Digital Twins
Global Digital Twins Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027
Report ID: BMRC 1936 | Number of pages: 196 | Publish Date: Jan 2021 | Category: ICT and MediaLatest research report on Digital Twins Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
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.
China, Japan, India and S. Korea, etc. are now the key developing market of Digital Twin in the future while they are all just at the beginning of digital twin technology. There are few vendors to have digital twin technology, and the Chinese market is still much smaller than the USA. Chinese AVIC have signed an agreement with French Dassault Systèmes to develop the digital twin in Jun. 2017.
In 2018, the global Digital Twins market size was 1240 million US$ and it is expected to reach 13800 million US$ by the end of 2025, with a CAGR of 35.1% during 2019-2025.
This report focuses on the global Digital Twins status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Twins development in United States, Europe and China.
The key players covered in this study
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Market segment by Type, the product can be split into
Parts Twin
Product Twin
Process Twin
System Twin
Market segment by Application, split into
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
OthersIn this study, the years considered to estimate the market size of Digital Twins are as follows:
History Year: 2018-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2027
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Digital Twins status, future forecast, growth opportunity, key market and key players.
To present the Digital Twins development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Content 1. Chapter - Report Methodology 1.1. Research Process 1.2. Primary Research 1.3. Secondary Research 1.4. Market Size Estimates 1.5. Data Triangulation 1.6. Forecast Model 1.7. USP’s of Report 1.8. Report Description 2. Chapter – Global Digital Twins Market Overview: Qualitative Analysis 2.1. Market Introduction 2.2. Executive Summary 2.3. Global Digital Twins Market Classification 2.4. Market Drivers 2.5. Market Restraints 2.6. Market Opportunity 2.7. Digital Twins Market: Trends 2.8. Porter’s Five Forces Analysis 2.8.1. Bargaining Power of Suppliers 2.8.2. Bargaining Power of Consumers 2.8.3. Threat of New Entrants 2.8.4. Threat of Substitute Product and Services 2.8.5. Competitive Rivalry within the Industry 2.9. Market Attractiveness Analysis 2.9.1. Market Attractiveness Analysis by Segmentation 2.9.2. Market Attractiveness Analysis by Region 3. Chapter - Global Digital Twins Market Overview: Quantitative Analysis 3.1. Global Digital Twins Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2018- 2027 3.2. Global Digital Twins Market Revenue Market Share (%), 2018- 2027 3.3. Global Digital Twins Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2018- 2027 3.4. Global Digital Twins Market Sales Market Share (%), 2018- 2027 4. Chapter – Global Digital Twins Market Analysis: Segmentation By Type 5. Chapter – Global Digital Twins Market Analysis: Segmentation By Application 6. Chapter - Global Digital Twins Market Analysis: By Manufacturer 6.1. Global Digital Twins Market Revenue (USD Million), by Manufacturer, 2018 - 2027 6.2. Global Digital Twins Market Share (%), by Manufacturer, 2021 6.3. Global Digital Twins Market Sales (Number of Units), by Manufacturer, 2018 - 2027 6.4. Global Digital Twins Market Share (%), by Manufacturer, 2021 6.5. Global Digital Twins Market Price (USD/Unit), by Manufacturer, 2018 - 2027 6.6. Global Digital Twins Market Revenue Growth Rate (%), by Manufacturer, 2018 – 2027 6.7. Merger & Acquisition 6.8. Collaborations and Partnership 6.9. New Product Launch 7. Chapter –Digital Twins Market: Regional Analysis 7.1. North America 7.1.1. North America Digital Twins Market Revenue (USD Million) and Growth Rate (%), 2018 – 2027. 7.1.2. North America Digital Twins Market Revenue (USD Million) By Country, 2018 – 2027. 7.1.3. North America Digital Twins Revenue Market Share (%) By Country, 2018 – 2027. 7.1.4. North America Digital Twins Market Revenue (USD Million) and Growth Rate, By Market Segmentation, 2018 – 2027. 7.1.5. North America Digital Twins Market Revenue (USD Million), Market Share (%) and Growth Rate, By Market Segmentation, 2018 – 2027. 7.1.6. North America Digital Twins Market Sales (Number of Units) and Growth Rate (%), 2018 – 2027. 7.1.7. North America Digital Twins Market Sales (Number of Units) By Country, 2018 – 2027. 7.1.8. North America Digital Twins Sales Market Share (%) By Country, 2018 – 2027. 7.1.9. North America Digital Twins Market Sales (Number of Units) and Growth Rate, By Market Segmentation, 2018 – 2027. 7.1.10. North America Digital Twins Market Sales (Number of Units), Market Share (%) and Growth Rate, By Market Segmentation, 2018 – 2027. 7.2. Europe 7.3. Asia Pacific 7.4. Latin America 7.5. Middle East & Africa 8. Chapter - Company Profiles