Digital Twin Market by Technology, Type (Product, Process, and System), Application (predictive maintenance, and others), Industry (Aerospace & Defense, Automotive & Transportation, Healthcare, and others ), and Geography - Global Forecast to 2026

2020-09-14
Price :
Published : Sep-2020
No. of Pages : 177

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Digital Twin Market: Segmentation
1.3.2 Years Considered
1.3.3 Geographic Scope
1.4 Currency
1.5 Market Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Digital Twin Market: Research Design
2.1.1 Secondary And Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown Of Primaries
2.1.3.2 Key Data From Primary Sources
2.2 Market Size Estimation
Figure 3 Demand-Side Analysis: Digital Twin Market
2.2.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
Table 1 Assumptions For The Research Study

3 Executive Summary
3.1 Digital Twin Market: Realistic Scenario
Figure 7 Digital Twin Market: Optimistic, Realistic, Pessimistic, And Pre-Covid-19 Scenario Analysis (2016–2026)
3.2 Digital Twin Market: Optimistic Scenario
3.3 Digital Twin Market: Pessimistic Scenario
Figure 8 Digital Twin Market Size (2016–2026)
Figure 9 System Digital Twin Segment To Hold Largest Share Of Digital Twin Market By 2026
Figure 10 Digital Twin Market, By Industry (2020 Vs. 2026): Automotive & Transportation Industry To Hold Largest Market Share Between 2020 And 2026
Figure 11 Digital Twin Market, By Application (2020 Vs. 2026): Predictive Maintenance Segment To Hold Largest Market Share Between 2020 And 2026
Figure 12 North America Held Largest Share Of Digital Twin Market In 2019

4 Premium Insights
4.1 Attractive Growth Opportunities In Digital Twin Market
Figure 13 Increasing Need For Predictive Maintenance And Business Optimization Are Driving Market Growth
4.2 Digital Twin Market, By Type
Figure 14 System Digital Twin Market To Register Highest Cagr During Forecast Period
4.3 Digital Twin Market, By Country And Industry
Figure 15 Automotive & Transportation Segment And Us To Hold Largest Shares Of Digital Twin Market By 2026
4.4 Digital Twin Market, By Country (2020)
Figure 16 Us To Hold Largest Share Of Digital Twin Market In 2020

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 Digital Twin Market: Covid-19-Related Market Dynamics
5.2.1 Drivers
Figure 18 Digital Twin Market Drivers And Their Impact
5.2.1.1 Increasing Demand For Digital Twins In Healthcare And Pharmaceutical Industries Due To Outbreak Of Covid-19 Pandemic
5.2.1.2 Changing Face Of Maintenance In Various Industries
5.2.1.3 Adoption Of Digital Twin Technology To Cope With Covid-19 Crisis
5.2.2 Restraints
Figure 19 Digital Twin Market Restraints And Their Impact
5.2.2.1 Data Security Due To Use Of Iot And Cloud Platforms
5.2.3 Opportunities
Figure 20 Digital Twin Market Opportunities And Their Impact
5.2.3.1 Implementation Of Digital Twins In The Manufacturing Industry To Handle Several Issues Due To The Spread Of Covid-19
5.2.3.2 Increasing Adoption Of Industry 4.0/Smart Manufacturing And Iiot
5.2.4 Challenges
Figure 21 Digital Twin Market Challenges And Their Impact
5.2.4.1 Lack Of Awareness Regarding Cost Benefit Of The Adoption Of Digital Twins
5.2.4.2 Lack Of Skilled Workforce
5.3 Value Chain Analysis
Figure 22 Value Chain Analysis: Major Value Is Added During Solution/Service/Software Providing Phase
5.4 Asp Analysis
5.5 Deployment Analysis
5.5.1 On-Premises
5.5.2 Cloud
5.6 Case Studies
5.6.1 Aerospace & Defense
5.6.1.1 Nasa Has Implemented Digital Twins For Its Space Station And Spacecraft
5.6.1.2 Lockheed Martin’s Digiverse—A Complete Digital Twin Of “Everything”
5.6.1.3 Rolls-Royce—Intelligent Engine Program
5.6.2 Automotive & Transportation
5.6.2.1 Man Truck Uses Ptc’s Thingworx Platform For Building Digital Twins
5.6.2.2 Allego Uses Microsoft’s Azure Digital Twin Platform For E-Charging Solutions
5.6.3 Home & Commercial
5.6.3.1 Dassault Systems Along With The Government Of Singapore Is Building A Digital Twin Of The Complete Country—Virtual Singapore
5.6.3.2 Cbre Uses Microsoft’s Azure Digital Twin Platform For Cbre 360 Employee
5.6.4 Healthcare
5.6.4.1 John Hopkins Hospital Uses Ge’s Digital Twin Platform For Building A Digital Twin Of Patient Pathways
5.6.4.2 Siemens Healthineers Developed A Digital Twin Of The Heart
5.6.5 Energy & Utilities
5.6.5.1 Ge Built A Digital Twin Of The Wind Turbine
5.6.5.2 Ge’s Digital Twin Of A Complete Power Plant
5.6.6 Oil & Gas
5.6.6.1 Ansys, Ptc, Flowserve, National Instruments, And Hpe Built And Demonstrated Digital Twin Of A Pump
5.6.6.2 Shell Together With Swiss Engineering Modeling And Simulation Technology Company Built Digital Twin Of A Test Rig—Digital Rig
5.6.7 Agricultural
5.6.7.1 Digital Twin Used In Livestock Farming
5.6.8 Others
5.6.8.1 Siemens Plm Software And Bridg Together Built A Digital Twin For The Semiconductor Manufacturing Process
5.6.8.2 Abb Built A Digital Twin Of An Electromagnetic Flowmeter To Be Used In Water & Wastewater Transport & Treatment

