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Global Digital Twin Market, By Type (Process, Product, System), By Technology (Internet of Things, Artificial Intelligence and Machine Learning, Blockchain, Big Data Analytics, Extended Reality, 5G), By Application (Manufacturing Process Planning, Product

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from $4,900 113 Pages TechSci Research December, 2021 TCSI16872087
Best Price Guarantee
Price from $4,900
Length 113 Pages
Publisher TechSci Research
Published Date December, 2021
SKU TCSI16872087

Global Digital Twin Market, By Type (Process, Product, System), By Technology (Internet of Things, Artificial Intelligence and Machine Learning, Blockchain, Big Data Analytics, Extended Reality, 5G), By Application (Manufacturing Process Planning, Product Design, Predictive Maintenance, Others), By End User (Manufacturing, Automobile and Transportation, Healthcare and Lifesciences, Energy and Utilities, Aerospace and Defense, Others), By Region, Competition Forecast & Opportunities, 2026

Global digital twin market stood at USD5.715 billion in 2020 and is projected to grow with a CAGR of 33.28% during the forecast period, 2022-2026. The manufacturing industry is considered one of the major revenues generating industries around the globe. Increasing awareness about the benefits of using automation technology and integrating novel technologies like cloud computing and analytics, machine learning, artificial intelligence, blockchain in the production process to amplify the production volume is fueling the adoption of digital twin technology in the manufacturing industry. Robotics, advanced sensors and the use of embedded software aiming at the collection of real-time data to allow analyzing and monitoring of data to make smart decisions during the production process are proliferating the adoption of digital twin technology in the manufacturing industries. Advancements in the field of Virtual Reality (VR) and Augmented Reality (AR), and the rise in the adoption of digital twin technology in the supply chain management is expected to boost the demand of the global digital twin market.

However, less awareness about the cost benefits of adopting digital twin technology and lower availability of skilled workforce may restrain the global digital twin market growth in the next five years.

The global digital twin market can be segmented based on type, technology, application, end user, and region. On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the next five years. High internet penetration and the increase of advanced consumer electronic devices in the region are fueling the demand for the implementation of advanced technologies to boost the sales of the product. Favorable government policies of developing countries like India aiming to strengthen the ICT infrastructure and undertaking initiatives to accelerate digital transformation and construction of smart cities is expected to create significant growth opportunities for the digital twin market in the region. The development of the digital healthcare system to magnify the living standards and offer quality healthcare services are bolstering the adoption of the digital twin technology in the healthcare sector.

Dassault Systems Inc, PTC Inc, Siemens AG, General Electric Company, Aveva Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, Honeywell International Inc. ABB Group, Rockwell Automation, Swim.ai, Inc., Bentley Systems, Incorporated, Bosch Rexroth AG are the major players operating in the global digital twin market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze the historical growth in the market size of the global digital twin market from 2016 to 2020.
  • To estimate and forecast the market size of global digital twin market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast the global digital twin market based on type, technology, application, end user, company, and regional distribution.
  • To identify the dominant region or segment in the global digital twin market.
  • To identify drivers and challenges for the global digital twin market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global digital twin market.
  • To identify and analyze the profiles of leading players operating in the global digital twin market.
  • To identify key sustainable strategies adopted by market players in the global digital twin market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of the global digital twin market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Digital twin service providers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to digital twin
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global digital twin market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Digital Twin Market, By Type:
  • Process
  • Product
  • System
  • Digital Twin Market, By Technology:
  • Internet of Things
  • Artificial Intelligence & Machine Learning
  • Blockchain
  • Big Data Analytics
  • Extended Reality
  • 5G
  • Digital Twin Market, By Application:
  • Manufacturing Process Planning
  • Product Design
  • Predictive maintenance
  • Others
  • Digital Twin Market, By End User:
  • Manufacturing
  • Automobile & Transportation
  • Healthcare and Lifesciences
  • Energy & Utilities
  • Aerospace and Defence
  • Others
  • Digital Twin Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Italy
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
  • Vietnam
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Turkey
  • Egypt
  • Nigeria
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Chile
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global digital twin market.

Companies Mentioned

1.Aveva Inc
2.Dassault Systems Inc
3.PTC Inc
4.Siemens AG
5.General Electric Company
6.Oracle Corporation
7.Microsoft Corporation
8.IBM Corporation
9.Schneider Electric
10.Honeywell International Inc.
11.ABB Group
12.Rockwell Automation
13.Swim.ai, Inc.
14.Bentley Systems, Incorporated
15.Bosch Rexroth AG

