Digital Twin Market, Global Outlook and Forecast 2023-2029

Report ID: MMG38694 | Category: Service & Software | Pages: 60 | Format: PDF | Published Date: February 21,2023

Request Sample Enquiry before buying Ask For Discount

Single User-$3250.00 Multi User-$4225.00

Report Description
View Table of Contents

Report Summary

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.
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. This report contains market size and forecasts of Digital Twin in global, including the following market information:
Global Digital Twin Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Digital Twin market was valued at US$ 1826.4 million in 2022 and is projected to reach US$ 4052.3 million by 2029, at a CAGR of 12.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global digital twin key players include General Electric, PTC, Siemens etc. Global top 5 manufacturers hold a share about 65%. North America is the largest market, with a share about 53%, followed by Europe, have a share over 38 percent.In terms of product, system twin is the largest segment, with a share over 55%. And in terms of application, the largest application is machine manufacturing, followed by energy & utilities.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digital Twin companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Twin Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Digital Twin Market Segment Percentages, by Type, 2022 (%)
    System Twin
    Process Twin
    Asset Twin
Global Digital Twin Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Digital Twin Market Segment Percentages, by Application, 2022 (%)
    Aerospace and Defense
    Automotive and Transportation
    Machine Manufacturing
    Energy and Utilities
    Others
Global Digital Twin Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Digital Twin Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Twin revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Digital Twin revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    General Electric
    PTC
    Siemens
    Dassault Systèmes
    IBM Corporation
    ANSYS
    Microsoft Corporation
    Oracle Corporation
    Accenture (Mackevision)
    SAP
    AVEVA Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Twin, market overview.
Chapter 2: Global Digital Twin market size in revenue.
Chapter 3: Detailed analysis of Digital Twin company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Digital Twin in regional level and country level. It 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Digital Twin Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Digital Twin Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Digital Twin Overall Market Size
    2.1 Global Digital Twin Market Size: 2022 VS 2029
    2.2 Global Digital Twin Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Digital Twin Players in Global Market
    3.2 Top Global Digital Twin Companies Ranked by Revenue
    3.3 Global Digital Twin Revenue by Companies
    3.4 Top 3 and Top 5 Digital Twin Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Digital Twin Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Digital Twin Players in Global Market
        3.6.1 List of Global Tier 1 Digital Twin Companies
        3.6.2 List of Global Tier 2 and Tier 3 Digital Twin Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Digital Twin Market Size Markets, 2022 & 2029
        4.1.2 System Twin
        4.1.3 Process Twin
        4.1.4 Asset Twin
    4.2 By Type - Global Digital Twin Revenue & Forecasts
        4.2.1 By Type - Global Digital Twin Revenue, 2018-2023
        4.2.2 By Type - Global Digital Twin Revenue, 2024-2029
        4.2.3 By Type - Global Digital Twin Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Digital Twin Market Size, 2022 & 2029
        5.1.2 Aerospace and Defense
        5.1.3 Automotive and Transportation
        5.1.4 Machine Manufacturing
        5.1.5 Energy and Utilities
        5.1.6 Others
    5.2 By Application - Global Digital Twin Revenue & Forecasts
        5.2.1 By Application - Global Digital Twin Revenue, 2018-2023
        5.2.2 By Application - Global Digital Twin Revenue, 2024-2029
        5.2.3 By Application - Global Digital Twin Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Digital Twin Market Size, 2022 & 2029
    6.2 By Region - Global Digital Twin Revenue & Forecasts
        6.2.1 By Region - Global Digital Twin Revenue, 2018-2023
        6.2.2 By Region - Global Digital Twin Revenue, 2024-2029
        6.2.3 By Region - Global Digital Twin Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Digital Twin Revenue, 2018-2029
        6.3.2 US Digital Twin Market Size, 2018-2029
        6.3.3 Canada Digital Twin Market Size, 2018-2029
        6.3.4 Mexico Digital Twin Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Digital Twin Revenue, 2018-2029
        6.4.2 Germany Digital Twin Market Size, 2018-2029
