Press release
Digital Twin Technology Market Grow at a CAGR of 35.1% During the Forecast Period 2019-2024: Analysis of Key Players, Trends, Drivers - General Electric, PTC, Siemens, Dassault Systems, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation By
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The global Digital Twin Technology market is valued at 1880 million in 2018 and is expected to reach 8480 million by the end of 2024, growing at a CAGR of 35.1% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.
Digital Twin is first used for Aerospace & Defense, but it can be used for Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Other industry. Machine Manufacturing took up about 38.5% of the global total in 2017.
China, Japan, India and S. Korea, etc. are now the key developing market of Digital Twin in the future while they are all just at the beginning of digital twin technology. There are few vendors to have digital twin technology, and the Chinese market is still much smaller than the USA. Chinese AVIC have signed an agreement with French Dassault Systmes to develop the digital twin in Jun. 2017.
Digital Twin Technology Market Segment by Top Manufacturers Including:
General Electric, PTC, Siemens, Dassault Systems, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation.
Scope of the Report:
This report focuses on the Digital Twin Technology Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
Digital Twin Technology Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
• Parts Twin
• Product Twin
• Process Twin
• System Twin
Market Segment by Applications, can be divided into:
• Aerospace & Defense
• Automotive & Transportation
• Machine Manufacturing
• Energy & Utilities
• Others
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There are 15 Chapters to deeply display the global Digital Twin Technology market.
Chapter 1, to describe Digital Twin Technology Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Digital Twin Technology, with sales, revenue, and price of Digital Twin Technology, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Digital Twin Technology, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Digital Twin Technology market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Digital Twin Technology sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Table of Contents:
1 Digital Twin Technology Market Overview
2 Manufacturers Profiles
3 Global Digital Twin Technology Market Competition, by Players
4 Global Digital Twin Technology Market Analysis by Regions
5 North America Digital Twin Technology Revenue by Countries
6 Europe Digital Twin Technology Revenue by Countries
7 Asia-Pacific Digital Twin Technology Revenue by Countries
8 South America Digital Twin Technology Revenue by Countries
9 Middle East and Africa Revenue Digital Twin Technology by Countries
10 Global Digital Twin Technology Market Segment by Type
11 Global Digital Twin Technology Market Segment by Application
12 Global Digital Twin Technology Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
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