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Rising Military And Defense Investments Fuel Growth In Digital Twin Technology For Manufacturing: Powering Innovation and Expansion in the Global Digital Twin In Manufacturing Market by 2025
Digital Twin In Manufacturing
How Large Will the Digital Twin In Manufacturing Market Size By 2025?
The market size of digital twin in manufacturing has seen astronomic expansion in the past few years. The sector is anticipated to grow from $17.71 billion in 2024 to $28.91 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 63.3%. The significant expansion in the past has been triggered by factors such as increased demand for manufacturing driven by data, the rising adoption of 3D printing, usage of the internet of things (IoT), and a growing number of approved biologics.
How Big Is the Digital Twin In Manufacturing Market Size Expected to Grow by 2029?
The market size of digital twin in manufacturing is forecasted to experience a significant surge in the coming years, potentially reaching $203.47 billion by 2029 at a CAGR of 62.9%. The robust growth during the forecasted period can be attributed to the increasing number of clinical trials related to biologics, the rising need for real-time monitoring and predictive maintenance, a growing necessity for process optimization and operational efficiency, and escalating investments in industry 4.0 and smart factories. The forecast period is also likely to witness key trends such as innovative use of digital twin technology, strategic alliances and partnerships among key market players, the application of innovative digital twins in medical trials, and advanced technology capabilities offered by software providers.
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Which Key Market Drivers Powering Digital Twin In Manufacturing Market Expansion and Growth?
The escalating need for military and defense is anticipated to foster the expansion of the digital twin technology in the manufacturing industry. Military and defense incorporate the systems, personnel, and plans utilized to secure a country from internal and external risks. As it helps countries to mitigate geopolitical risks, deter opponents, and protect national security in the midst of heightening global tensions, there is an increasing roaster of military and defense capabilities. Digital twin technology in manufacturing assists the military and defense sector by delivering real-time simulation, testing, and enhancing equipment, weaponry and logistics, contributing to an increase in efficiency, a decrease in costs and an improvement in mission preparedness. For instance, a UK-based organization IISS reported in February 2025 that global defense spending in 2024 hit USD 2.46 trillion, marking a 7.4% growth in real terms which represented 1.9% of the global GDP, a rise from the figures of 1.6% in 2022 and 1.8% in 2023. As such, the escalating demand for military and defense bolsters the growth of the digital twin in the manufacturing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Digital Twin In Manufacturing Market?
Key corporations in the digital twin manufacturing market are prioritizing the development of technological innovations such as open digital business platforms. These platforms improve interoperability, simplify data amalgamation, and enhance real-time monitoring of manufacturing operations. An open digital business platform facilitates easy inclusion of digital technologies, promoting interoperability, immediate data exchange, and collaboration throughout the manufacturing value chain. For example, Siemens AG, a technology solutions company based in Germany, initiated Siemens Xcelerator in June 2022. This program hastens digital transformation by incorporating IoT-enabled hardware, software, and services, and encourages joint efforts between customers, partners, and developers. It provides a carefully chosen portfolio, partner ecosystem, and marketplace that augment value generation across sectors such as manufacturing, buildings, grids, and transportation.
What Are the Emerging Segments in the Digital Twin In Manufacturing Market?
The digital twin in manufacturingmarket covered in this report is segmented -
1) By Type: Product And Machine Design Software, Computer-Aided Manufacturing Software, Manufacturing Execution Systems, IoT Analytics Software
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Product Design, Process Optimization, Quality Management, Predictive Maintenance, Other Applications
Subsegments:
1) By Product and Machine Design Software: 3D Modeling Tools, Simulation & Testing Platforms, CAD (Computer-Aided Design) Software, PLM (Product Lifecycle Management) Systems, Virtual Prototyping Solutions
2) By Computer-Aided Manufacturing Software: CAM Programming Tools, CNC Machining Integration, Toolpath Simulation Software, Robotics Control Software, Additive Manufacturing (3D Printing) Software
3) By Manufacturing Execution Systems (MES): Production Monitoring, Real-Time Data Acquisition, Quality Management Modules, Scheduling & Planning Tools, Inventory & Workflow Tracking
4) By IoT Analytics Software: Predictive Maintenance Platforms, Real-Time Operational Analytics, Asset Performance Management, Sensor Data Integration Tools, Digital Thread and Data Visualization Tools
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Who Are the Global Leaders in the Digital Twin In Manufacturing Market?
Major companies operating in the digital twin in manufacturing market are Amazon.com Inc., Microsoft Corporation, Siemens AG, General Electric Company, IBM Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd, Emerson Electric Co., Rockwell Automation Inc., Dassault Systèmes SE, Hexagon AB, Autodesk Inc., DNV AS (Det Norske Veritas), Ansys Inc., AVEVA Group plc, Bentley Systems Incorporated
Which are the Top Profitable Regional Markets for the Digital Twin In Manufacturing Industry?
North America was the largest region in the digital twin in manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital twin in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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