Digital Twin Technology Market 2028 By Application, End-user and Geography | The Insight Partners

Digital Twin Technology Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Product Design and Testing, Smart Connected Products, Robotics, Asset Management, Customer Experience, Others); End-user (Manufacturing, Healthcare, Automotive and Transportation, Energy and Utilities, Retail, Logistics, Others) and Geography

Report Code: TIPTE100001016 | No. of Pages: 150 | Category: Electronics and Semiconductor | Status: Upcoming

MARKET OVERVIEW



The concept of a digital twin, has become economically viable on account of latest, modern technologies such as the Internet of Things (IoT). The Internet of Things (IOT) reduces the cost of deployment. Product design and manufacturing process planning are two areas where digital twin technologies are used. A few current applications, such as wind turbines and aviation engines, have adopted the digital twin concept. In addition, digital twin technology is being used in popular applications such as smart cities, diagnostics, and monitoring.

MARKET SCOPE



The "Global Digital Twin Technology Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the digital twin technology market with detailed market segmentation sensing application, end-user, and geography. The report provides key statistics on the market status of the leading digital twin technology market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  • Based on application, the global digital twin technology market is segmented into product design and testing, smart connected products, Robotics, Industrial Assets & System Management, Customer Experience and Others.
  • On the basis of end-user, the market is segmented into Manufacturing, Healthcare, Supply Chain Management, Aerospace, Automotive, Retail and Others.

MARKET DYNAMICS


Drivers:



  • Increasing demand for digital twins in healthcare and pharmaceutical industries.
  • Predominant use of Industrial IoT for design and manufacturing
  • Growing adoption of digital twin in Supply Chain Management (SCM)
  • Potential reduction of time to market, cost efficient operation and elimination of unplanned downtimes

Restraints



  • Data security due to use of IoT and cloud platforms

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The digital twin technology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the digital twin technology market in these regions.

IMPACT OF COVID-19 ON DIGITAL TWIN TECHNOLOGY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS



The report covers key developments in the digital twin technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from digital twin technology market are anticipated to lucrative growth opportunities in the future with the rising demand for digital twin technology in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the digital twin technology market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • ANSYS, Inc.
  • Bosch Software Innovations GmbH
  • Dassault Systèmes SE (Dassault Group)
  • General Electric
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle
  • Parametric Technology Corporation
  • Siemens AG
  • Tibco Software Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Twin Technology Market - By Application
1.3.2 Digital Twin Technology Market - By End-user
1.3.3 Digital Twin Technology Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DIGITAL TWIN TECHNOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. DIGITAL TWIN TECHNOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. DIGITAL TWIN TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL TWIN TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. DIGITAL TWIN TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DIGITAL TWIN TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. PRODUCT DESIGN AND TESTING
7.3.1. Overview
7.3.2. Product Design and Testing Market Forecast and Analysis
7.4. SMART CONNECTED PRODUCTS
7.4.1. Overview
7.4.2. Smart Connected Products Market Forecast and Analysis
7.5. ROBOTICS
7.5.1. Overview
7.5.2. Robotics Market Forecast and Analysis
7.6. ASSET MANAGEMENT
7.6.1. Overview
7.6.2. Asset Management Market Forecast and Analysis
7.7. CUSTOMER EXPERIENCE
7.7.1. Overview
7.7.2. Customer Experience Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. DIGITAL TWIN TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. MANUFACTURING
8.3.1. Overview
8.3.2. Manufacturing Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. AUTOMOTIVE AND TRANSPORTATION
8.5.1. Overview
8.5.2. Automotive and Transportation Market Forecast and Analysis
8.6. ENERGY AND UTILITIES
8.6.1. Overview
8.6.2. Energy and Utilities Market Forecast and Analysis
8.7. RETAIL
8.7.1. Overview
8.7.2. Retail Market Forecast and Analysis
8.8. LOGISTICS
8.8.1. Overview
8.8.2. Logistics Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis

