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Global Digital Twin Market By Application (Manufacturing Process Planning, Product Design & Others), By End User Sector (Manufacturing, Energy & Utilities, Transportation & Others), By Region, Competition, Forecast & Opportunities, 2014 - 2024

  • ID: 4773071
  • Report
  • Region: Global
  • 172 pages
  • TechSci Research
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Global Digital Twin Market is Projected to Grow From $3.1 Billion in 2018 to $17.4 Billion By 2024

FEATURED COMPANIES

  • ANYSYS, Inc.
  • Dassault Systèmes
  • General Electric Company
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • MORE
The global digital twin market is projected to grow from $ 3.1 billion in 2018 to $ 17.4 billion by 2024, exhibiting a CAGR of more than 33% during 2019-2024, on account of rising adoption of Industrial Internet of Things (IIoT) and use of virtual model for production line & automate the decision process. Some of the other factors expected to drive the global digital twin market include rising adoption of connected devices and Industry 4.0, which refers to the application of mining and data analytics in manufacturing technologies. Moreover, rising technology demand in diverse sectors including energy & utilities, consumer goods and transportation would fuel digital twin market, globally, through 2024.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024
Objective of the Study:
  • To define, classify and forecast the global digital twin market on the basis of application, end-use sector, region and company.
  • To analyze and forecast the global digital twin market size
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of end-user sector by segmenting the global digital twin market into various end-use sectors, namely, manufacturing, transportation, energy & utilities, healthcare, consumer goods and others (aerospace & defense, agriculture, etc.)
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of regions, namely, Asia-Pacific, South America, North America, MEA and South America.
  • To identify the drivers and challenges for the global digital twin market.
  • To strategically profile the leading players operating in the global digital twin market.
Some of the leading players in the global digital twin market include General Electric Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, PTC Inc., ANSYS, Inc., Dassault Systèmes, Siemens AG, Bosch Software Innovation Gmbh and SAP SE.

Both primary as well as exhaustive secondary research were performed for this study. Initially, the researchers sourced a list of digital twin software developers, procurers and industry experts. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. The researchers further analyzed the product offerings or variants, distribution channels, and regional presence of major digital twin software providers.

The researchers calculated the global digital twin market size by using a bottom-up approach, where data standard applications (user sectors such as Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods and Others) was recorded as well as forecast for the future years. The researchers sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of digital twin market to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, company annual reports, whitepapers, investor presentations and financial reports were also reviewed.

Key Target Audience:
  • Digital Twin Software Providers and other stakeholders
  • IoT Vendors
  • End-users of Digital Twin such as Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods and Others
  • Application or Software Developers, Entrepreneurs, Digital Twin Software Integrators
  • Associations, Organizations, Forums and Alliances associated with Digital Twin Technology & Start ups Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as digital twin software providers, procurers, customers and policy makers. The report would enable the stakeholders in identifying which market segments should be targeted in the coming years and accordingly strategize investments and capitalize on the growth 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:

Market, by Application:
  • Manufacturing Process Planning
  • Product Design
  • Others
Market, by End-Use Sector:
  • Manufacturing
  • Transportation
  • Energy & Utilities
  • Healthcare
  • Consumer Goods
  • Others
Market, by Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Region
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Singapore
  • Rest of Region
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Region
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Region
Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies providing digital twin software.

Available Customizations:

With the given market data, customisation is offered for specific needs. The following customization options are available for the report:
  • Five more players in the market
  • Further bifurcation in the regional market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ANYSYS, Inc.
  • Dassault Systèmes
  • General Electric Company
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. User vs Non User Group Analysis
4.2. Digital Twin Software, By Type Analysis
4.3. Digital Twin Software Usage, By Industrial Asset Analysis
4.4. Digital Twin Software Usage, By Type of Application
4.5. Existing Software Satisfaction Analysis

5. Global Digital Twin Market Landscape

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 Application (Manufacturing Process Planning, Product Design & Others)
6.2.2. By End User Sector (Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods & Others)
6.2.3. By Region (North America, Europe, Asia-Pacific, South America & Middle East & Africa)
6.2.4. By Company

7. Global Digital Twin Market Attractiveness Index
7.1. By Application
7.2. By End User Sector
7.3. By Region

8. North America Digital Twin Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Application (Manufacturing Process Planning, Product Design & Others)
8.2.2. By End User Sector (Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods & Others)
8.2.3. By Country
8.2.3.1. United States Digital Twin Market Outlook
8.2.3.1.1. Market Size & Outlook
8.2.3.1.1.1. By Value
8.2.3.1.2. Market Share & Forecast
8.2.3.1.2.1. By End User Sector
8.2.3.2. Canada Digital Twin Market Outlook
8.2.3.2.1. Market Size & Outlook
8.2.3.2.1.1. By Value
8.2.3.2.2. Market Share & Forecast
8.2.3.2.2.1. By End User Sector
8.2.3.3. Mexico Digital Twin Market Outlook
8.2.3.3.1. Market Size & Outlook
8.2.3.3.1.1. By Value
8.2.3.3.2. Market Share & Forecast
8.2.3.3.2.1. By End User Sector

