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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 Twin is first used for Aerospace & Defense, but it can be used for Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Other industry. Machine Manufacturing took up about 38.5% of the global total in 2017.
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 Twin Technology market size was 1880 million US$ and it is expected to reach 13500 million US$ by the end of 2025, with a CAGR of 32.4% during 2019-2025.
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Digital Twin Technology Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, market size, regional market size analysis, market size forecast, etc.)
• Parts Twin
• Product Twin
• Process Twin
• System Twin
Digital Twin Technology Market is studied for the following applications:
(Each application is covered in the terms of market share, market size, regional market size analysis, market size forecast, etc.)
• Aerospace & Defense
• Automotive & Transportation
• Machine Manufacturing
• Energy & Utilities
• Others
Key companies profiled in this report are General Electric, Ptc, Siemens, Dassault Systèmes, Ibm Corporation, Ansys, Microsoft Corporation, Oracle Corporation and more. These companies are profiled in the terms of company basic details, business overview, product knowledge, historical revenue and recent developments.
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Through the various topics covered in this report; it provides key insight of the market like Market size and share by regions, trends, driver, opportunities, revenue, market share of companies, their products, mergers & acquisitions, market size by types & applications for United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. With this strong base, this report also provides the estimated forecast to 2025 by product types, applications and by regions.
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Release ID: 472112
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