Global Digital Twin Supply, Demand and Key Producers, 2024-2030

Description

The global Digital Twin market size is expected to reach $ 4052.3 million by 2030, rising at a market growth of 12.1% CAGR during the forecast period (2024-2030).

Global digital twin key players include General Electric, PTC, Siemens etc. Global top 5 manufacturers hold a share about 65%. 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.

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.

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.

This report studies the global Digital Twin demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Digital Twin, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Digital Twin that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Digital Twin total market, 2019-2030, (USD Million)
Global Digital Twin total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Digital Twin total market, key domestic companies and share, (USD Million)
Global Digital Twin revenue by player and market share 2019-2024, (USD Million)
Global Digital Twin total market by Type, CAGR, 2019-2030, (USD Million)
Global Digital Twin total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Digital Twin market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Digital Twin market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Digital Twin Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Digital Twin Market, Segmentation by Type
    System Twin
    Process Twin
    Asset Twin

Global Digital Twin Market, Segmentation by Application
    Aerospace and Defense
    Automotive and Transportation
    Machine Manufacturing
    Energy and Utilities
    Others

Companies Profiled:
    General Electric
    PTC
    Siemens
    Dassault Systèmes
    IBM Corporation
    ANSYS
    Microsoft Corporation
    Oracle Corporation
    Accenture (Mackevision)
    SAP
    AVEVA Group

Key Questions Answered
1. How big is the global Digital Twin market?
2. What is the demand of the global Digital Twin market?
3. What is the year over year growth of the global Digital Twin market?
4. What is the total value of the global Digital Twin market?
5. Who are the major players in the global Digital Twin market?

Table of Contents

1 Supply Summary
    1.1 Digital Twin Introduction
    1.2 World Digital Twin Market Size & Forecast (2019 & 2023 & 2030)
    1.3 World Digital Twin Total Market by Region (by Headquarter Location)
        1.3.1 World Digital Twin Market Size by Region (2019-2030), (by Headquarter Location)
        1.3.2 United States Digital Twin Market Size (2019-2030)
        1.3.3 China Digital Twin Market Size (2019-2030)
        1.3.4 Europe Digital Twin Market Size (2019-2030)
        1.3.5 Japan Digital Twin Market Size (2019-2030)
        1.3.6 South Korea Digital Twin Market Size (2019-2030)
        1.3.7 ASEAN Digital Twin Market Size (2019-2030)
        1.3.8 India Digital Twin Market Size (2019-2030)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Digital Twin Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Digital Twin Major Market Trends

2 Demand Summary
    2.1 World Digital Twin Consumption Value (2019-2030)
    2.2 World Digital Twin Consumption Value by Region
        2.2.1 World Digital Twin Consumption Value by Region (2019-2024)
        2.2.2 World Digital Twin Consumption Value Forecast by Region (2025-2030)
    2.3 United States Digital Twin Consumption Value (2019-2030)
    2.4 China Digital Twin Consumption Value (2019-2030)
    2.5 Europe Digital Twin Consumption Value (2019-2030)
    2.6 Japan Digital Twin Consumption Value (2019-2030)
    2.7 South Korea Digital Twin Consumption Value (2019-2030)
    2.8 ASEAN Digital Twin Consumption Value (2019-2030)
    2.9 India Digital Twin Consumption Value (2019-2030)

3 World Digital Twin Companies Competitive Analysis
    3.1 World Digital Twin Revenue by Player (2019-2024)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Digital Twin Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Digital Twin in 2023
        3.2.3 Global Concentration Ratios (CR8) for Digital Twin in 2023
    3.3 Digital Twin Company Evaluation Quadrant
    3.4 Digital Twin Market: Overall Company Footprint Analysis
        3.4.1 Digital Twin Market: Region Footprint
        3.4.2 Digital Twin Market: Company Product Type Footprint
        3.4.3 Digital Twin Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Digital Twin Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Digital Twin Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
        4.1.2 United States VS China: Digital Twin Revenue Market Share Comparison (2019 & 2023 & 2030)
    4.2 United States Based Companies VS China Based Companies: Digital Twin Consumption Value Comparison
        4.2.1 United States VS China: Digital Twin Consumption Value Comparison (2019 & 2023 & 2030)
        4.2.2 United States VS China: Digital Twin Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    4.3 United States Based Digital Twin Companies and Market Share, 2019-2024
        4.3.1 United States Based Digital Twin Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Digital Twin Revenue, (2019-2024)
    4.4 China Based Companies Digital Twin Revenue and Market Share, 2019-2024
        4.4.1 China Based Digital Twin Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Digital Twin Revenue, (2019-2024)
    4.5 Rest of World Based Digital Twin Companies and Market Share, 2019-2024
        4.5.1 Rest of World Based Digital Twin Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Digital Twin Revenue, (2019-2024)