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Digital Twin Market
4. Executive Summary
5. Voice of Customer
5.1. Digital Twin Usage Percent Share, By Type of Industrial Asset
5.2. Digital Twin Usage Percent Share, By Type of Application
5.3. Satisfaction Score - Existing Digital Twin Software
5.4. Percent Usage Share, By Type of Digital Twin Software
6. Global Digital Twin Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Process, Product, System)
6.2.2. By Technology (Internet of Things, Artificial Intelligence & Machine Learning, Blockchain, Big Data Analytics, Extended Reality, 5G)
6.2.3. By Application (Manufacturing Process Planning, Product Design, Predictive Maintenance, Others)
6.2.4. By End User (Manufacturing, Automobile and Transportation, Healthcare and Lifesciences, Energy and Utilities, Aerospace and Defense, Others)
6.2.5. By Company (2020)
6.2.6. By Region
6.3. Market Map
7. North America Digital Twin Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Technology
7.2.3. By Application
7.2.4. By End User
7.2.5. By Country
7.3. North America: Country Analysis
7.3.1. United States Digital Twin Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Technology
7.3.1.2.3. By Application
7.3.1.2.4. By End User
7.3.2. Canada Digital Twin Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Technology
7.3.2.2.3. By Application
7.3.2.2.4. By End User
7.3.3. Mexico Digital Twin Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Technology
7.3.3.2.3. By Application
7.3.3.2.4. By End User
8. Europe Digital Twin Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Technology
8.2.3. By Application
8.2.4. By End User
8.2.5. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Digital Twin Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Technology
8.3.1.2.3. By Application
8.3.1.2.4. By End User
8.3.2. United Kingdom Digital Twin Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Technology
8.3.2.2.3. By Application
8.3.2.2.4. By End User
8.3.3. France Digital Twin Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Technology
8.3.3.2.3. By Application
8.3.3.2.4. By End User
8.3.4. Russia Digital Twin Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Technology
8.3.4.2.3. By Application
8.3.4.2.4. By End User
8.3.5. Italy Digital Twin Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Technology
8.3.5.2.3. By Application
8.3.5.2.4. By End User
9. Asia-Pacific Digital Twin Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Technology
9.2.3. By Application
9.2.4. By End User
9.2.5. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Digital Twin Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Technology
9.3.1.2.3. By Application
9.3.1.2.4. By End User
9.3.2. Japan Digital Twin Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Technology
9.3.2.2.3. By Application
9.3.2.2.4. By End User
9.3.3. India Digital Twin Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Technology
9.3.3.2.3. By Application
9.3.3.2.4. By End User
9.3.4. South Korea Digital Twin Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Technology
9.3.4.2.3. By Application
9.3.4.2.4. By End User
9.3.5. Australia Digital Twin Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Type
9.3.5.2.2. By Technology
9.3.5.2.3. By Application
9.3.5.2.4. By End User
9.3.6. Singapore Digital Twin Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Type
9.3.6.2.2. By Technology
9.3.6.2.3. By Application
9.3.6.2.4. By End User
9.3.7. Vietnam Digital Twin Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Type
9.3.7.2.2. By Technology
9.3.7.2.3. By Application
9.3.7.2.4. By End User
10. Middle East and Africa Digital Twin Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Technology
10.2.3. By Application
10.2.4. By End User
10.2.5. By Country
10.3. MEA: Country Analysis
10.3.1. UAE Digital Twin Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Technology
10.3.1.2.3. By Application
10.3.1.2.4. By End User
10.3.2. Saudi Arabia Digital Twin Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Technology
10.3.2.2.3. By Application
10.3.2.2.4. By End User
10.3.3. South Africa Digital Twin Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Technology
10.3.3.2.3. By Application
10.3.3.2.4. By End User
10.3.4. Turkey Digital Twin Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Technology
10.3.4.2.3. By Application
10.3.4.2.4. By End User
10.3.5. Egypt Digital Twin Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Type
10.3.5.2.2. By Technology
10.3.5.2.3. By Application
10.3.5.2.4. By End User
10.3.6. Nigeria Digital Twin Market Outlook
10.3.6.1. Market Size & Forecast
10.3.6.1.1. By Value
10.3.6.2. Market Share & Forecast
10.3.6.2.1. By Type
10.3.6.2.2. By Technology
10.3.6.2.3. By Application
10.3.6.2.4. By End User
11. South America Digital Twin Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Technology
11.2.3. By Application
11.2.4. By End User
11.2.5. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Digital Twin Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Type
11.3.1.2.2. By Technology
11.3.1.2.3. By Application
11.3.1.2.4. By End User
11.3.2. Argentina Digital Twin Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Type
11.3.2.2.2. By Technology
11.3.2.2.3. By Application
11.3.2.2.4. By End User
11.3.3. Colombia Digital Twin Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Type
11.3.3.2.2. By Technology
11.3.3.2.3. By Application
11.3.3.2.4. By End User
11.3.4. Chile Digital Twin Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Type
11.3.4.2.2. By Technology
11.3.4.2.3. By Application
11.3.4.2.4. By End User
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Aveva Inc
14.2. Dassault Systems Inc
14.3. PTC Inc
14.4. Siemens AG
14.5. General Electric Company
14.6. Oracle Corporation
14.7. Microsoft Corporation
14.8. IBM Corporation
14.9. Schneider Electric
14.10. Honeywell International Inc.
14.11. ABB Group
14.12. Rockwell Automation
14.13. Swim.ai, Inc.
14.14. Bentley Systems, Incorporated
14.15. Bosch Rexroth AG
15. Strategic Recommendations
16. About Us & Disclaimer

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