Global and United States Digital Twin Technology Market Report & Forecast 2022-2028

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

Digital Twin is a near-real-time digital image about the historical and current behaviour of a physical object or process that helps optimize business performance.

Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.

Market Analysis and Insights: Global and United States Digital Twin Technology Market
This report focuses on global and United States Digital Twin Technology market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Digital Twin Technology market size is estimated to be worth US$ 2028 million in 2022 and is forecast to a readjusted size of US$ 4133.3 million by 2028 with a CAGR of 12.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, System Twin accounting for % of the Digital Twin Technology global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Aerospace and Defense was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global digital twin technology key players include General Electric, PTC, Siemens etc. Global top 3 manufacturers hold a share about 50%. North America is the largest market, with a share about 53%, followed by Europe, have a share over 38 percent.In terms of product, system twin is the largest segment, with a share over 55%. And in terms of application, the largest application is machine manufacturing, followed by energy & utilities.

Global Digital Twin Technology Scope and Market Size
Digital Twin Technology market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Digital Twin Technology market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Digital Twin Technology market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    System Twin
    Process Twin
    Asset Twin

Segment by Application
    Aerospace and Defense
    Automotive and Transportation
    Machine Manufacturing
    Energy and Utilities
    Others

By Region
    North America
        U.S.
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    General Electric
    PTC
    Siemens
    Dassault Systèmes
    IBM Corporation
    ANSYS
    Microsoft Corporation
    Oracle Corporation
    Accenture (Mackevision)
    SAP
    AVEVA Group

 1 Study Coverage
    1.1 Digital Twin Technology Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million) Introduction
    1.2 Global Digital Twin Technology Outlook 2017 VS 2022 VS 2028
        1.2.1 Global Digital Twin Technology Market Size for the Year 2017-2028
        1.2.2 Global Digital Twin Technology Market Size for the Year 2017-2028
    1.3 Digital Twin Technology Market Size, United States VS Global, 2017 VS 2022 VS 2028
        1.3.1 The Market Share of United States Digital Twin Technology in Global, 2017 VS 2022 VS 2028
        1.3.2 The Growth Rate of Digital Twin Technology Market Size, United States VS Global, 2017 VS 2022 VS 2028
    1.4 Digital Twin Technology Market Dynamics
        1.4.1 Digital Twin Technology Industry Trends
        1.4.2 Digital Twin Technology Market Drivers
        1.4.3 Digital Twin Technology Market Challenges
        1.4.4 Digital Twin Technology Market Restraints
    1.5 Study Objectives
    1.6 Years Considered

 2 Digital Twin Technology by Type
    2.1 Digital Twin Technology Market Segment by Type
        2.1.1 System Twin
        2.1.2 Process Twin
        2.1.3 Asset Twin
    2.2 Global Digital Twin Technology Market Size by Type (2017, 2022 & 2028)
    2.3 Global Digital Twin Technology Market Size by Type (2017-2028)
    2.4 United States Digital Twin Technology Market Size by Type (2017, 2022 & 2028)
    2.5 United States Digital Twin Technology Market Size by Type (2017-2028)

 3 Digital Twin Technology by Application
    3.1 Digital Twin Technology Market Segment by Application
        3.1.1 Aerospace and Defense
        3.1.2 Automotive and Transportation
        3.1.3 Machine Manufacturing
        3.1.4 Energy and Utilities
        3.1.5 Others
    3.2 Global Digital Twin Technology Market Size by Application (2017, 2022 & 2028)
    3.3 Global Digital Twin Technology Market Size by Application (2017-2028)
    3.4 United States Digital Twin Technology Market Size by Application (2017, 2022 & 2028)
    3.5 United States Digital Twin Technology Market Size by Application (2017-2028)

