Press release
Digital Twin Market | Analysis and Forecast | By Application, key Players - 2018-2025
Digital Twin Market
Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.
This report focuses on the global Digital Twin status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Twin development in United States, Europe and China.
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Top 5 suppliers took up about 80% of the global market in 2016. GE, PTC, Siemens, Dassault Systèmes, which have leading technology and market position, are well-known suppliers around the world. Other players, like SAP and Mackevision from Germany, Toshiba from Japan, Huawei from China, Cybernet Systems from Canada, TCS (Partner of Dassault Systèmes) from India, Altair from the USA, etc., are also said the new players of Digital Twin technology in 2017.
USA is the largest market of Digital Twin in the world in the past few years and it will keep increasing in the next few years. USA market took up about 56% the global market in 2016, while Europe was about 43%.
The key players covered in this study:
• General Electric
• PTC
• Siemens
• Dassault Systèmes
• IBM Corporation
• ANSYS
• Microsoft Corporation
• Oracle Corporation
Market segment by Type, the product can be split into
• Parts Twin
• Product Twin
• Process Twin
• System Twin
Market segment by Application, split into
• Aerospace & Defense
• Automotive & Transportation
• Machine Manufacturing
• Energy & Utilities
• Others
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Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
The study objectives of this report are:
• To analyze global Digital Twin status, future forecast, growth opportunity, key market and key players.
• To present the Digital Twin development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Digital Twin :
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 to 2025
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