Digital Twin
- 5.3.2 Product Digital Twin
- 5.3.3 System Digital Twin
- 6. Global Digital Twin Market Analysis, By Technology
- 6.1. Y-o-Y Growth Comparison, By Technology
- 6.2. GlobalDigital Twin Market Share Analysis, By Technology
- 6.3. GlobalDigital Twin Market Size and Forecast, By Technology
- 6.3.1 IoT and IIot
- 6.3.2 Blockchain
- 6.3.3 Artificial Intelligence and Machine Learning
- 6.3.4 Big Data Analytics
- 6.3.5 Augmented Reality, Virtual Reality, and Mixed Reality
- 7. Global Digital Twin Market Analysis, By End Users
- 7.1. Y-o-Y Growth Comparison, By End Users
- 7.2. GlobalDigital Twin Market Share Analysis, By End Users
- 7.3. Global Digital Twin Market Size and Forecast, By Users
- 7.3.1 Aerospace & Defense
- 7.3.2 Automotive & Transportation
- 7.3.3 Electronics and Electrical Machine Manufacturing
- 7.3.4 Healthcare
- 7.3.5 Retail
- 7.3.6 Energy & Utilities
- 7.3.7 Home & Commercials
- 7.3.8 Others
- 8. Global Digital Twin Market Analysis, By Region
- 8.1. Y-o-Y Growth Comparison, By Region
- 8.2. GlobalDigital Twin Market Share Analysis, By Region
- 9. North America Digital Twin Market Analysis and Forecast (2017-2027)
- 9.1 Introduction
- 9.2 North America Digital Twin Market Analysis, By Types
- 9.3 North America Digital Twin Market Analysis, By Technology
- 9.4 North America Digital Twin Market Analysis, By End Users
- 9.5 North America Digital Twin Market Analysis, By Country
- 9.5.1 USA
- 9.5.2 Canada
- 9.5.3 Mexico
- 10. Europe Digital Twin Market Analysis and Forecast (2017-2027)
- 10.1 Introduction
- 10.2 EuropeDigital Twin Market Analysis, ByTypes
- 10.3 Europe Digital TwinMarket Analysis, By Technology
- 10.4 Europe Digital Twin Market Analysis, By End Users
- 10.5 Europe Digital Twin Market Analysis, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11. Asia Pacific Digital Twin Market Analysis and Forecast (2017-2027)
- 11.1 Introduction
- 11.2 Asia PacificDigital Twin Market Analysis, By Types
- 11.3 Asia Pacific Digital Twin Market Analysis, By Technology
- 11.4 Asia Pacific Digital TwinMarket Analysis, By End Users
- 11.5 Asia PacificDigital Twin Market Analysis, By Country
- 11.5.1 China
- 11.5.2 India
- 11.5.3 Japan
- 11.5.4 Rest of Asia Pacific
- 12. Latin AmericaDigital Twin Market Analysis and Forecast (2017-2027)
- 12.1 Introduction
- 12.2 Latin America Digital Twin Market Analysis, ByTypes
- 12.3 Latin America Digital TwinMarket Analysis, By Technology
- 12.4 Latin America Digital TwinMarket Analysis, By End Users
- 13. Middle East & Africa Digital Twin Market Analysis and Forecast (2017-2027)
- 13.1 Introduction
- 132 Middle East & Africa Digital Twin Market Analysis, By Types
- 13.3 Middle East & Africa Digital Twin Market Analysis, By Technology
- 13.4 Middle East & Africa Digital Twin Market Analysis, By End Users
- 14. Competition Analysis
- 14.1 Competition Dashboard
- 14.2 Market Share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15. Company Profiles
- 15.1 General Electric
- 15.1.1 Overview
- 15.1.2 Product Type Offerings
- 151.3 Key Financial
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 IBM
- 15.3 PTC
- 15.4 Microsoft Corporation
- 15.5 Siemens AG
- 15.6 Ansys
- 16.7 SAP
- 15.8 Oracle
- 15.9 Robert Bosch
- 15.10 SWIM AI
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