 4 Global Digital Twin Technology Competitor Landscape by Company
    4.1 Global Digital Twin Technology Market Size by Company
        4.1.1 Top Global Digital Twin Technology Companies Ranked by Revenue (2021)
        4.1.2 Global Digital Twin Technology Revenue by Player (2017-2022)
    4.2 Global Digital Twin Technology Concentration Ratio (CR)
        4.2.1 Digital Twin Technology Market Concentration Ratio (CR) (2017-2022)
        4.2.2 Global Top 5 and Top 10 Largest Companies of Digital Twin Technology in 2021
        4.2.3 Global Digital Twin Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.3 Global Digital Twin Technology Headquarters, Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million) Type
        4.3.1 Global Digital Twin Technology Headquarters and Area Served
        4.3.2 Global Digital Twin Technology Companies Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million) Type
        4.3.3 Date of International Companies Enter into Digital Twin Technology Market
    4.4 Companies Mergers & Acquisitions, Expansion Plans
    4.5 United States Digital Twin Technology Market Size by Company
        4.5.1 Top Digital Twin Technology Players in United States, Ranked by Revenue (2021)
        4.5.2 United States Digital Twin Technology Revenue by Players (2020, 2021 & 2022)

 5 Global Digital Twin Technology Market Size by Region
    5.1 Global Digital Twin Technology Market Size by Region: 2017 VS 2022 VS 2028
    5.2 Global Digital Twin Technology Market Size by Region (2017-2028)
        5.2.1 Global Digital Twin Technology Market Size by Region: 2017-2022
        5.2.2 Global Digital Twin Technology Market Size by Region (2023-2028)

 6 Segment in Region Level & Country Level
    6.1 North America
        6.1.1 North America Digital Twin Technology Market Size YoY Growth 2017-2028
        6.1.2 North America Digital Twin Technology Market Facts & Figures by Country (2017, 2022 & 2028)
        6.1.3 U.S.
        6.1.4 Canada
    6.2 Asia-Pacific
        6.2.1 Asia-Pacific Digital Twin Technology Market Size YoY Growth 2017-2028
        6.2.2 Asia-Pacific Digital Twin Technology Market Facts & Figures by Region (2017, 2022 & 2028)
        6.2.3 China
        6.2.4 Japan
        6.2.5 South Korea
        6.2.6 India
        6.2.7 Australia
        6.2.8 China Taiwan
        6.2.9 Indonesia
        6.2.10 Thailand
        6.2.11 Malaysia
    6.3 Europe
        6.3.1 Europe Digital Twin Technology Market Size YoY Growth 2017-2028
        6.3.2 Europe Digital Twin Technology Market Facts & Figures by Country (2017, 2022 & 2028)
        6.3.3 Germany
        6.3.4 France
        6.3.5 U.K.
        6.3.6 Italy
        6.3.7 Russia
    6.4 Latin America
        6.4.1 Latin America Digital Twin Technology Market Size YoY Growth 2017-2028
        6.4.2 Latin America Digital Twin Technology Market Facts & Figures by Country (2017, 2022 & 2028)
        6.4.3 Mexico
        6.4.4 Brazil
        6.4.5 Argentina
    6.5 Middle East and Africa
        6.5.1 Middle East and Africa Digital Twin Technology Market Size YoY Growth 2017-2028
        6.5.2 Middle East and Africa Digital Twin Technology Market Facts & Figures by Country (2017, 2022 & 2028)
        6.5.3 Turkey
        6.5.4 Saudi Arabia
        6.5.5 UAE

