Digital Twins in Europe

Summary

Digital Twins in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

Digital twin includes a software/platform that is used to develop a virtual representation of a component, asset, system, or enterprise. The visual representation of these types of digital twins is carried out by various enabling technologies that include Enterprise Internet of Things (IoT) platforms, asset performance management software, analytics software, or simulation tools created by various software vendors and service providers. The market includes service revenue generated by software vendors offering digital twin software/platform and third-party service providers, who do not have an indigenous platform but rather rely on the former to develop their own customized platform.
The European digital twins market recorded a revenue of $8.62 billion in 2025, and the value increased with a CAGR of 37.8% between 2020 and 2025.
The manufacturing segment accounted for the market's largest proportion in 2025, with total revenue of $3.06 billion, equivalent to 35.5% of the market's overall value.
In 2025, Europe held a share of 25.8% in the global digital twins industry.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the digital twins market in Europe
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the digital twins market in Europe
Leading company profiles reveal details of key digital twins market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Europe digital twins market with five year forecasts

Reasons to Buy

What was the size of the Europe digital twins market by value in 2025?
What will be the size of the Europe digital twins market in 2030?
What factors are affecting the strength of competition in the Europe digital twins market?
How has the market performed over the last five years?
What are the main segments that make up Europe's digital twins market?

1 Executive Summary

1.1. Market Value
1.2. Market Value Forecast
1.3. Category Segmentation
1.4. Geography Segmentation
1.5. Market Rivalry
1.6. Competitive Landscape

2 Market Overview

2.1. Market Definition
2.2. Market Analysis

3 Market Data

3.1. Market Value

4 Market Segmentation

4.1. Category Segmentation
4.2. Geography Segmentation

5 Market Outlook

5.1. Market Value Forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the challenges in the market?
7.4. What are the recent developments in the market?

8 Company Profiles

8.1. ABB Ltd
8.2. Hexagon AB
8.3. Capgemini SE
8.4. Robert Bosch GmbH
8.5. Siemens AG

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry Associations
10.3. Related the Analyst Research
10.4. About the Analyst

List of Tables

Table 1: Europe Digital Twin Market Value: $ Million, 2020-25
Table 2: Europe Digital Twin Market Category Segmentation: % Share, By Value, 2020-25
Table 3: Europe Digital Twin Market Category Segmentation: $ Million, 2020-25
Table 4: Europe Digital Twin Market Geography Segmentation: $ Million, 2025
Table 5: Europe Digital Twin Market Value Forecast: $ Million, 2025-30
Table 6: ABB Ltd: Key Facts
Table 7: ABB Ltd: annual financial ratios
Table 8: ABB Ltd: key employees
Table 9: Hexagon AB: Key Facts
Table 10: Hexagon AB: annual financial ratios
Table 11: Hexagon AB: key employees
Table 12: Hexagon AB: key employees Continued
Table 13: Capgemini SE: Key Facts
Table 14: Capgemini SE: annual financial ratios
Table 15: Capgemini SE: key employees
Table 16: Capgemini SE: key employees Continued
Table 17: Robert Bosch GmbH: Key Facts
Table 18: Robert Bosch GmbH: key employees
Table 19: Robert Bosch GmbH: key employees Continued
Table 20: Siemens AG: Key Facts
Table 21: Siemens AG: annual financial ratios
Table 22: Siemens AG: key employees
Table 23: Siemens AG: key employees Continued
Table 24: Siemens AG: key employees Continued
Table 25: Europe Size Of Population (Million), 2021-25
Table 26: Europe Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 27: Europe GDP (Current Prices, $ Billion), 2021-25
Table 28: Europe Inflation, 2021-25
Table 29: Europe Consumer Price Index (Absolute), 2021-25
Table 30: Europe Exchange Rate, 2020-25

List of Figures

Figure 1: Europe Digital Twin Market Value: $ Million, 2020-25
Figure 2: Europe Digital Twin Market Category Segmentation: $ Million, 2020-25
Figure 3: Europe Digital Twin Market Geography Segmentation: % Share, By Value, 2025
Figure 4: Europe Digital Twin Market Value Forecast: $ Million, 2025-30
Figure 5: Forces Driving Competition In The Digital Twin Market In Europe, 2025
Figure 6: Drivers Of Buyer Power In The Digital Twin Market In Europe, 2025
Figure 7: Drivers Of Supplier Power In The Digital Twin Market In Europe, 2025
Figure 8: Factors Influencing The Likelihood Of New Entrants In The Digital Twin Market In Europe, 2025
Figure 9: Factors Influencing The Threat Of Substitutes In The Digital Twin Market In Europe, 2025
Figure 10: Drivers Of Degree Of Rivalry In The Digital Twin Market In Europe, 2025

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

ABB Ltd
Hexagon AB
Capgemini SE
Robert Bosch GmbH
Siemens AG

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