6 Digital Twin Market, By Technology
6.1 Introduction
Figure 23 Digital Twin Market, By Technology
6.2 Iot & Iiot
6.3 Blockchain
6.4 Artificial Intelligence & Machine Learning
6.5 Augmented Reality, Virtual Reality, & Mixed Reality
6.6 Big Data Analytics
6.7 5g

7 Digital Twin Market, By Usage Type
7.1 Introduction
Figure 24 Digital Twin Market, By Usage Type
Figure 25 Digital Twin Market, By Usage Type (2016–2026)
Table 2 Digital Twin Market, By Usage Type, 2016–2019 (Usd Billion)
Table 3 Digital Twin Market, By Usage Type, 2020–2026 (Usd Billion)
7.2 Product Digital Twin
7.2.1 Product Digital Twin Segment To Witness Significant Growth During Forecast Period
Table 4 Digital Twin Market For Product Usage Type, By Industry, 2016–2019 (Usd Million)
Table 5 Digital Twin Market For Product Usage Type, By Industry, 2020–2026 (Usd Million)
7.3 Process Digital Twin
7.3.1 Process Digital Twin Plays A Major Role In Digital Twin Market
Table 6 Digital Twin Market For Process Usage Type, By Industry, 2016–2019 (Usd Million)
Table 7 Digital Twin Market For Process Usage Type, By Industry, 2020–2026 (Usd Million)
7.4 System Digital Twin
7.4.1 System Digital Twin Segment To Dominate Digital Twin Market During Forecast Period
Table 8 Digital Twin Market For System Usage Type, By Industry, 2016–2019 (Usd Million)
Table 9 Digital Twin Market For System Usage Type, By Industry, 2020–2026 (Usd Million)

8 Digital Twin Market, By Application
8.1 Introduction
Figure 26 Digital Twin Market, By Application
Figure 27 Digital Twin Market, By Application (2016–2026)
Table 10 Digital Twin Market, By Application, 2016–2019 (Usd Billion)
Table 11 Digital Twin Market, By Application, 2020–2026 (Usd Billion)
8.2 Product Design & Development
8.2.1 Product Design & Development Segment To Register Steady Growth In Digital Twin Market
Table 12 Digital Twin Market For Product Design & Development, By Industry, 2016–2019 (Usd Million)
Table 13 Digital Twin Market For Product Design & Development, By Industry, 2020–2026 (Usd Million)
8.3 Performance Monitoring
8.3.1 Performance Management Plays A Vital Role In The Digital Twin Market
Table 14 Digital Twin Market, For Performance Monitoring, By Industry, 2016–2019 (Usd Million)
Table 15 Digital Twin Market For Performance Monitoring, By Industry, 2020–2026 (Usd Million)
8.4 Predictive Maintenance
8.4.1 Predictive Maintenance Segment To Witness Healthy Growth In The Market
Table 16 Digital Twin Market For Predictive Maintenance, By Industry, 2016–2019 (Usd Million)
Table 17 Digital Twin Market For Predictive Maintenance, By Industry, 2020–2026 (Usd Million)
8.5 Inventory Management
8.5.1 Inventory Management Will Play A Major Role In Transportation & Logistics Industry For Digital Twin Solutions
Table 18 Digital Twin Market For Inventory Management, By Industry, 2016–2019 (Usd Million)
Table 19 Digital Twin Market For Inventory Management, By Industry, 2020–2026 (Usd Million)
8.6 Business Optimization
8.6.1 Business Optimization Segment To Dominate Digital Twin Market During Forecast Period
Table 20 Digital Twin Market For Business Optimization, By Industry, 2016–2019 (Usd Million)
Table 21 Digital Twin Market For Business Optimization, By Industry, 2020–2026 (Usd Million)
8.7 Others
Table 22 Digital Twin Market For Others, By Industry 2016–2019 (Usd Million)
Table 23 Digital Twin Market For Others, By Industry 2020–2026 (Usd Million)

