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Digital Twin & Digital Thread-Global Market Insights and Sales Trends 2024
Synopsis
Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.
The global Digital Twin & Digital Thread market size is expected to reach US$ 6872.5 million by 2029, growing at a CAGR of 12.7% from 2023 to 2029. The market is mainly driven by the significant applications of Digital Twin & Digital Thread in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Digital Twin & Digital Thread market. Parts Twin, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Product Twin segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Digital Twin & Digital Thread market, driven by demand from China, the second largest economy with some signs of stabilising, the Digital Twin & Digital Thread market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digital Twin & Digital Thread, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digital Twin & Digital Thread market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digital Twin & Digital Thread market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digital Twin & Digital Thread sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digital Twin & Digital Thread covered in this report include General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc.
The global Digital Twin & Digital Thread market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group
Global Digital Twin & Digital Thread market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digital Twin & Digital Thread market, Segment by Type:
Parts Twin
Product Twin
Process Twin
System Twin
Global Digital Twin & Digital Thread market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Digital Twin & Digital Thread companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.
The global Digital Twin & Digital Thread market size is expected to reach US$ 6872.5 million by 2029, growing at a CAGR of 12.7% from 2023 to 2029. The market is mainly driven by the significant applications of Digital Twin & Digital Thread in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Digital Twin & Digital Thread market. Parts Twin, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Product Twin segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Digital Twin & Digital Thread market, driven by demand from China, the second largest economy with some signs of stabilising, the Digital Twin & Digital Thread market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digital Twin & Digital Thread, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digital Twin & Digital Thread market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digital Twin & Digital Thread market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digital Twin & Digital Thread sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digital Twin & Digital Thread covered in this report include General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc.
The global Digital Twin & Digital Thread market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group
Global Digital Twin & Digital Thread market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digital Twin & Digital Thread market, Segment by Type:
Parts Twin
Product Twin
Process Twin
System Twin
Global Digital Twin & Digital Thread market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Digital Twin & Digital Thread companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Digital Twin & Digital Thread
1.1 Digital Twin & Digital Thread Market Overview
1.1.1 Digital Twin & Digital Thread Product Scope
1.1.2 Digital Twin & Digital Thread Market Status and Outlook
1.2 Global Digital Twin & Digital Thread Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Digital Twin & Digital Thread Market Size by Region (2018-2029)
1.4 Global Digital Twin & Digital Thread Historic Market Size by Region (2018-2023)
1.5 Global Digital Twin & Digital Thread Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Digital Twin & Digital Thread Market Size (2018-2029)
1.6.1 North America Digital Twin & Digital Thread Market Size (2018-2029)
1.6.2 Europe Digital Twin & Digital Thread Market Size (2018-2029)
1.6.3 Asia-Pacific Digital Twin & Digital Thread Market Size (2018-2029)
1.6.4 Latin America Digital Twin & Digital Thread Market Size (2018-2029)
1.6.5 Middle East & Africa Digital Twin & Digital Thread Market Size (2018-2029)
2 Digital Twin & Digital Thread Market by Type
2.1 Introduction
2.1.1 Parts Twin
2.1.2 Product Twin
2.1.3 Process Twin
2.1.4 System Twin
2.2 Global Digital Twin & Digital Thread Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Digital Twin & Digital Thread Historic Market Size by Type (2018-2023)
2.2.2 Global Digital Twin & Digital Thread Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Digital Twin & Digital Thread Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Digital Twin & Digital Thread Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Digital Twin & Digital Thread Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Digital Twin & Digital Thread Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Digital Twin & Digital Thread Revenue Breakdown by Type (2018-2029)
