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Soaring Demand Set to Propel Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market to $20.36 Billion by 2029
Artificial Intelligence (AI)-Powered Simulation And Digital Twins
How Large Will the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market Size By 2025?
The market size of AI-backed simulation and digital twins has expanded immensely in the past years. Its growth is projected to jump from $3.89 billion in 2024 to $5.43 billion in 2025, with a CAGR of 39.6%. This surge can be credited to factors such as the escalating demand for system-level simulation, increased intricacies in product design, a rising preference for predictive maintenance, the growth of industrial automation, and an enhanced requirement for virtual prototyping.
How Big Is the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market Size Expected to Grow by 2029?
The market size of the artificial intelligence (AI) driven simulation and digital twins sector is projected to experience significant expansion over the next few years, reaching $20.36 billion in 2029 with a compound annual growth rate (CAGR) of 39.2%. The predicted growth within this period can be linked to several factors including the proliferation of smart manufacturing, increased use of real-time data analytics, enhanced application in energy and utilities, broadening digital transformation strategies, and a greater emphasis on operational efficiency. Some of the key trends expected over the forecast period are advancements in technology, ongoing innovation in AI models, the growth of integrated digital twin ecosystems, investment in research and development, and progress in generative design technologies.
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Which Key Market Drivers Powering Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market Expansion and Growth?
The upward trend in manufacturing digitization is propelling market growth, due to demands for efficiency and technological advancements.
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What Long-Term Trends Will Define the Future of the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market?
Leading firms in the AI-driven simulation and digital twins market are putting great efforts into creating highly advanced solutions like the industrial copilot. This tool aims to boost decision-making processes, optimize operations, and speed up the uptake of intelligent digital twin solutions. The industrial copilot, a device powered by AI, functions at the borders of manufacturing networks to assist in making real-time decisions. It does this by processing data locally and giving valuable insights to operators and engineers. For example, in January 2025, Siemens AG, a tech conglomerate from Germany, introduced a series of AI-powered tools and partnerships. These initiatives are centered on revolutionizing manufacturing via edge computing, digital twins, and immersive engineering solutions. The key elements of this initiative are the Industrial Copilot for real-time AI decision-making, collaboration with Nvidia Omniverse for 3D digital twin simulation, and a brand-new mixed reality system with Sony geared towards fostering smart, efficient, and green industrial operations.
What Are the Emerging Segments in the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market?
The artificial intelligence (AI)-powered simulation and digital twins market covered in this report is segmented
1) By Component: Solution, Services
2) By Type Of Digital Twin: Product Digital Twins, Process Digital Twins, System Digital Twins, Human Digital Twins, City And Infrastructure Digital Twins, Other Type Of Digital Twins
3) By Deployment Model: Cloud-Based Digital Twins, On-Premises Digital Twins
4) By Industry Vertical: Manufacturing And Industrial Automation, Healare And Pharmaceuticals, Automotive And Transportation, Aerospace And Defense, Energy And Utilities, Retail And E-Commerce, Other Industry Verticals
Subsegments:
1) By Solution: Simulation Software, Digital Twin Platforms, Artificial Intelligence Algorithms And Models, Visualization And 3D Modeling Tools, Integration And Data Management Tools
2) By Services: Consulting Services, System Integration Services, Support And Maintenance, Training And Education, Managed Services
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Who Are the Global Leaders in the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Market?
Major companies operating in the artificial intelligence (AI)-powered simulation and digital twins market are SAP SE, ABB Ltd., Siemens AG, Autodesk Inc., SymphonyAI LLC, Rescale Inc., OroraTech GmbH, Sight Machine Inc., Travancore Analytics Pvt. Ltd., Cosmo Tech SAS, Treedis Ltd., Duality AI Inc., Geminus.AI Inc., Twyn Reality Technologies Pvt. Ltd., Cloudworx Inc., TwinThread Inc., Basetwo AI Inc., BOOM Interactive Inc., Twinit Technologies Private Limited, and Xaba Inc.
Which are the Top Profitable Regional Markets for the Artificial Intelligence (AI)-Powered Simulation And Digital Twins Industry?
North America was the largest region in the artificial intelligence (AI)-powered simulation and digital twins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence (AI)-powered simulation and digital twins report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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