9. DIGITAL TWIN TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Digital Twin Technology Market Overview
9.1.2 North America Digital Twin Technology Market Forecasts and Analysis
9.1.3 North America Digital Twin Technology Market Forecasts and Analysis - By Application
9.1.4 North America Digital Twin Technology Market Forecasts and Analysis - By End-user
9.1.5 North America Digital Twin Technology Market Forecasts and Analysis - By Countries
9.1.5.1 United States Digital Twin Technology Market
9.1.5.1.1 United States Digital Twin Technology Market by Application
9.1.5.1.2 United States Digital Twin Technology Market by End-user
9.1.5.2 Canada Digital Twin Technology Market
9.1.5.2.1 Canada Digital Twin Technology Market by Application
9.1.5.2.2 Canada Digital Twin Technology Market by End-user
9.1.5.3 Mexico Digital Twin Technology Market
9.1.5.3.1 Mexico Digital Twin Technology Market by Application
9.1.5.3.2 Mexico Digital Twin Technology Market by End-user
9.2. EUROPE
9.2.1 Europe Digital Twin Technology Market Overview
9.2.2 Europe Digital Twin Technology Market Forecasts and Analysis
9.2.3 Europe Digital Twin Technology Market Forecasts and Analysis - By Application
9.2.4 Europe Digital Twin Technology Market Forecasts and Analysis - By End-user
9.2.5 Europe Digital Twin Technology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Digital Twin Technology Market
9.2.5.1.1 Germany Digital Twin Technology Market by Application
9.2.5.1.2 Germany Digital Twin Technology Market by End-user
9.2.5.2 France Digital Twin Technology Market
9.2.5.2.1 France Digital Twin Technology Market by Application
9.2.5.2.2 France Digital Twin Technology Market by End-user
9.2.5.3 Italy Digital Twin Technology Market
9.2.5.3.1 Italy Digital Twin Technology Market by Application
9.2.5.3.2 Italy Digital Twin Technology Market by End-user
9.2.5.4 United Kingdom Digital Twin Technology Market
9.2.5.4.1 United Kingdom Digital Twin Technology Market by Application
9.2.5.4.2 United Kingdom Digital Twin Technology Market by End-user
9.2.5.5 Russia Digital Twin Technology Market
9.2.5.5.1 Russia Digital Twin Technology Market by Application
9.2.5.5.2 Russia Digital Twin Technology Market by End-user
9.2.5.6 Rest of Europe Digital Twin Technology Market
9.2.5.6.1 Rest of Europe Digital Twin Technology Market by Application
9.2.5.6.2 Rest of Europe Digital Twin Technology Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Digital Twin Technology Market Overview
9.3.2 Asia-Pacific Digital Twin Technology Market Forecasts and Analysis
9.3.3 Asia-Pacific Digital Twin Technology Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Digital Twin Technology Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Digital Twin Technology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Digital Twin Technology Market
9.3.5.1.1 Australia Digital Twin Technology Market by Application
9.3.5.1.2 Australia Digital Twin Technology Market by End-user
9.3.5.2 China Digital Twin Technology Market
9.3.5.2.1 China Digital Twin Technology Market by Application
9.3.5.2.2 China Digital Twin Technology Market by End-user
9.3.5.3 India Digital Twin Technology Market
9.3.5.3.1 India Digital Twin Technology Market by Application
9.3.5.3.2 India Digital Twin Technology Market by End-user
9.3.5.4 Japan Digital Twin Technology Market
9.3.5.4.1 Japan Digital Twin Technology Market by Application
9.3.5.4.2 Japan Digital Twin Technology Market by End-user
9.3.5.5 South Korea Digital Twin Technology Market
9.3.5.5.1 South Korea Digital Twin Technology Market by Application
9.3.5.5.2 South Korea Digital Twin Technology Market by End-user
9.3.5.6 Rest of Asia-Pacific Digital Twin Technology Market
9.3.5.6.1 Rest of Asia-Pacific Digital Twin Technology Market by Application
9.3.5.6.2 Rest of Asia-Pacific Digital Twin Technology Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Digital Twin Technology Market Overview
9.4.2 Middle East and Africa Digital Twin Technology Market Forecasts and Analysis
9.4.3 Middle East and Africa Digital Twin Technology Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Digital Twin Technology Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Digital Twin Technology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Digital Twin Technology Market
9.4.5.1.1 South Africa Digital Twin Technology Market by Application
9.4.5.1.2 South Africa Digital Twin Technology Market by End-user
9.4.5.2 Saudi Arabia Digital Twin Technology Market
9.4.5.2.1 Saudi Arabia Digital Twin Technology Market by Application
9.4.5.2.2 Saudi Arabia Digital Twin Technology Market by End-user
9.4.5.3 U.A.E Digital Twin Technology Market
9.4.5.3.1 U.A.E Digital Twin Technology Market by Application
9.4.5.3.2 U.A.E Digital Twin Technology Market by End-user
9.4.5.4 Rest of Middle East and Africa Digital Twin Technology Market
9.4.5.4.1 Rest of Middle East and Africa Digital Twin Technology Market by Application
9.4.5.4.2 Rest of Middle East and Africa Digital Twin Technology Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Digital Twin Technology Market Overview
9.5.2 South and Central America Digital Twin Technology Market Forecasts and Analysis
9.5.3 South and Central America Digital Twin Technology Market Forecasts and Analysis - By Application
9.5.4 South and Central America Digital Twin Technology Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Digital Twin Technology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Digital Twin Technology Market
9.5.5.1.1 Brazil Digital Twin Technology Market by Application
9.5.5.1.2 Brazil Digital Twin Technology Market by End-user
9.5.5.2 Argentina Digital Twin Technology Market
9.5.5.2.1 Argentina Digital Twin Technology Market by Application
9.5.5.2.2 Argentina Digital Twin Technology Market by End-user
9.5.5.3 Rest of South and Central America Digital Twin Technology Market
9.5.5.3.1 Rest of South and Central America Digital Twin Technology Market by Application
9.5.5.3.2 Rest of South and Central America Digital Twin Technology Market by End-user

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. DIGITAL TWIN TECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. ANSYS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSCH SOFTWARE INNOVATIONS GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DASSAULT SYST
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL ELECTRIC COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INTERNATIONAL BUSINESS MACHINES CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MICROSOFT CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORACLE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PTC INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TIBCO SOFTWARE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. ANSYS Inc.
2. Bosch Software Innovations GmbH
3. Dassault Syst
4. General Electric Company
5. International Business Machines Corporation
6. Microsoft Corporation
7. Oracle Corporation
8. PTC Inc.
9. Siemens AG
10. TIBCO Software Inc.
TIPTE100001016
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