Global Digital Twin Market Report By Application (Product Design And Development , Machine And Equipment Health Monitoring , Predictive Maintenance , And Dynamic Optimization), End User (Aerospace And Defense , Automotive And Transportation , Home And Commercial , Electronics & Electrical/Machine Manufacturing , Healthcare , Energy And Utilities , Retail And Consumer Goods , And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025
ID:VMR11210495
February 2019
Report Formats:
As per this study the Global Digital Twin Market was valued USD XX.X MN (by revenue) in 2018 and is anticipated to reach USD XX.X MN by 2025 with a CAGR of X.X%.
Digital twin is a virtual model of a physical asset, process, services, products, people and devices that can be used for various purposes like real-time optimization of devices that helps business in better analysis and early prediction of errors. Digital twin is used to analyze changes in the performance or condition of a machine component during operation. Digital twin is a digital representation of how the Internet of Things (IoT) operates and lives throughout its life. Digital twin technology is being used across numerous end-use industries owing to its potential in improving production layout, reducing operational costs, and enhancing the productivity of the existing system.
Market Dynamics
The increase in the adoption of Internet of Things (IoT) predominantly for design and manufacturing is boosting the market growth of digital twin. Further, growing usage of connected devices across various organizations, and the emergence of high-speed networking technologies are also fueling market growth. However, cybercrimes and data security threats would restrain the market growth of digital twin.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of digital twin.
Market Segmentation
The broad digital twin market has been sub-grouped into application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Product Design and Development
- Machine and Equipment Health Monitoring
- Predictive Maintenance
- Dynamic Optimization
By End User
- Aerospace and Defense
- Automotive and Transportation
- Home and Commercial
- Electronics & Electrical/Machine Manufacturing
- Healthcare
- Energy and Utilities
- Retail and Consumer Goods
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for digital twin in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Digital Twin Market By Revenue (USD MN)
The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the digital twin market include IBM Corporation, Microsoft Corporation, Oracle Corporation, and PTC, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
1. INTRODUCTION
- Introduction To Digital Twin
- Report Description
- Objectives Of The Study
- Assumptions
- Research Scope
- Research Methodology
- Data Source
2. EXECUTIVE SUMMARY
- Market Highlight
- Global Digital Twin Market: Snapshot
3. MARKET ANALYSIS
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Value Chain Analysis
4. DIGITAL TWIN MARKET ANALYSIS BY APPLICATION
- Digital Twin Market In Product Design and Development
- Digital Twin Market In Machine and Equipment Health Monitoring
- Digital Twin Market In Predictive Maintenance
- Digital Twin Market In Dynamic Optimization
5. DIGITAL TWIN MARKET ANALYSIS BY END USER
- Digital Twin Market In Aerospace and Defense
- Digital Twin Market In Automotive and Transportation
- Digital Twin Market In Home and Commercial
- Digital Twin Market In Electronics & Electrical/Machine Manufacturing
- Digital Twin Market In Healthcare
- Digital Twin Market In Energy and Utilities
- Digital Twin Market In Retail and Consumer Goods
- Digital Twin Market In Others
6. DIGITAL TWIN MARKET ANALYSIS BY GEOGRAPHY
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
7. COMPETITIVE LANDSCAPE OF THE DIGITAL TWIN COMPANIES
- Market Competition
- Partnerships/Collaborations/Agreements
- Mergers And Acquisitions
- New Product Launches
- Other Developments
8. COMPANY PROFILES OF THE DIGITAL TWIN INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- PTC, Inc.
* Tentative TOC
LIST OF TABLES
Table 1. Market Highlights Of Digital Twin
Table 2. Global Digital Twin Market By Application
Table 3. Global Digital Twin Market By End-User
Table 4. Global Digital Twin Market By Geography
Table 5. North America Digital Twin Market
Table 6. Europe Digital Twin Market
Table 7. Asia Pacific Digital Twin Market
Table 8. Latin America Digital Twin Market
Table 9. Middle East And Africa Digital Twin Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Digital Twin Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Digital Twin
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Digital Twin Market By Application
Fig. 8. Global Digital Twin Market By End-User
Fig. 9. Global Digital Twin Market By Geography
Fig. 10. North America Digital Twin Market
Fig. 11. Europe Digital Twin Market
Fig. 12. Asia Pacific Digital Twin Market
Fig. 13. Latin America Digital Twin Market
Fig. 14. Middle East And Africa Digital Twin Market
Fig. 15. Market Share Of Digital Twin Companies
Fig. 16. Recent Developments In Digital Twin Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
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