3 Digital Twin & Digital Thread Market Overview by Application
3.1 Introduction
3.1.1 Aerospace & Defense
3.1.2 Automotive & Transportation
3.1.3 Machine Manufacturing
3.1.4 Energy & Utilities
3.1.5 Others
3.2 Global Digital Twin & Digital Thread Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Digital Twin & Digital Thread Historic Market Size by Application (2018-2023)
3.2.2 Global Digital Twin & Digital Thread Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Digital Twin & Digital Thread Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Digital Twin & Digital Thread Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Digital Twin & Digital Thread Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Digital Twin & Digital Thread Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Digital Twin & Digital Thread Revenue Breakdown by Application (2018-2029)
4 Digital Twin & Digital Thread Competition Analysis by Players
4.1 Global Digital Twin & Digital Thread Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Digital Twin & Digital Thread as of 2022)
4.3 Date of Key Players Enter into Digital Twin & Digital Thread Market
4.4 Global Top Players Digital Twin & Digital Thread Headquarters and Area Served
4.5 Key Players Digital Twin & Digital Thread Product Solution and Service
4.6 Competitive Status
4.6.1 Digital Twin & Digital Thread Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 General Electric
5.1.1 General Electric Profile
5.1.2 General Electric Main Business
5.1.3 General Electric Digital Twin & Digital Thread Products, Services and Solutions
5.1.4 General Electric Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.1.5 General Electric Recent Developments
5.2 PTC
5.2.1 PTC Profile
5.2.2 PTC Main Business
5.2.3 PTC Digital Twin & Digital Thread Products, Services and Solutions
5.2.4 PTC Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.2.5 PTC Recent Developments
5.3 Siemens
5.3.1 Siemens Profile
5.3.2 Siemens Main Business
5.3.3 Siemens Digital Twin & Digital Thread Products, Services and Solutions
5.3.4 Siemens Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.3.5 Dassault Systèmes Recent Developments
5.4 Dassault Systèmes
5.4.1 Dassault Systèmes Profile
5.4.2 Dassault Systèmes Main Business
5.4.3 Dassault Systèmes Digital Twin & Digital Thread Products, Services and Solutions
5.4.4 Dassault Systèmes Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.4.5 Dassault Systèmes Recent Developments
5.5 IBM Corporation
5.5.1 IBM Corporation Profile
5.5.2 IBM Corporation Main Business
5.5.3 IBM Corporation Digital Twin & Digital Thread Products, Services and Solutions
5.5.4 IBM Corporation Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.5.5 IBM Corporation Recent Developments
5.6 ANSYS
5.6.1 ANSYS Profile
5.6.2 ANSYS Main Business
5.6.3 ANSYS Digital Twin & Digital Thread Products, Services and Solutions
5.6.4 ANSYS Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.6.5 ANSYS Recent Developments
5.7 Microsoft Corporation
5.7.1 Microsoft Corporation Profile
5.7.2 Microsoft Corporation Main Business
5.7.3 Microsoft Corporation Digital Twin & Digital Thread Products, Services and Solutions
5.7.4 Microsoft Corporation Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.7.5 Microsoft Corporation Recent Developments
5.8 Oracle Corporation
5.8.1 Oracle Corporation Profile
5.8.2 Oracle Corporation Main Business
5.8.3 Oracle Corporation Digital Twin & Digital Thread Products, Services and Solutions
5.8.4 Oracle Corporation Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.8.5 Oracle Corporation Recent Developments
5.9 Accenture (Mackevision)
5.9.1 Accenture (Mackevision) Profile
5.9.2 Accenture (Mackevision) Main Business
5.9.3 Accenture (Mackevision) Digital Twin & Digital Thread Products, Services and Solutions
5.9.4 Accenture (Mackevision) Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.9.5 Accenture (Mackevision) Recent Developments
5.10 SAP
5.10.1 SAP Profile
5.10.2 SAP Main Business
5.10.3 SAP Digital Twin & Digital Thread Products, Services and Solutions
5.10.4 SAP Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.10.5 SAP Recent Developments
5.11 AVEVA Group
5.11.1 AVEVA Group Profile
5.11.2 AVEVA Group Main Business
5.11.3 AVEVA Group Digital Twin & Digital Thread Products, Services and Solutions
5.11.4 AVEVA Group Digital Twin & Digital Thread Revenue (US$ Million) & (2018-2023)
5.11.5 AVEVA Group Recent Developments
6 North America
6.1 North America Digital Twin & Digital Thread Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Digital Twin & Digital Thread Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Digital Twin & Digital Thread Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Digital Twin & Digital Thread Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Digital Twin & Digital Thread Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Digital Twin & Digital Thread Market Dynamics
11.1 Digital Twin & Digital Thread Industry Trends
11.2 Digital Twin & Digital Thread Market Drivers
11.3 Digital Twin & Digital Thread Market Challenges
11.4 Digital Twin & Digital Thread Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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