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Digital Twin Market By Type, By Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 260 Pages
  • July 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671056
Description Jump to:
The global digital twin market is estimated to be valued at $1,25,717.4 million by 2030, surging from $6,500.3 million in 2021, at a noteworthy CAGR of 39.48%.

A virtual machine that dynamically represents a physical object or process in real-time online is called a digital twin. Through the use of data and intelligence, simulation models are used to profile, forecast, and improve the performance of industrial assets. Digital Twin is a crucial part of the Industrial Internet of Things because it enables automatic vehicle control and monitoring of industrial assets and processes like product development, design & manufacturing planning, investment performance management, business & operation optimization, and so forth.

It is anticipated that the combination of digital twin technology with IoT, machine learning, and cloud computing would accelerate market growth even more. Businesses are using Internet of Things and AI technologies to collect and analyze behavioral data from IoT devices and linked products, which may subsequently be applied to the digital twin model to replicate the functionality and use of the actual gadget. Engineers and designers may track the performance of their products, find problems, and forecast future iterations of frequent problems thanks to this course. The adoption of these technologies helps businesses enhance system productivity and operational efficiency, which eventually enhances the performance of their products.

As there is a shortage of experienced labor, installation costs are high upfront and require substantial maintenance costs, which is preventing the market from expanding as expected in the coming years.

The worldwide digital twin market is anticipated to benefit from the novel COVID-19 epidemic. Major manufacturers increased their market share in the general marketplace during the pandemic by utilizing a range of techniques, including product releases, product improvements, and R&D spending. By implementing this plan, the corporation hoped to provide cutting-edge solutions for effective operations, enhance product quality, boost safety, and decrease downtime. Due to this feature, the industry is anticipated to grow throughout the emergency time and demand for digital twins would rise.

Some of the leading digital twin market players are ABB Group, ANSYS Inc., Accenture PLC, Bentley systems corporation,AVEVA Inc, Bosch, Oracle Corporation, Siemens AG, Rockwell Automation Inc, and Schneider Electric.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital twin market analysis from 2021 to 2030 to identify the prevailing digital twin market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the digital twin market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global digital twin market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • System Digital Twin
  • Product Digital Twin
  • Process Digital Twin

By Industry

  • Aerospace Defense
  • Automotive Transportation
  • Home Commercial
  • Healthcare
  • Energy Utilities
  • Oil Gas
  • Agriculture
  • Telecommunication
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of LAMEA

Key Market Players

  • ABB Group
  • ANSYS Inc.
  • Accenture plc
  • Autodesk Inc
  • bentley systems
  • AVEVA Inc.
  • bosch rexroth ag
  • Oracle Corporation
  • Siemens AG
  • Rockwell Automation Inc.
  • Schneider Electric

