Global Digit Twin Market - Forecast & Opportunities to 2026

  • Report Code : SMA2286664
  • Published On: Feb, 2021
  • Category : Semiconductors
  • Pages : 180

Get in-depth COVID-19 impact and recovery analysis on the Global Digit Twin Market

Flash Discount
15% Single User
20% Multi User
25% Corporate
30% Enterprise
  • The global digital twin market accounted for a value of USD 3.9 billion in 2019. The market is projected to register growth at a CAGR of 40.2% during forecast period.

    COVID-19 has impacted the digital twin market significantly. The growth of end-use industries is immensely affected due to spread of corona virus. The demand for various products is showing negative trend. The supply chain has been disrupted and companies are unable to meet timeline of finished product delivery. The major end-user industries such as transportation & automotive, energy & power and aerospace & defense have seen significant decline in their respective products. The digitization is likely to resume growth post COVID-19 and demand of digital twin market is likely to witness boost from 2021.

    Definition:

    A digital twin can be defined as a replica of an object or living thing. It is a digital replica of actual places, people, physical assets, processes and systems. The digital representation gives dynamics and elements of how IoT devise functions and operates.

    Market Dynamics (Drivers/Opportunities):

    The corona virus is spreading across the world and healthcare and pharmaceutical sector is combating with corona virus. The healthcare segment is using digital twin system for monitoring patient’s health. This is likely to drive growth in digital twin market during forecast period.

    Many companies have started providing different solution. They are developing software solution in order to reduce errors in medication and these companies are adopting a digital twin solution for the same. Patients can be monitored using this system to provide efficacy and better accuracy. This is likely to drive growth in digital twin system during forecast period.

    Market Insights, by Type

    On the basis of type, the digital twin market is segmented into product digital twin, system digital twin and process digital twin. The system digital twin segment is estimated to account for largest market share during forecast period. The demand and use of digital twin system is increasing rapidly around the globe. In various applications such as defense and aerospace and automotive industry are using digital twin system at large scale. The automotive and transportation companies such as Tesla motors etc are implementing systems digital twin systems in their facility. This is likely to drive growth in system digital market during forecast period.

    Market Insights, by End-Use

    On the basis of end-use, the digital twin market is segmented into aerospace & defense, automotive & transportation, healthcare, home & commercial, oil & gas, energy & utilities, telecommunication, agriculture, retail and others. The automotive & transportation segment accounted for largest market share in 2019. It is estimated to register growth at highest CAGR of 40.0% during forecast period. The adoption of digital twin system in this sector for designing and simulation is increasing rapidly. This industry is adopting digital twin systems for their end-to-end operations. This drives growth in automotive & transportation market during forecast period.

    Regional Insights

    Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The demand and adoption of digital twin system is increasing in various countries of this region. Countries such as India, China and Japan have taken various initiatives to promote use of various IoT systems in industries. the rise in urbanization and industrialization has increased the adoption of IoT systems. This is likely to drive growth in this region during forecast period.

    Key Companies & Market Share Insights

    The key market players in digital twin systems are General Electric, IBM, PTC, Microsoft, Siemens AG, Ansys, SAP, Oracle, Robert Bosch, Swim AI, ABB, Emerson, Honeywell, Schineider and Dassault System.

     

  • With tables and figures helping analyze worldwide Global Digit Twin market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Research Framework
    Market Definition and Product Overview
    Market Segmentation
    Research Methodology
    Qualitative Research
    Primary & Secondary Sources
    Quantitative Research
    Primary & Secondary Sources
    Breakdown of Primary Research Respondents, By Region
    Secondary Research
    Primary Research
    Breakdown of Primary Research Respondents, By Industry Participants
    Market Size Estimation
    Assumption for the Study
    Market Breakdown & Data Triangulation
    Executive Summary
    Market Snapshot
    Industry Insights
    Industry ecosystem analysis
    Value Chain Analysis
    Industry impact and forces
    Growth Drivers
    Challenges &Restraints
    Opportunities
    Disruptive Technological Analysis
    Regulatory framework
    North America
    Europe
    Asia Pacific
    Middle East & Africa
    South America
    Growth potential analysis, 2019
    Porter’s Five forces analysis
    Pricing Analysis
    North America
    Europe
    Asia Pacific
    Middle East & Africa
    South America
    COVID – Impact Analysis
    North America
    Europe
    Asia Pacific
    Middle East & Africa
    South America
    Digital Twin Market, By Type, Market Size & Forecast To 2026
    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
    Introduction
    Product Digital Twin
    System Digital Twin
    Process Digital Twin
    Digital Twin Market, By End User, Market Size & Forecast To 2026
    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
    Introduction
    Aerospace & Defense
    Automotive & Transportation
    Healthcare
    Home & Commercial
    Oil & Gas
    Energy & Utilities
    Telecommunication
    Agriculture
    Retail
    Digital Twin Market, By Region, Market Size & Forecast To 2026
    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
    Introduction
    North America Market Size & Forecast To 2026
    Market Overview
    COVID-19 Impact
    By Type
    By End-User
    By Country
    USA
    By End-User
    Canada
    Mexico
    South America Market Size & Forecast To 2026
    Market Overview
    COVID-19 Impact
    By Type
    By End-User
    By Country
    Brazil
    By End-User
    Argentina
    Chile
    Rest of South America
    Europe Market Size & Forecast To 2026
    Market Overview
    COVID-19 Impact
    By Type
    By End-User
    By Country
    UK
    By End-User
    Germany
    France
    Italy
    Rest of Europe
    APAC Market Size & Forecast To 2026
    Market Overview
    COVID-19 Impact
    By Type
    By End-User
    By Country
    China
    By End-User
    India
    Japan
    South Korea
    Australia
    Rest of APAC
    Middle East & Africa Market Size & Forecast To 2026
    Market Overview
    COVID-19 Impact
    By Type
    By End-User
    By Country
    Saudi Arabia
    By End-User
    UAE
    Qatar
    Kuwait
    South Africa
    Rest of Middle East & Africa
    Competitive Landscaping
    Competitive Benchmarking
    Market Share Analysis, 2019
    Global Presence and Growth Strategies
    Mergers & Acquisitions
    New Product Launches
    Investments Trends
    R&D Initiatives
    Company Profile
    Dassault System
    Company Overview
    Financial Overview
    Product Portfolio
    Recent Developments
    SWOT Analysis
    Strategic Outlook
    General Electric
    IBM
    PTC
    Microsoft
    Siemens AG
    Ansys
    SAP
    Oracle
    Robert Bosch
    Swim AI
    ABB
    Emerson
    Honeywell
    Schineider
    Appendix
    Interrelated Market

     

  • The Global Digit Twin Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • General Electric
    • IBM
    • PTC
    • Microsoft
    • Siemens AG
    • Ansys
    • SAP
    • Oracle
    • Robert Bosch
    • Swim AI
    • ABB
    • Emerson
    • Honeywell
    • Schineider and Dassault System.
    By Regions:
      By Type:
        By Application:
        Licensing options
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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