5 Market Analysis by Type
    5.1 World Digital Twin Market Size Overview by Type: 2019 VS 2023 VS 2030
    5.2 Segment Introduction by Type
        5.2.1 System Twin
        5.2.2 Process Twin
        5.2.3 Asset Twin
    5.3 Market Segment by Type
        5.3.1 World Digital Twin Market Size by Type (2019-2024)
        5.3.2 World Digital Twin Market Size by Type (2025-2030)
        5.3.3 World Digital Twin Market Size Market Share by Type (2019-2030)

6 Market Analysis by Application
    6.1 World Digital Twin Market Size Overview by Application: 2019 VS 2023 VS 2030
    6.2 Segment Introduction by Application
        6.2.1 Aerospace and Defense
        6.2.2 Automotive and Transportation
        6.2.3 Machine Manufacturing
        6.2.4 Energy and Utilities
        6.2.5 Energy and Utilities
    6.3 Market Segment by Application
        6.3.1 World Digital Twin Market Size by Application (2019-2024)
        6.3.2 World Digital Twin Market Size by Application (2025-2030)
        6.3.3 World Digital Twin Market Size by Application (2019-2030)

7 Company Profiles
    7.1 General Electric
        7.1.1 General Electric Details
        7.1.2 General Electric Major Business
        7.1.3 General Electric Digital Twin Product and Services
        7.1.4 General Electric Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.1.5 General Electric Recent Developments/Updates
        7.1.6 General Electric Competitive Strengths & Weaknesses
    7.2 PTC
        7.2.1 PTC Details
        7.2.2 PTC Major Business
        7.2.3 PTC Digital Twin Product and Services
        7.2.4 PTC Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.2.5 PTC Recent Developments/Updates
        7.2.6 PTC Competitive Strengths & Weaknesses
    7.3 Siemens
        7.3.1 Siemens Details
        7.3.2 Siemens Major Business
        7.3.3 Siemens Digital Twin Product and Services
        7.3.4 Siemens Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.3.5 Siemens Recent Developments/Updates
        7.3.6 Siemens Competitive Strengths & Weaknesses
    7.4 Dassault Systèmes
        7.4.1 Dassault Systèmes Details
        7.4.2 Dassault Systèmes Major Business
        7.4.3 Dassault Systèmes Digital Twin Product and Services
        7.4.4 Dassault Systèmes Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.4.5 Dassault Systèmes Recent Developments/Updates
        7.4.6 Dassault Systèmes Competitive Strengths & Weaknesses
    7.5 IBM Corporation
        7.5.1 IBM Corporation Details
        7.5.2 IBM Corporation Major Business
        7.5.3 IBM Corporation Digital Twin Product and Services
        7.5.4 IBM Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.5.5 IBM Corporation Recent Developments/Updates
        7.5.6 IBM Corporation Competitive Strengths & Weaknesses
    7.6 ANSYS
        7.6.1 ANSYS Details
        7.6.2 ANSYS Major Business
        7.6.3 ANSYS Digital Twin Product and Services
        7.6.4 ANSYS Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.6.5 ANSYS Recent Developments/Updates
        7.6.6 ANSYS Competitive Strengths & Weaknesses
    7.7 Microsoft Corporation
        7.7.1 Microsoft Corporation Details
        7.7.2 Microsoft Corporation Major Business
        7.7.3 Microsoft Corporation Digital Twin Product and Services
        7.7.4 Microsoft Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.7.5 Microsoft Corporation Recent Developments/Updates
        7.7.6 Microsoft Corporation Competitive Strengths & Weaknesses
    7.8 Oracle Corporation
        7.8.1 Oracle Corporation Details
        7.8.2 Oracle Corporation Major Business
        7.8.3 Oracle Corporation Digital Twin Product and Services
        7.8.4 Oracle Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.8.5 Oracle Corporation Recent Developments/Updates
        7.8.6 Oracle Corporation Competitive Strengths & Weaknesses
    7.9 Accenture (Mackevision)
        7.9.1 Accenture (Mackevision) Details
        7.9.2 Accenture (Mackevision) Major Business
        7.9.3 Accenture (Mackevision) Digital Twin Product and Services
        7.9.4 Accenture (Mackevision) Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.9.5 Accenture (Mackevision) Recent Developments/Updates
        7.9.6 Accenture (Mackevision) Competitive Strengths & Weaknesses
    7.10 SAP
        7.10.1 SAP Details
        7.10.2 SAP Major Business
        7.10.3 SAP Digital Twin Product and Services
        7.10.4 SAP Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.10.5 SAP Recent Developments/Updates
        7.10.6 SAP Competitive Strengths & Weaknesses
    7.11 AVEVA Group
        7.11.1 AVEVA Group Details
        7.11.2 AVEVA Group Major Business
        7.11.3 AVEVA Group Digital Twin Product and Services
        7.11.4 AVEVA Group Digital Twin Revenue, Gross Margin and Market Share (2019-2024)