        6.4.3 France Digital Twin Market Size, 2018-2029
        6.4.4 U.K. Digital Twin Market Size, 2018-2029
        6.4.5 Italy Digital Twin Market Size, 2018-2029
        6.4.6 Russia Digital Twin Market Size, 2018-2029
        6.4.7 Nordic Countries Digital Twin Market Size, 2018-2029
        6.4.8 Benelux Digital Twin Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Digital Twin Revenue, 2018-2029
        6.5.2 China Digital Twin Market Size, 2018-2029
        6.5.3 Japan Digital Twin Market Size, 2018-2029
        6.5.4 South Korea Digital Twin Market Size, 2018-2029
        6.5.5 Southeast Asia Digital Twin Market Size, 2018-2029
        6.5.6 India Digital Twin Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Digital Twin Revenue, 2018-2029
        6.6.2 Brazil Digital Twin Market Size, 2018-2029
        6.6.3 Argentina Digital Twin Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Digital Twin Revenue, 2018-2029
        6.7.2 Turkey Digital Twin Market Size, 2018-2029
        6.7.3 Israel Digital Twin Market Size, 2018-2029
        6.7.4 Saudi Arabia Digital Twin Market Size, 2018-2029
        6.7.5 UAE Digital Twin Market Size, 2018-2029
7 Digital Twin Companies Profiles
    7.1 General Electric
        7.1.1 General Electric Company Summary
        7.1.2 General Electric Business Overview
        7.1.3 General Electric Digital Twin Major Product Offerings
        7.1.4 General Electric Digital Twin Revenue in Global Market (2018-2023)
        7.1.5 General Electric Key News & Latest Developments
    7.2 PTC
        7.2.1 PTC Company Summary
        7.2.2 PTC Business Overview
        7.2.3 PTC Digital Twin Major Product Offerings
        7.2.4 PTC Digital Twin Revenue in Global Market (2018-2023)
        7.2.5 PTC Key News & Latest Developments
    7.3 Siemens
        7.3.1 Siemens Company Summary
        7.3.2 Siemens Business Overview
        7.3.3 Siemens Digital Twin Major Product Offerings
        7.3.4 Siemens Digital Twin Revenue in Global Market (2018-2023)
        7.3.5 Siemens Key News & Latest Developments
    7.4 Dassault Systèmes
        7.4.1 Dassault Systèmes Company Summary
        7.4.2 Dassault Systèmes Business Overview
        7.4.3 Dassault Systèmes Digital Twin Major Product Offerings
        7.4.4 Dassault Systèmes Digital Twin Revenue in Global Market (2018-2023)
        7.4.5 Dassault Systèmes Key News & Latest Developments
    7.5 IBM Corporation
        7.5.1 IBM Corporation Company Summary
        7.5.2 IBM Corporation Business Overview
        7.5.3 IBM Corporation Digital Twin Major Product Offerings
        7.5.4 IBM Corporation Digital Twin Revenue in Global Market (2018-2023)
        7.5.5 IBM Corporation Key News & Latest Developments
    7.6 ANSYS
        7.6.1 ANSYS Company Summary
        7.6.2 ANSYS Business Overview
        7.6.3 ANSYS Digital Twin Major Product Offerings
        7.6.4 ANSYS Digital Twin Revenue in Global Market (2018-2023)
        7.6.5 ANSYS Key News & Latest Developments
    7.7 Microsoft Corporation
        7.7.1 Microsoft Corporation Company Summary
        7.7.2 Microsoft Corporation Business Overview
        7.7.3 Microsoft Corporation Digital Twin Major Product Offerings
        7.7.4 Microsoft Corporation Digital Twin Revenue in Global Market (2018-2023)
        7.7.5 Microsoft Corporation Key News & Latest Developments
    7.8 Oracle Corporation
        7.8.1 Oracle Corporation Company Summary
        7.8.2 Oracle Corporation Business Overview
        7.8.3 Oracle Corporation Digital Twin Major Product Offerings
        7.8.4 Oracle Corporation Digital Twin Revenue in Global Market (2018-2023)
        7.8.5 Oracle Corporation Key News & Latest Developments
    7.9 Accenture (Mackevision)
        7.9.1 Accenture (Mackevision) Company Summary
        7.9.2 Accenture (Mackevision) Business Overview
        7.9.3 Accenture (Mackevision) Digital Twin Major Product Offerings
        7.9.4 Accenture (Mackevision) Digital Twin Revenue in Global Market (2018-2023)
        7.9.5 Accenture (Mackevision) Key News & Latest Developments
    7.10 SAP
        7.10.1 SAP Company Summary
        7.10.2 SAP Business Overview
        7.10.3 SAP Digital Twin Major Product Offerings
        7.10.4 SAP Digital Twin Revenue in Global Market (2018-2023)
        7.10.5 SAP Key News & Latest Developments
    7.11 AVEVA Group
        7.11.1 AVEVA Group Company Summary
        7.11.2 AVEVA Group Business Overview
        7.11.3 AVEVA Group Digital Twin Major Product Offerings
        7.11.4 AVEVA Group Digital Twin Revenue in Global Market (2018-2023)
        7.11.5 AVEVA Group Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

FAQ's

What does the report cover (Scope)?

It contains all the geographic trends, and market analysis for global market

ENTER REPORT NAME TO SEARCH

Digital Twin Market, Global Outlook and Forecast 2023-2029

Report Summary

Table of Contents

FAQ's

What does the report cover (Scope)?