9 Digital Twin Market, By Industry
9.1 Introduction
Figure 28 Digital Twin Market, By Industry
Table 24 Digital Twin Market, By Industry, 2016–2019 (Usd Billion)
Table 25 Digital Twin Market, By Industry, 2020–2026 (Usd Billion)
Figure 29 Automotive & Transportation To Dominate Digital Twin Market During Forecast Period
9.2 Aerospace & Defence
9.2.1 Aerospace & Defense Segment To Witness Significant Growth In Digital Twin Market
Table 26 Digital Twin Market For Aerospace & Defence, By Type, 2016–2026 (Usd Million)
Table 27 Digital Twin Market For Aerospace & Defence, By Type, 2020–2026 (Usd Million)
Table 28 Digital Twin Market For Aerospace & Defence, By Application, 2016–2026 (Usd Million)
Table 29 Digital Twin Market For Aerospace & Defence, By Application, 2020–2026 (Usd Million)
Table 30 Digital Twin Market For Aerospace & Defence, By Region, 2016–2019 (Usd Million)
Table 31 Digital Twin Market For Aerospace & Defence, By Region, 2020–2026 (Usd Million)
9.3 Automotive & Transportation
9.3.1 Automotive & Transportation To Dominate Digital Twin Market During Forecast Period
Table 32 Digital Twin Market For Automotive & Transportation, By Type, 2016–2026 (Usd Million)
Table 33 Digital Twin Market For Automotive & Transportation, By Type, 2020–2026 (Usd Million)
Table 34 Digital Twin Market For Automotive & Transportation, By Application, 2016–2026 (Usd Million)
Table 35 Digital Twin Market For Automotive & Transportation, By Application, 2020–2026 (Usd Million)
Table 36 Digital Twin Market For Automotive & Transportation, By Region, 2016–2019 (Usd Million)
Table 37 Digital Twin Market For Automotive & Transportation, By Region, 2020–2026 (Usd Million)
9.4 Home & Commercial
9.4.1 Home And Commercial Segment To Witness Stable Growth In Post-Covid-19 Period
Table 38 Digital Twin Market For Home & Commercial, By Type, 2016–2026 (Usd Million)
Table 39 Digital Twin Market For Home & Commercial, By Type, 2020–2026 (Usd Million)
Table 40 Digital Twin Market For Home & Commercial, By Application, 2016–2026 (Usd Million)
Table 41 Digital Twin Market For Home & Commercial, By Application, 2020–2026 (Usd Million)
Table 42 Digital Twin Market For Home & Commercial, By Region, 2016–2019 (Usd Million)
Table 43 Digital Twin Market For Home & Commercial, By Region, 2020–2026 (Usd Million)
9.5 Healthcare
9.5.1 Healthcare Is Least Affected Segment During Covid-19 Crisis
Table 44 Digital Twin Market For Healthcare, By Type, 2016–2026 (Usd Million)
Table 45 Digital Twin Market For Healthcare, By Type, 2020–2026 (Usd Million)
Table 46 Digital Twin Market For Healthcare, By Application, 2016–2026 (Usd Million)
Table 47 Digital Twin Market For Healthcare, By Application, 2020–2026 (Usd Million)
Table 48 Digital Twin Market For Healthcare, By Region, 2016–2019 (Usd Million)
Table 49 Digital Twin Market For Healthcare, By Region, 2020–2026 (Usd Million)
9.6 Energy & Utilities
9.6.1 Increasing Digitization In The Energy & Utilities Segment
Table 50 Digital Twin Market For Energy & Utilities, By Type, 2016–2026 (Usd Million)
Table 51 Digital Twin Market For Energy & Utilities, By Type, 2020–2026 (Usd Million)
Table 52 Digital Twin Market For Energy & Utilities, By Application, 2016–2026 (Usd Million)
Table 53 Digital Twin Market For Energy & Utilities, By Application, 2020–2026 (Usd Million)
Table 54 Digital Twin Market For Energy & Utilities, By Region, 2016–2019 (Usd Million)
Table 55 Digital Twin Market For Energy & Utilities, By Region, 2020–2026 (Usd Million)
9.7 Oil & Gas
9.7.1 System Digital Twin Segment To Hold Maximum Share Of The Oil & Gas Market
Table 56 Digital Twin Market For Oil & Gas, By Type, 2016–2026 (Usd Million)
Table 57 Digital Twin Market For Oil & Gas, By Type, 2020–2026 (Usd Million)
Table 58 Digital Twin Market For Oil & Gas, By Application, 2016–2026 (Usd Million)
Table 59 Digital Twin Market For Oil & Gas, By Application, 2020–2026 (Usd Million)
Table 60 Digital Twin Market For Oil & Gas, By Region, 2016–2019 (Usd Million)
Table 61 Digital Twin Market For Oil & Gas, By Region, 2020–2026 (Usd Million)
9.8 Agriculture
9.8.1 Agriculture Segment To Witness Significant Growth, Especially In Apac, During Forecast Period
Table 62 Digital Twin Market For Agriculture, By Type, 2016–2026 (Usd Million)
Table 63 Digital Twin Market For Agriculture, By Application, 2016–2026 (Usd Million)
Table 64 Digital Twin Market For Agriculture, By Region, 2020–2026 (Usd Million)
9.9 Telecommunication
9.9.1 Telecommunication Segment To Play An Important Role In Growth Of Digital Twin Market Post 5g Commercialization
Table 65 Digital Twin Market For Telecommunication, By Type, 2016–2026 (Usd Million)
Table 66 Digital Twin Market For Telecommunication, By Application, 2016–2026 (Usd Million)
Table 67 Digital Twin Market For Telecommunication, By Region, 2020–2026 (Usd Million)
9.10 Retail
9.10.1 Inventory Management Segment To Account For Largest Share Of Digital Twin Market For Retail Industry
Table 68 Digital Twin Market For Retails, By Type, 2016–2026 (Usd Million)
Table 69 Digital Twin Market For Retails, By Application, 2016–2026 (Usd Million)
Table 70 Digital Twin Market For Retails, By Region, 2020–2026 (Usd Million)
9.11 Others
9.11.1 Apac To Be Fastest-Growing Regional Market For Digital Twin Market For Other Industries
Table 71 Digital Twin Market For Others, By Type, 2016–2026 (Usd Million)
Table 72 Digital Twin Market For Others, By Type, 2020–2026 (Usd Million)
Table 73 Digital Twin Market For Others, By Application, 2016–2026 (Usd Million)
Table 74 Digital Twin Market For Others, By Application, 2020–2026 (Usd Million)
Table 75 Digital Twin Market For Others, By Region, 2016–2019 (Usd Million)
Table 76 Digital Twin Market For Others, By Region, 2020–2026 (Usd Million)

