Digital twin is commonly called as the digital replica of living or non-living physical entity. Digital twin is a type of IoT (Internet of Thing). It is a virtual model of process, product, and service. Digital twin is used for the data analysis, and system monitoring. Digital twin represents the convergence of the virtual and the physical world where each industrial product will get dynamic representation.
Increase in demand for IoT, Artificial Intelligence in various industries like Aerospace & Defense, Automotive and transportation will rise the demand for digital twin, in near future. Increase in research and development activities such as 3D printing is expected to boost the growth of global digital twin marker. For instance, In January 2019, Siemens Ag had launched new 3D additive manufacturing process with digital twin software. This new technologies expected to grow global digital twin market in this forecast period. Inadequate It infrastructures in developed countries is the major restraining factor for the market, which is expected to hamper the growth of global digital twin market.
Global digital twin market is segmented by types such as Part Digital Twin, Product Digital Twin, System Digital Twin, and Process Digital Twin, by technology such as IoT and IIot, Blockchain, Artificial intelligence and Machine Learning, Big Data Analytics, and Augmented Reality, Virtual Reality, and Mixed Reality. Further global digital twin market is segmented by End users such as Aerospace & Defense, Automotive & Transportation, Electronics and Electrical Machine Manufacturing, Healthcare, Retail, Energy & Utilities, Home & Commercials, and Others.
Also, global digital twin market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key competitors are discussed in the global digital twin market report including General Electric, IBM, PTC, Microsoft Corporation, Siemens AG, Ansys, SAP, Oracle, Robert Bosch, and SWIM AI
1. Executive Summary
1.1. Market Taxonomy
2. Global Digital Twin Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. Global Digital Twin Market Snapshot
5. Global Digital Twin Market Analysis, By Types
5.1. Y-o-Y Growth Comparison, By Types
5.2. Global Digital Twin Market Share Analysis, By Types
5.3. Global Digital Twin Market Size and Forecast, By Types
5.3.1 Part Digital Twin
5.3.2 Product Digital Twin
5.3.3 System Digital Twin
6. Global Digital Twin Market Analysis, By Technology
6.1. Y-o-Y Growth Comparison, By Technology
6.2. Global Digital Twin Market Share Analysis, By Technology
6.3. Global Digital Twin Market Size and Forecast, By Technology
6.3.1 IoT and IIot
6.3.2 Blockchain
6.3.3 Artificial Intelligence and Machine Learning
6.3.4 Big Data Analytics
6.3.5 Augmented Reality, Virtual Reality, and Mixed Reality
7. Global Digital Twin Market Analysis, By End Users
7.1. Y-o-Y Growth Comparison, By End Users
7.2. Global Digital Twin Market Share Analysis, By End Users
7.3. Global Digital Twin Market Size and Forecast, By Users
7.3.1 Aerospace & Defense
7.3.2 Automotive & Transportation
7.3.3 Electronics and Electrical Machine Manufacturing
7.3.4 Healthcare
7.3.5 Retail
7.3.6Energy & Utilities
7.3.7 Home & Commercials
7.3.8 Others
8. Global Digital Twin Market Analysis, By Region
8.1. Y-o-Y Growth Comparison, By Region
8.2. Global Digital Twin Market Share Analysis, By Region
9. North America Digital Twin Market Analysis and Forecast (2017-2030)
9.1 Introduction
9.2 North America Digital Twin Market Analysis, By Types
9.3 North America Digital Twin Market Analysis, By Technology
9.4 North America Digital Twin Market Analysis, By End Users
9.5 North America Digital Twin Market Analysis, By Country
9.5.1 USA
9.5.2 Canada
9.5.3 Mexico
10. Europe Digital Twin Market Analysis and Forecast (2017-2030)
10.1 Introduction
10.2 Europe Digital Twin Market Analysis, By Types
10.3 Europe Digital Twin Market Analysis, By Technology
10.4 Europe Digital Twin Market Analysis, By End Users
10.5 Europe Digital Twin Market Analysis, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11. Asia Pacific Digital Twin Market Analysis and Forecast (2017-2030)
11.1 Introduction
11.2 Asia Pacific Digital Twin Market Analysis, By Types
11.3 Asia Pacific Digital Twin Market Analysis, By Technology
11.4 Asia Pacific Digital Twin Market Analysis, By End Users
11.5 Asia Pacific Digital Twin Market Analysis, By Country
11.5.1China
11.5.2 India
11.5.3 Japan
11.5.4 Rest of Asia Pacific
12. Latin America Digital Twin Market Analysis and Forecast (2017-2030)
12.1 Introduction
12.2 Latin America Digital Twin Market Analysis, By Types
12.3 Latin America Digital Twin Market Analysis, By Technology
12.4 Latin America Digital Twin Market Analysis, By End Users
13. Middle East & Africa Digital Twin Market Analysis and Forecast (2017-2030)
13.1 Introduction
132 Middle East & Africa Digital Twin Market Analysis, By Types
13.3 Middle East & Africa Digital Twin Market Analysis, By Technology
13.4 Middle East & Africa Digital Twin Market Analysis, By End Users
14. Competition Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 General Electric
15.1.1 Overview
15.1.2 Product Type Offerings
151.3 Key Financial
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 IBM
15.3 PTC
15.4 Microsoft Corporation
15.5 Siemens AG
15.6 Ansys
16.7 SAP
15.8 Oracle
15.9 Robert Bosch
15.10 SWIM AI