9. Europe Digital Twin Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Application (Manufacturing Process Planning, Product Design & Others)
9.2.2. By End User Sector (Aerospace & Defense, Automotive, Manufacturing, Healthcare, Energy & Utilities & Others)
9.2.3. By Country
9.2.3.1. Germany Digital Twin Market Outlook
9.2.3.1.1. Market Size & Outlook
9.2.3.1.1.1. By Value
9.2.3.1.2. Market Share & Forecast
9.2.3.1.2.1. By End User Sector
9.2.3.2. United Kingdom Digital Twin Market Outlook
9.2.3.2.1. Market Size & Outlook
9.2.3.2.1.1. By Value
9.2.3.2.2. Market Share & Forecast
9.2.3.2.2.1. By End User Sector
9.2.3.3. France Digital Twin Market Outlook
9.2.3.3.1. Market Size & Outlook
9.2.3.3.1.1. By Value
9.2.3.3.2. Market Share & Forecast
9.2.3.3.2.1. By End User Sector
9.2.3.4. Italy Digital Twin Market Outlook
9.2.3.4.1. Market Size & Outlook
9.2.3.4.1.1. By Value
9.2.3.4.2. Market Share & Forecast
9.2.3.4.2.1. By End User Sector
9.2.3.5. Spain Digital Twin Market Outlook
9.2.3.5.1. Market Size & Outlook
9.2.3.5.1.1. By Value
9.2.3.5.2. Market Share & Forecast
9.2.3.5.2.1. By End User Sector

10. Asia-Pacific Digital Twin Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Application (Manufacturing Process Planning, Product Design & Others)
10.2.2. By End User Sector (Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods & Others)
10.2.3. By Country
10.2.3.1. China Digital Twin Market Outlook
10.2.3.1.1. Market Size & Outlook
10.2.3.1.1.1. By Value
10.2.3.1.2. Market Share & Forecast
10.2.3.1.2.1. By End User Sector
10.2.3.2. Japan Digital Twin Market Outlook
10.2.3.2.1. Market Size & Outlook
10.2.3.2.1.1. By Value
10.2.3.2.2. Market Share & Forecast
10.2.3.2.2.1. By End User Sector
10.2.3.3. South Korea Digital Twin Market Outlook
10.2.3.3.1. Market Size & Outlook
10.2.3.3.1.1. By Value
10.2.3.3.2. Market Share & Forecast
10.2.3.3.2.1. By End User Sector
10.2.3.4. India Digital Twin Market Outlook
10.2.3.4.1. Market Size & Outlook
10.2.3.4.1.1. By Value
10.2.3.4.2. Market Share & Forecast
10.2.3.4.2.1. By End User Sector
10.2.3.5. Singapore Digital Twin System Market Outlook
10.2.3.5.1. Market Size & Outlook
10.2.3.5.1.1. By Value
10.2.3.5.2. Market Share & Forecast
10.2.3.5.2.1. By End User Sector

11. Middle East & Africa Digital Twin Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Application (Manufacturing Process Planning, Product Design & Others)
11.2.2. By End User Sector (Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods & Others)
11.2.3. By Country
11.2.3.1. Turkey Digital Twin Market Outlook
11.2.3.1.1. Market Size & Outlook
11.2.3.1.1.1. By Value
11.2.3.1.2. Market Share & Forecast
11.2.3.1.2.1. By End User Sector
11.2.3.2. Saudi Arabia Digital Twin Market Outlook
11.2.3.2.1. Market Size & Outlook
11.2.3.2.1.1. By Value
11.2.3.2.2. Market Share & Forecast
11.2.3.2.2.1. By End User Sector
11.2.3.3. UAE Digital Twin Market Outlook
11.2.3.3.1. Market Size & Outlook
11.2.3.3.1.1. By Value
11.2.3.3.2. Market Share & Forecast
11.2.3.3.2.1. By End User Sector
11.2.3.4. South Africa Digital Twin Market Outlook
11.2.3.4.1. Market Size & Outlook
11.2.3.4.1.1. By Value
11.2.3.4.2. Market Share & Forecast
11.2.3.4.2.1. By End User Sector

12. South America Digital Twin Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Application (Manufacturing Process Planning, Product Design & Others)
12.2.2. By End User Sector (Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods & Others)
12.2.3. By Country
12.2.3.1. Brazil Digital Twin Market Outlook
12.2.3.1.1. Market Size & Outlook
12.2.3.1.1.1. By Value
12.2.3.1.2. Market Share & Forecast
12.2.3.1.2.1. By End User Sector
12.2.3.2. Argentina Digital Twin Market Outlook
12.2.3.2.1. Market Size & Outlook
12.2.3.2.1.1. By Value
12.2.3.2.2. Market Share & Forecast
12.2.3.2.2.1. By End User Sector
12.2.3.3. Colombia Digital Twin Market Outlook
12.2.3.3.1. Market Size & Outlook
12.2.3.3.1.1. By Value
12.2.3.3.2. Market Share & Forecast
12.2.3.3.2.1. By End User Sector


13. Market Dynamics
13.1. Impact Analysis
13.2. Drivers
13.3. Challenges

14. Market Trends & Developments

15. Competitive Landscape
15.1. Competitive Benchmarking
15.2. Company Profiles
15.2.1. Siemens AG
15.2.2. General Electric Company
15.2.3. IBM Corporation
15.2.4. SAP SE
15.2.5. Microsoft Corporation
15.2.6. PTC Inc.
15.2.7. ANYSYS, Inc.
15.2.8. Oracle Corporation
15.2.9. Dassault Systèmes
15.2.10. Bosch Software Innovations GmbH

16. Strategic Recommendations
Note: Product cover images may vary from those shown
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  • Siemens AG
  • General Electric Company
  • IBM Corporation
  • SAP SE
  • Microsoft Corporation
  • PTC Inc.
  • ANYSYS, Inc.
  • Oracle Corporation
  • Dassault Systèmes
  • Bosch Software Innovations GmbH
Note: Product cover images may vary from those shown
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