 7 Company Profiles
    7.1 General Electric
        7.1.1 General Electric Company Details
        7.1.2 General Electric Business Overview
        7.1.3 General Electric Digital Twin Technology Introduction
        7.1.4 General Electric Revenue in Digital Twin Technology Business (2017-2022)
        7.1.5 General Electric Recent Development
    7.2 PTC
        7.2.1 PTC Company Details
        7.2.2 PTC Business Overview
        7.2.3 PTC Digital Twin Technology Introduction
        7.2.4 PTC Revenue in Digital Twin Technology Business (2017-2022)
        7.2.5 PTC Recent Development
    7.3 Siemens
        7.3.1 Siemens Company Details
        7.3.2 Siemens Business Overview
        7.3.3 Siemens Digital Twin Technology Introduction
        7.3.4 Siemens Revenue in Digital Twin Technology Business (2017-2022)
        7.3.5 Siemens Recent Development
    7.4 Dassault Systèmes
        7.4.1 Dassault Systèmes Company Details
        7.4.2 Dassault Systèmes Business Overview
        7.4.3 Dassault Systèmes Digital Twin Technology Introduction
        7.4.4 Dassault Systèmes Revenue in Digital Twin Technology Business (2017-2022)
        7.4.5 Dassault Systèmes Recent Development
    7.5 IBM Corporation
        7.5.1 IBM Corporation Company Details
        7.5.2 IBM Corporation Business Overview
        7.5.3 IBM Corporation Digital Twin Technology Introduction
        7.5.4 IBM Corporation Revenue in Digital Twin Technology Business (2017-2022)
        7.5.5 IBM Corporation Recent Development
    7.6 ANSYS
        7.6.1 ANSYS Company Details
        7.6.2 ANSYS Business Overview
        7.6.3 ANSYS Digital Twin Technology Introduction
        7.6.4 ANSYS Revenue in Digital Twin Technology Business (2017-2022)
        7.6.5 ANSYS Recent Development
    7.7 Microsoft Corporation
        7.7.1 Microsoft Corporation Company Details
        7.7.2 Microsoft Corporation Business Overview
        7.7.3 Microsoft Corporation Digital Twin Technology Introduction
        7.7.4 Microsoft Corporation Revenue in Digital Twin Technology Business (2017-2022)
        7.7.5 Microsoft Corporation Recent Development
    7.8 Oracle Corporation
        7.8.1 Oracle Corporation Company Details
        7.8.2 Oracle Corporation Business Overview
        7.8.3 Oracle Corporation Digital Twin Technology Introduction
        7.8.4 Oracle Corporation Revenue in Digital Twin Technology Business (2017-2022)
        7.8.5 Oracle Corporation Recent Development
    7.9 Accenture (Mackevision)
        7.9.1 Accenture (Mackevision) Company Details
        7.9.2 Accenture (Mackevision) Business Overview
        7.9.3 Accenture (Mackevision) Digital Twin Technology Introduction
        7.9.4 Accenture (Mackevision) Revenue in Digital Twin Technology Business (2017-2022)
        7.9.5 Accenture (Mackevision) Recent Development
    7.10 SAP
        7.10.1 SAP Company Details
        7.10.2 SAP Business Overview
        7.10.3 SAP Digital Twin Technology Introduction
        7.10.4 SAP Revenue in Digital Twin Technology Business (2017-2022)
        7.10.5 SAP Recent Development
    7.11 AVEVA Group
        7.11.1 AVEVA Group Company Details
        7.11.2 AVEVA Group Business Overview
        7.11.3 AVEVA Group Digital Twin Technology Introduction
        7.11.4 AVEVA Group Revenue in Digital Twin Technology Business (2017-2022)
        7.11.5 AVEVA Group Recent Development

 8 Research Findings and Conclusion

 9 Appendix
    9.1 Research Methodology
        9.1.1 Methodology/Research Approach
        9.1.2 Data Source
    9.2 Author Details
    9.3 Disclaimer