10 Digital Twin Market, By Geography
10.1 Introduction
Figure 30 Digital Twin Market: Geographic Snapshot
Table 77 Digital Twin Market, By Region, 2016–2019 (Usd Billion)
Table 78 Digital Twin Market, By Region, 2020–2026 (Usd Billion)
10.2 North America
Figure 31 North America: Snapshot Of Digital Twin Market
Table 79 Digital Twin Market In North America, By Country, 2016–2019 (Usd Million)
Table 80 Digital Twin Market In North America, By Country, 2020–2026 (Usd Million)
Table 81 Digital Twin Market In North America, By Industry, 2016–2019 (Usd Million)
Table 82 Digital Twin Market In North America, By Industry, 2020–2026 (Usd Million)
10.2.1 Us
10.2.1.1 Us Holds Largest Share Of Digital Twin Market In North America
10.2.2 Canada
10.2.2.1 Emerging Digital Technologies To Drive Growth Of Digital Twin Market In Canada
10.2.3 Mexico
10.2.3.1 Increasing Adoption Of Digitization In The Home & Commercial Segments In Mexico
10.3 Europe
Figure 32 Europe: Snapshot Of Digital Twin Market
Table 83 Digital Twin Market In Europe, By Country, 2016–2019 (Usd Million)
Table 84 Digital Twin Market In Europe, By Country, 2020–2026 (Usd Million)
Table 85 Digital Twin Market In Europe, By Industry, 2016–2019 (Usd Million)
Table 86 Digital Twin Market In Europe, By Industry, 2020–2026 (Usd Million)
10.3.1 Germany
10.3.1.1 Industry 4.0 Initiative To Drive Digital Twin Market In Germany
10.3.2 Uk
10.3.2.1 Digital Twin Market In The Uk To Witness Healthy Growth During Forecast Period
10.3.3 France
10.3.3.1 Iot & Cloud To Play Vital Role In Growth Of Digital Twin Market In France
10.3.4 Rest Of Europe
10.4 Apac
Figure 33 Apac: Snapshot Of Digital Twin Market
Table 87 Digital Twin Market In Apac, By Country, 2016–2019 (Usd Million)
Table 88 Digital Twin Market In Apac, By Country, 2020–2026 (Usd Million)
Table 89 Digital Twin Market In Apac, By Industry, 2016–2019 (Usd Million)
Table 90 Digital Twin Market In Apac, By Industry, 2020–2026 (Usd Million)
10.4.1 China
10.4.1.1 China To Hold Largest Share Of Digital Twin Market During Forecast Period
10.4.2 Japan
10.4.2.1 Growing Adoption Of Iot To Drive Digital Twin Market In Japan
10.4.3 India
10.4.3.1 Government Initiatives Pertaining To Digitalization To Spur Growth Of Digital Twin Market In India
10.4.4 South Korea
10.4.4.1 South Korea To Record High Growth Rate During Forecast Period
10.4.5 Rest Of Apac
10.5 Row
Figure 34 Row: Snapshot Of Digital Twin Market
Table 91 Digital Twin Market In Row, By Country, 2016–2019 (Usd Million)
Table 92 Digital Twin Market In Row, By Country, 2020–2026 (Usd Million)
Table 93 Digital Twin Market In Row, By Industry, 2016–2019 (Usd Million)
Table 94 Digital Twin Market In Row, By Industry, 2020–2026 (Usd Million)
10.5.1 Middle East
10.5.1.1 Growth Of Oil & Gas Industry To Drive Digital Twin Market In The Middle East
10.5.2 South America
10.5.2.1 Brazil And Argentina Are Major Contributors To Growth Of Digital Twin Market In South America
10.5.3 Africa
10.5.3.1 African Telecommunication Industry To See Significant Growth For Digital Twin Market