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Regulatory Guidelines
3.8.Value Chain Analysis
3.9.Market Share Analysis
3.10.Key Regulation Analysis
3.11.Patent Landscape
CHAPTER 4: DIGITAL TWIN MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 System Digital Twin
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Product Digital Twin
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Process Digital Twin
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: DIGITAL TWIN MARKET, BY INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Aerospace & Defense
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Automotive & Transportation
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Home & Commercial
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Healthcare
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Energy & Utilities
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7 Oil & Gas
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country
5.8 Agriculture
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market share analysis by country
5.9 Telecommunication
5.9.1 Key market trends, growth factors and opportunities
5.9.2 Market size and forecast, by region
5.9.3 Market share analysis by country
6.0 Others
6.0.1 Key market trends, growth factors and opportunities
6.0.2 Market size and forecast, by region
6.0.3 Market share analysis by country
CHAPTER 6: DIGITAL TWIN MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Type
6.2.4.1.3 Market size and forecast, by Industry
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Type
6.2.4.2.3 Market size and forecast, by Industry
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Type
6.2.4.3.3 Market size and forecast, by Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Type
6.3.4.1.3 Market size and forecast, by Industry
6.3.4.2 United Kingdom
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Type
6.3.4.2.3 Market size and forecast, by Industry
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Type
6.3.4.3.3 Market size and forecast, by Industry
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Type
6.3.4.4.3 Market size and forecast, by Industry
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Type
6.3.4.5.3 Market size and forecast, by Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Type
6.3.4.6.3 Market size and forecast, by Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Type
6.4.4.1.3 Market size and forecast, by Industry
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Type
6.4.4.2.3 Market size and forecast, by Industry
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Type
6.4.4.3.3 Market size and forecast, by Industry
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Type
6.4.4.4.3 Market size and forecast, by Industry
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Type
6.4.4.5.3 Market size and forecast, by Industry
6.4.4.6 Rest Of Asia Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Type
6.4.4.6.3 Market size and forecast, by Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Type
6.5.4.1.3 Market size and forecast, by Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Type
6.5.4.2.3 Market size and forecast, by Industry
6.5.4.3 UAE
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Type
6.5.4.3.3 Market size and forecast, by Industry
6.5.4.4 South Africa
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Type
6.5.4.4.3 Market size and forecast, by Industry
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Key market trends, growth factors and opportunities
6.5.4.5.2 Market size and forecast, by Type
6.5.4.5.3 Market size and forecast, by Industry
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ABB Group
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 ANSYS Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Accenture plc
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Autodesk Inc
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 bentley systems
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 AVEVA Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 bosch rexroth ag
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Oracle Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Siemens AG
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Rockwell Automation Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Schneider Electric
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
List of Tables
Table 1. Global Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 2. Concrete Conditioner Market Revenue, for Dry, by Region , 2021-2030,($Million)
Table 3. Concrete Conditioner Market for Dry by Country, 2021-2030,($Million)
Table 4. Concrete Conditioner Market Revenue, for Wet, by Region , 2021-2030,($Million)
Table 5. Concrete Conditioner Market for Wet by Country, 2021-2030,($Million)
Table 6. Global Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 7. Concrete Conditioner Market Revenue, for New, by Region , 2021-2030,($Million)
Table 8. Concrete Conditioner Market for New by Country, 2021-2030,($Million)
Table 9. Concrete Conditioner Market Revenue, for Renovation, by Region , 2021-2030,($Million)
Table 10. Concrete Conditioner Market for Renovation by Country, 2021-2030,($Million)
Table 11. Global Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 12. Concrete Conditioner Market Revenue, for Residential, by Region , 2021-2030,($Million)
Table 13. Concrete Conditioner Market for Residential by Country, 2021-2030,($Million)
Table 14. Concrete Conditioner Market Revenue, for Non-Residential, by Region , 2021-2030,($Million)