List of Tables
    Table 1. Digital Twin Technology Market Size United States VS Global, CAGR (2017 VS 2022 VS 2028)
    Table 2. Digital Twin Technology Market Trends
    Table 3. Digital Twin Technology Market Drivers
    Table 4. Digital Twin Technology Market Challenges
    Table 5. Digital Twin Technology Market Restraints
    Table 6. Global Digital Twin Technology Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 7. United States Digital Twin Technology Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 8. Global Digital Twin Technology Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 9. United States Digital Twin Technology Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 10. Top Digital Twin Technology Companies in Global Market, Ranking by Revenue (2021)
    Table 11. Global Digital Twin Technology Revenue by Player, (US$ Million), 2017-2022
    Table 12. Global Digital Twin Technology Revenue Share by Player, 2017-2022
    Table 13. Global Digital Twin Technology Companies Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Digital Twin Technology by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Digital Twin Technology as of 2021)
    Table 15. Top Players of Digital Twin Technology in Global Market, Headquarters and Area Served
    Table 16. Companies Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million) Type
    Table 17. Date of International Companies Enter into Digital Twin Technology Market
    Table 18. Companies Mergers & Acquisitions, Expansion Plans
    Table 19. Top Digital Twin Technology Players in United States Market, Ranking by Revenue (2021)
    Table 20. United States Digital Twin Technology Revenue by Players, (US$ Million), 2020, 2021 & 2022
    Table 21. United States Digital Twin Technology Revenue Share by Players, 2020, 2021 & 2022
    Table 22. Global Digital Twin Technology Market Size by Region (US$ Million): 2017 VS 2022 VS 2028
    Table 23. Global Digital Twin Technology Market Size by Region (2017-2022) & (US$ Million)
    Table 24. Global Digital Twin Technology Market Size Forecast by Region (2023-2028) & (US$ Million)
    Table 25. North America Digital Twin Technology Sales in Value by Country (2017-2028) & (US$ Million)
    Table 26. Asia Pacific Digital Twin Technology Sales in Value by Region (2017-2028) & (US$ Million)
    Table 27. Europe Digital Twin Technology Sales in Value by Country (2017-2028) & (US$ Million)
    Table 28. Latin Americaa Digital Twin Technology Sales in Value by Country (2017-2028) & (US$ Million)
    Table 29. Middle East and Africa Digital Twin Technology Sales in Value by Country (2017-2028) & (US$ Million)
    Table 30. General Electric Company Details
    Table 31. General Electric Business Overview
    Table 32. General Electric Digital Twin Technology Product
    Table 33. General Electric Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 34. General Electric Recent Development
    Table 35. PTC Company Details
    Table 36. PTC Business Overview
    Table 37. PTC Digital Twin Technology Product
    Table 38. PTC Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 39. PTC Recent Development
    Table 40. Siemens Company Details
    Table 41. Siemens Business Overview
    Table 42. Siemens Digital Twin Technology Product
    Table 43. Siemens Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 44. Siemens Recent Development
    Table 45. Dassault Systèmes Company Details
    Table 46. Dassault Systèmes Business Overview
    Table 47. Dassault Systèmes Digital Twin Technology Product
    Table 48. Dassault Systèmes Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 49. Dassault Systèmes Recent Development
    Table 50. IBM Corporation Company Details
    Table 51. IBM Corporation Business Overview
    Table 52. IBM Corporation Digital Twin Technology Product
    Table 53. IBM Corporation Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 54. IBM Corporation Recent Development
    Table 55. ANSYS Company Details
    Table 56. ANSYS Business Overview
    Table 57. ANSYS Digital Twin Technology Product
    Table 58. ANSYS Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 59. ANSYS Recent Development
    Table 60. Microsoft Corporation Company Details
    Table 61. Microsoft Corporation Business Overview
    Table 62. Microsoft Corporation Digital Twin Technology Product
    Table 63. Microsoft Corporation Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 64. Microsoft Corporation Recent Development
    Table 65. Oracle Corporation Company Details
    Table 66. Oracle Corporation Business Overview
    Table 67. Oracle Corporation Digital Twin Technology Product
    Table 68. Oracle Corporation Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 69. Oracle Corporation Recent Development
    Table 70. Accenture (Mackevision) Company Details
    Table 71. Accenture (Mackevision) Business Overview
    Table 72. Accenture (Mackevision) Digital Twin Technology Product
    Table 73. Accenture (Mackevision) Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 74. Accenture (Mackevision) Recent Development
    Table 75. SAP Company Details
    Table 76. SAP Business Overview
    Table 77. SAP Digital Twin Technology Product
    Table 78. SAP Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 79. SAP Recent Development
    Table 80. AVEVA Group Company Details
    Table 81. AVEVA Group Business Overview
    Table 82. AVEVA Group Digital Twin Technology Product
    Table 83. AVEVA Group Revenue in Digital Twin Technology Business (2017-2022) & (US$ Million)
    Table 84. AVEVA Group Recent Development
    Table 85. Research Programs/Design for This Report
    Table 86. Key Data Information from Secondary Sources
    Table 87. Key Data Information from Primary Sources
List of Figures
    Figure 1. Digital Twin Technology Product Picture
    Figure 2. Global Digital Twin Technology Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 3. Global Digital Twin Technology Market Size 2017-2028 (US$ Million)
    Figure 4. United States Digital Twin Technology Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 5. United States Digital Twin Technology Market Size 2017-2028 (US$ Million)
    Figure 6. United States Digital Twin Technology Market Share in Global 2017-2028
    Figure 7. Digital Twin Technology Report Years Considered
    Figure 8. Product Picture of System Twin
    Figure 9. Product Picture of Process Twin
    Figure 10. Product Picture of Asset Twin
    Figure 11. Global Digital Twin Technology Market Share by Type in 2022 & 2028
    Figure 12. Global Digital Twin Technology Market Size by Type (2017-2028) & (US$ Million)
    Figure 13. Global Digital Twin Technology Market Share by Type (2017-2028)
    Figure 14. United States Digital Twin Technology Market Share by Type in 2022 & 2028
    Figure 15. United States Digital Twin Technology Market Size by Type (2017-2028) & (US$ Million)
    Figure 16. United States Digital Twin Technology Market Share by Type (2017-2028)
    Figure 17. Product Picture of Aerospace and Defense
    Figure 18. Product Picture of Automotive and Transportation
    Figure 19. Product Picture of Machine Manufacturing
    Figure 20. Product Picture of Energy and Utilities
    Figure 21. Product Picture of Others
    Figure 22. Global Digital Twin Technology Market Share by Application in 2022 & 2028
    Figure 23. Global Digital Twin Technology Market Size by Application (2017-2028) & (US$ Million)
    Figure 24. Global Digital Twin Technology Market Share by Application (2017-2028)
    Figure 25. United States Digital Twin Technology Market Share by Application in 2022 & 2028
    Figure 26. United States Digital Twin Technology Market Size by Application (2017-2028) & (US$ Million)
    Figure 27. United States Digital Twin Technology Market Share by Application (2017-2028)
    Figure 28. North America Digital Twin Technology Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 29. U.S. Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 30. Canada Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 31. Europe Digital Twin Technology Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 32. Germany Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 33. France Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 34. U.K. Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 35. Italy Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 36. Russia Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 37. Asia-Pacific Digital Twin Technology Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 38. China Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 39. Japan Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 40. South Korea Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 41. India Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 42. Australia Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 43. China Taiwan Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 44. Indonesia Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 45. Thailand Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 46. Malaysia Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 47. Latin America Digital Twin Technology Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 48. Mexico Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 49. Brazil Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 50. Argentina Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 51. Middle East & Africa Digital Twin Technology Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 52. Turkey Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 53. Saudi Arabia Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 54. UAE Digital Twin Technology Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 55. General Electric Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 56. PTC Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 57. Siemens Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 58. Dassault Systèmes Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 59. IBM Corporation Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 60. ANSYS Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 61. Microsoft Corporation Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 62. Oracle Corporation Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 63. Accenture (Mackevision) Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 64. SAP Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 65. AVEVA Group Revenue Growth Rate in Digital Twin Technology Business (2017-2022)
    Figure 66. Bottom-up and Top-down Approaches for This Report
    Figure 67. Data Triangulation
    Figure 68. Key Executives Interviewed