        7.11.5 AVEVA Group Recent Developments/Updates
        7.11.6 AVEVA Group Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Digital Twin Industry Chain
    8.2 Digital Twin Upstream Analysis
    8.3 Digital Twin Midstream Analysis
    8.4 Digital Twin Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Digital Twin Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
    Table 2. World Digital Twin Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
    Table 3. World Digital Twin Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
    Table 4. World Digital Twin Revenue Market Share by Region (2019-2024), (by Headquarter Location)
    Table 5. World Digital Twin Revenue Market Share by Region (2025-2030), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Digital Twin Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
    Table 8. World Digital Twin Consumption Value by Region (2019-2024) & (USD Million)
    Table 9. World Digital Twin Consumption Value Forecast by Region (2025-2030) & (USD Million)
    Table 10. World Digital Twin Revenue by Player (2019-2024) & (USD Million)
    Table 11. Revenue Market Share of Key Digital Twin Players in 2023
    Table 12. World Digital Twin Industry Rank of Major Player, Based on Revenue in 2023
    Table 13. Global Digital Twin Company Evaluation Quadrant
    Table 14. Head Office of Key Digital Twin Player
    Table 15. Digital Twin Market: Company Product Type Footprint
    Table 16. Digital Twin Market: Company Product Application Footprint
    Table 17. Digital Twin Mergers & Acquisitions Activity
    Table 18. United States VS China Digital Twin Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 19. United States VS China Digital Twin Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
    Table 20. United States Based Digital Twin Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Digital Twin Revenue, (2019-2024) & (USD Million)
    Table 22. United States Based Companies Digital Twin Revenue Market Share (2019-2024)
    Table 23. China Based Digital Twin Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Digital Twin Revenue, (2019-2024) & (USD Million)
    Table 25. China Based Companies Digital Twin Revenue Market Share (2019-2024)
    Table 26. Rest of World Based Digital Twin Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Digital Twin Revenue, (2019-2024) & (USD Million)
    Table 28. Rest of World Based Companies Digital Twin Revenue Market Share (2019-2024)
    Table 29. World Digital Twin Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Table 30. World Digital Twin Market Size by Type (2019-2024) & (USD Million)
    Table 31. World Digital Twin Market Size by Type (2025-2030) & (USD Million)
    Table 32. World Digital Twin Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Table 33. World Digital Twin Market Size by Application (2019-2024) & (USD Million)
    Table 34. World Digital Twin Market Size by Application (2025-2030) & (USD Million)
    Table 35. General Electric Basic Information, Area Served and Competitors
    Table 36. General Electric Major Business
    Table 37. General Electric Digital Twin Product and Services
    Table 38. General Electric Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 39. General Electric Recent Developments/Updates
    Table 40. General Electric Competitive Strengths & Weaknesses
    Table 41. PTC Basic Information, Area Served and Competitors
    Table 42. PTC Major Business
    Table 43. PTC Digital Twin Product and Services
    Table 44. PTC Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 45. PTC Recent Developments/Updates
    Table 46. PTC Competitive Strengths & Weaknesses
    Table 47. Siemens Basic Information, Area Served and Competitors
    Table 48. Siemens Major Business
    Table 49. Siemens Digital Twin Product and Services
    Table 50. Siemens Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 51. Siemens Recent Developments/Updates
    Table 52. Siemens Competitive Strengths & Weaknesses
    Table 53. Dassault Systèmes Basic Information, Area Served and Competitors
    Table 54. Dassault Systèmes Major Business
    Table 55. Dassault Systèmes Digital Twin Product and Services
    Table 56. Dassault Systèmes Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 57. Dassault Systèmes Recent Developments/Updates
    Table 58. Dassault Systèmes Competitive Strengths & Weaknesses
    Table 59. IBM Corporation Basic Information, Area Served and Competitors
    Table 60. IBM Corporation Major Business
    Table 61. IBM Corporation Digital Twin Product and Services
    Table 62. IBM Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 63. IBM Corporation Recent Developments/Updates
    Table 64. IBM Corporation Competitive Strengths & Weaknesses
    Table 65. ANSYS Basic Information, Area Served and Competitors