Table 15. Concrete Conditioner Market for Non-Residential by Country, 2021-2030,($Million)
Table 16. Concrete Conditioner Market, by Region, 2021-2030,($Million)
Table 17. North America Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 18. North America Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 19. North America Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 20. North America Concrete Conditioner Market, by Country, 2021-2030,($Million)
Table 21. U.S. Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 22. U.S. Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 23. U.S. Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 24. Canada Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 25. Canada Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 26. Canada Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 27. Mexico Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 28. Mexico Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 29. Mexico Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 30. Europe Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 31. Europe Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 32. Europe Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 33. Europe Concrete Conditioner Market, by Country, 2021-2030,($Million)
Table 34. Germany Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 35. Germany Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 36. Germany Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 37. U.K. Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 38. U.K. Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 39. U.K. Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 40. France Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 41. France Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 42. France Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 43. Spain Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 44. Spain Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 45. Spain Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 46. Italy Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 47. Italy Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 48. Italy Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 49. Rest of Europe Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 50. Rest of Europe Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 51. Rest of Europe Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 52. Asia-Pacific Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 53. Asia-Pacific Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 54. Asia-Pacific Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 55. Asia-Pacific Concrete Conditioner Market, by Country, 2021-2030,($Million)
Table 56. China Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 57. China Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 58. China Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 59. Japan Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 60. Japan Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 61. Japan Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 62. India Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 63. India Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 64. India Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 65. Australia Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 66. Australia Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 67. Australia Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 68. South Korea Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 69. South Korea Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 70. South Korea Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 71. Rest of Asia-Pacific Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 72. Rest of Asia-Pacific Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 73. Rest of Asia-Pacific Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 74. LAMEA Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 75. LAMEA Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 76. LAMEA Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 77. LAMEA Concrete Conditioner Market, by Country, 2021-2030,($Million)
Table 78. Brazil Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 79. Brazil Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 80. Brazil Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 81. Saudi Arabia Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 82. Saudi Arabia Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 83. Saudi Arabia Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 84. UAE Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 85. UAE Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 86. UAE Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 87. South Africa Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 88. South Africa Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 89. South Africa Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 90. Rest of LAMEA Concrete Conditioner Market, by Method, 2021-2030,($Million)
Table 91. Rest of LAMEA Concrete Conditioner Market, by Construction Type, 2021-2030,($Million)
Table 92. Rest of LAMEA Concrete Conditioner Market, by End-Use, 2021-2030,($Million)
Table 93. Pittsburgh Plate Glass Industries, Inc.: Company Snapshot
Table 94. Pittsburgh Plate Glass Industries, Inc.: Operating Segments
Table 95. Pittsburgh Plate Glass Industries, Inc.: Product Portfolio