Digital Twin is a near-real-time digital image about the historical and current behaviour of a physical object or process that helps optimize business performance.

Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.

Market Analysis and Insights: Global and United States Digital Twin Technology Market
This report focuses on global and United States Digital Twin Technology market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Digital Twin Technology market size is estimated to be worth US$ 2028 million in 2022 and is forecast to a readjusted size of US$ 4133.3 million by 2028 with a CAGR of 12.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, System Twin accounting for % of the Digital Twin Technology global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Aerospace and Defense was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global digital twin technology key players include General Electric, PTC, Siemens etc. Global top 3 manufacturers hold a share about 50%. North America is the largest market, with a share about 53%, followed by Europe, have a share over 38 percent.In terms of product, system twin is the largest segment, with a share over 55%. And in terms of application, the largest application is machine manufacturing, followed by energy & utilities.

Global Digital Twin Technology Scope and Market Size
Digital Twin Technology market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Digital Twin Technology market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Digital Twin Technology market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    System Twin
    Process Twin
    Asset Twin

Segment by Application
    Aerospace and Defense
    Automotive and Transportation
    Machine Manufacturing
    Energy and Utilities
    Others

By Region
    North America
        U.S.
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    General Electric
    PTC
    Siemens
    Dassault Systèmes
    IBM Corporation
    ANSYS
    Microsoft Corporation
    Oracle Corporation
    Accenture (Mackevision)
    SAP
    AVEVA Group