11 Competitive Landscape
11.1 Overview
Figure 35 Companies In Digital Twin Market Adopted Product Development/Launches As Key Growth Strategy From 2016 To 2020
11.2 Market Player Share Analysis
Table 95 Ranking Of Top 5 Players In Industrial Valve Market, 2019
11.3 Competitive Scenario
11.3.1 Product Development/Launches
Table 96 Top 5 Key Product Development/Launches
11.3.2 Top 5 Partnerships, Mergers, And Acquisitions
Table 97 Key Mergers And Acquisitions
11.4 Company Evaluation Matrix
11.4.1 Star
11.4.2 Pervasive
11.4.3 Emerging Leaders
11.4.4 Participant
Figure 36 Digital Twin Market (Global) Company Evaluation Matrix, 2019
11.5 Strength Of Product Portfolio (For All 25 Players)
Figure 37 Product Portfolio Analysis Of Top Players In Digital Twin Market
11.6 Business Strategy Excellence (For All 25 Players)
Figure 38 Business Strategy Excellence Of Top Players In Digital Twin Market

12 Company Profiles
12.1 Introduction
12.2 Key Players
(Business Overview, Products/Solutions Offered, Recent Developments, Swot Analysis, And Mnm View)*
12.2.1 General Electric
Figure 39 General Electric: Company Snapshot
12.2.2 Ibm
Figure 40 Ibm: Company Snapshot
12.2.3 Ptc
Figure 41 Ptc: Company Snapshot
12.2.4 Microsoft Corporation
Figure 42 Microsoft Corporation: Company Snapshot
12.2.5 Siemens Ag
Figure 43 Siemens Ag: Company Snapshot
12.2.6 Ansys
Figure 44 Ansys: Company Snapshot
12.2.7 Sap
Figure 45 Sap: Company Snapshot
12.2.8 Oracle
Figure 46 Oracle: Company Snapshot
12.2.9 Robert Bosch
Figure 47 Robert Bosch: Company Snapshot
12.2.10 Swim Ai
* Business Overview, Products/Solutions Offered, Recent Developments, Swot Analysis, And Mnm View Might Not Be Captured In Case Of Unlisted Companies.
12.3 Right To Win
12.4 Key Startups
12.4.1 Visualiz
12.4.2 Pratiti Technologies
12.4.3 Qio Technologies
12.4.4 Petra Data Science
12.4.5 Datumix
12.5 Other Important Key Players
12.5.1 Abb
12.5.2 Dassault System
12.5.3 Honey Well
12.5.4 Schneider
12.5.5 Emerson

13 Appendix
13.1 Insights Of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

Filed in: Semiconductor & Electronics
Publisher : marketsandmarkets