Table 96. Pittsburgh Plate Glass Industries, Inc.: Net Sales
Table 97. Pittsburgh Plate Glass Industries, Inc.: Key Stratergies
Table 98.3M: Company Snapshot
Table 99.3M: Operating Segments
Table 100.3M: Product Portfolio
Table 101.3M: Net Sales
Table 102.3M: Key Stratergies
Table 103. Basf Se: Company Snapshot
Table 104. Basf Se: Operating Segments
Table 105. Basf Se: Product Portfolio
Table 106. Basf Se: Net Sales
Table 107. Basf Se: Key Stratergies
Table 108. Sika Ag: Company Snapshot
Table 109. Sika Ag: Operating Segments
Table 110. Sika Ag: Product Portfolio
Table 111. Sika Ag: Net Sales
Table 112. Sika Ag: Key Stratergies
Table 113. Ultra Tech Cement Limited: Company Snapshot
Table 114. Ultra Tech Cement Limited: Operating Segments
Table 115. Ultra Tech Cement Limited: Product Portfolio
Table 116. Ultra Tech Cement Limited: Net Sales
Table 117. Ultra Tech Cement Limited: Key Stratergies
Table 118. The Sherwin Williams Company: Company Snapshot
Table 119. The Sherwin Williams Company: Operating Segments
Table 120. The Sherwin Williams Company: Product Portfolio
Table 121. The Sherwin Williams Company: Net Sales
Table 122. The Sherwin Williams Company: Key Stratergies
Table 123. Boral Limited: Company Snapshot
Table 124. Boral Limited: Operating Segments
Table 125. Boral Limited: Product Portfolio
Table 126. Boral Limited: Net Sales
Table 127. Boral Limited: Key Stratergies
Table 128. Solomon Colors Inc.: Company Snapshot
Table 129. Solomon Colors Inc.: Operating Segments
Table 130. Solomon Colors Inc.: Product Portfolio
Table 131. Solomon Colors Inc.: Net Sales
Table 132. Solomon Colors Inc.: Key Stratergies
Table 133. Vexcon Chemicals Inc.: Company Snapshot
Table 134. Vexcon Chemicals Inc.: Operating Segments
Table 135. Vexcon Chemicals Inc.: Product Portfolio
Table 136. Vexcon Chemicals Inc.: Net Sales
Table 137. Vexcon Chemicals Inc.: Key Stratergies
Table 138. The Euclid Chemical Company: Company Snapshot
Table 139. The Euclid Chemical Company: Operating Segments
Table 140. The Euclid Chemical Company: Product Portfolio
Table 141. The Euclid Chemical Company: Net Sales
Table 142. The Euclid Chemical Company: Key Stratergies
List of Figures
Figure 1. Digital Twin Market Segmentation
Figure 2. Digital Twin Market,2021-2030
Figure 3. Digital Twin Market,2021-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Digital Twin Market:Drivers, Restraints and Opportunities
Figure 12. Regulatory Guidelines
Figure 13. Value Chain Analysis
Figure 14. Market Share Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Digital Twin Market,By Type,2021(%)
Figure 19. Comparative Share Analysis of System Digital Twin Digital Twin Market,2021-2030(%)
Figure 20. Comparative Share Analysis of Product Digital Twin Digital Twin Market,2021-2030(%)
Figure 21. Comparative Share Analysis of Process Digital Twin Digital Twin Market,2021-2030(%)
Figure 22. Digital Twin Market,By Industry,2021(%)
Figure 23. Comparative Share Analysis of Aerospace & Defense Digital Twin Market,2021-2030(%)
Figure 24. Comparative Share Analysis of Automotive & Transportation Digital Twin Market,2021-2030(%)
Figure 25. Comparative Share Analysis of Home & Commercial Digital Twin Market,2021-2030(%)
Figure 26. Comparative Share Analysis of Healthcare Digital Twin Market,2021-2030(%)
Figure 27. Comparative Share Analysis of Energy & Utilities Digital Twin Market,2021-2030(%)
Figure 28. Comparative Share Analysis of Oil & Gas Digital Twin Market,2021-2030(%)
Figure 29. Comparative Share Analysis of Agriculture Digital Twin Market,2021-2030(%)
Figure 30. Comparative Share Analysis of Telecommunication Digital Twin Market,2021-2030(%)
Figure 31. Comparative Share Analysis of Others Digital Twin Market,2021-2030(%)
Figure 32. Digital Twin Market by Region,2021
Figure 33. U.S. Digital Twin Market,2021-2030($Million)
Figure 34. Canada Digital Twin Market,2021-2030($Million)
Figure 35. Mexico Digital Twin Market,2021-2030($Million)
Figure 36. Germany Digital Twin Market,2021-2030($Million)
Figure 37. United Kingdom Digital Twin Market,2021-2030($Million)
Figure 38. France Digital Twin Market,2021-2030($Million)
Figure 39. Spain Digital Twin Market,2021-2030($Million)
Figure 40. Italy Digital Twin Market,2021-2030($Million)
Figure 41. Rest of Europe Digital Twin Market,2021-2030($Million)
Figure 42. China Digital Twin Market,2021-2030($Million)
Figure 43. Japan Digital Twin Market,2021-2030($Million)
Figure 44. India Digital Twin Market,2021-2030($Million)
Figure 45. South Korea Digital Twin Market,2021-2030($Million)
Figure 46. Australia Digital Twin Market,2021-2030($Million)
Figure 47. Rest of Asia-Pacific Digital Twin Market,2021-2030($Million)
Figure 48. Brazil Digital Twin Market,2021-2030($Million)
Figure 49. Saudi Arabia Digital Twin Market,2021-2030($Million)
Figure 50. Uae Digital Twin Market,2021-2030($Million)
Figure 51. South Africa Digital Twin Market,2021-2030($Million)
Figure 52. Rest of LAMEA Digital Twin Market,2021-2030($Million)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. ABB Group.: Net Sales ($Million)
Figure 60. Ansys Inc..: Net Sales ($Million)
Figure 61. Accenture PLC.: Net Sales ($Million)
Figure 62. Autodesk Inc.: Net Sales ($Million)
Figure 63. Bentley Systems.: Net Sales ($Million)
Figure 64. Aveva Inc..: Net Sales ($Million)
Figure 65. Bosch Rexroth AG.: Net Sales ($Million)
Figure 66. Oracle Corporation.: Net Sales ($Million)
Figure 67. Siemens AG.: Net Sales ($Million)
Figure 68. Rockwell Automation Inc..: Net Sales ($Million)
Figure 69. Schneider Electric.: Net Sales ($Million)

Executive Summary

According to the report, titled, “Digital Twin Market," the digital twin market was valued at $6.5 billion in 2021, and is estimated to reach $125.7 billion by 2030, growing at a CAGR of 39.48% from 2022 to 2030.

A virtual machine that offers a real-time online version of a physical object or process is called a "digital twin." the performance of industrial assets is profiled, predicted, and optimised using simulation models, data, and intelligence. Because it enables automatic vehicle control and monitoring of industrial assets and processes like product development, design & manufacturing planning, investment performance management, business & operation optimization, and more, the digital twin is a crucial part of the Industrial Internet of Things.

The automotive and transportation industries' increasing demand for digital twin technology is anticipated to fuel market expansion over the forecast period. The digital twin, which facilitates continuous communication between product developers & designers, end users, and a number of other stakeholders in order to provide creative and efficient vehicles which can be digitally automated, is principally responsible for this increase. In the upcoming years, it is anticipated that these reasons would hasten the market's expansion for digital twins. Additionally, the prospective applications of the industrial internet of things are anticipated to increase demand for digital twin technology and propel digital twin market growth.

The use of digital twin as an advanced technology is anticipated to gain traction. Manufacturers in the industry currently require actual visibility across company boundaries and all the way back down the supply side chain. This is made possible by digital twin technology. The digital twin serves as a strong digital shadow. They collect all the interrelated data sources from an asset's entire lifecycle as semantically clearly delineated, information virtualization. A digital twin could be used to create twins of individual elements, assemblies, people, or a whole manufacturing facility. Such technological advancements may further lead to lucrative market opportunities in the market in the upcoming years.

The global digital twin market size is segmented on the basis of type which has been divided into system digital twin, product digital twin, and process digital twin. By industry, the market has been divided into aerospace & defense, automotive & transportation, home & commercial, healthcare, energy & utilities, oil & gas, agriculture, telecommunication, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the leading digital twin market players are ABB Group, ANSYS Inc., Accenture PLC, Bentley systems corporation,AVEVA Inc, Bosch, Oracle Corporation, Siemens AG, Rockwell Automation Inc, and Schneider Electric.

The report offers a comprehensive analysis of the global digital twin market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Digital Twin Industry

  • The COVID-19 pandemic has had a positive impact on global digital twin market share growth. Digital twin technology has given an advantage to the healthcare professionals to continuously access patient’s health, digitally. Also, government has also used digital technology to study the spread of corona virus in the locality.
  • As the use of digital twin has been incorporated in healthcare system, many healthcare professionals are now incorporating this technology along with artificial intelligence for regularly monitoring of other patients who are unable to visit hospitals in pandemic period. This factor has also positively impacted the market growth.

Key Findings of the Study

  • Based on type, system digital twin sub-segment is expected to have the dominant share during the forecast period.
  • By industry, the automotive & transportation industries had the largest digital twin market share and is expected to grow by 2030.
  • By region, Asia-Pacific is forecasted to be the fastest growing region during the forecast period.
  • The report provides an in-depth study of the digital twin market analysis.

Companies Mentioned

  • Abb Group
  • Ansys Inc.
  • Accenture plc
  • Autodesk Inc
  • Bentley Systems
  • Aveva Inc.
  • Bosch Rexroth AG
  • Oracle Corporation
  • Siemens AG
  • Rockwell Automation Inc.
  • Schneider Electric

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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