    Table 66. ANSYS Major Business
    Table 67. ANSYS Digital Twin Product and Services
    Table 68. ANSYS Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 69. ANSYS Recent Developments/Updates
    Table 70. ANSYS Competitive Strengths & Weaknesses
    Table 71. Microsoft Corporation Basic Information, Area Served and Competitors
    Table 72. Microsoft Corporation Major Business
    Table 73. Microsoft Corporation Digital Twin Product and Services
    Table 74. Microsoft Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 75. Microsoft Corporation Recent Developments/Updates
    Table 76. Microsoft Corporation Competitive Strengths & Weaknesses
    Table 77. Oracle Corporation Basic Information, Area Served and Competitors
    Table 78. Oracle Corporation Major Business
    Table 79. Oracle Corporation Digital Twin Product and Services
    Table 80. Oracle Corporation Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 81. Oracle Corporation Recent Developments/Updates
    Table 82. Oracle Corporation Competitive Strengths & Weaknesses
    Table 83. Accenture (Mackevision) Basic Information, Area Served and Competitors
    Table 84. Accenture (Mackevision) Major Business
    Table 85. Accenture (Mackevision) Digital Twin Product and Services
    Table 86. Accenture (Mackevision) Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 87. Accenture (Mackevision) Recent Developments/Updates
    Table 88. Accenture (Mackevision) Competitive Strengths & Weaknesses
    Table 89. SAP Basic Information, Area Served and Competitors
    Table 90. SAP Major Business
    Table 91. SAP Digital Twin Product and Services
    Table 92. SAP Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 93. SAP Recent Developments/Updates
    Table 94. AVEVA Group Basic Information, Area Served and Competitors
    Table 95. AVEVA Group Major Business
    Table 96. AVEVA Group Digital Twin Product and Services
    Table 97. AVEVA Group Digital Twin Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
    Table 98. Global Key Players of Digital Twin Upstream (Raw Materials)
    Table 99. Digital Twin Typical Customers
List of Figure
    Figure 1. Digital Twin Picture
    Figure 2. World Digital Twin Total Market Size: 2019 & 2023 & 2030, (USD Million)
    Figure 3. World Digital Twin Total Market Size (2019-2030) & (USD Million)
    Figure 4. World Digital Twin Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
    Figure 5. World Digital Twin Revenue Market Share by Region (2019-2030), (by Headquarter Location)
    Figure 6. United States Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 7. China Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 8. Europe Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 9. Japan Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 10. South Korea Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 11. ASEAN Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 12. India Based Company Digital Twin Revenue (2019-2030) & (USD Million)
    Figure 13. Digital Twin Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 16. World Digital Twin Consumption Value Market Share by Region (2019-2030)
    Figure 17. United States Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 18. China Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 19. Europe Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 20. Japan Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 21. South Korea Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 22. ASEAN Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 23. India Digital Twin Consumption Value (2019-2030) & (USD Million)
    Figure 24. Producer Shipments of Digital Twin by Player Revenue ($MM) and Market Share (%): 2023
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Digital Twin Markets in 2023
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Digital Twin Markets in 2023
    Figure 27. United States VS China: Digital Twin Revenue Market Share Comparison (2019 & 2023 & 2030)
    Figure 28. United States VS China: Digital Twin Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    Figure 29. World Digital Twin Market Size by Type, (USD Million), 2019 & 2023 & 2030
    Figure 30. World Digital Twin Market Size Market Share by Type in 2023
    Figure 31. System Twin
    Figure 32. Process Twin
    Figure 33. Asset Twin
    Figure 34. World Digital Twin Market Size Market Share by Type (2019-2030)
    Figure 35. World Digital Twin Market Size by Application, (USD Million), 2019 & 2023 & 2030
    Figure 36. World Digital Twin Market Size Market Share by Application in 2023
    Figure 37. Aerospace and Defense
    Figure 38. Automotive and Transportation
    Figure 39. Machine Manufacturing
    Figure 40. Energy and Utilities
    Figure 41. Others
    Figure 42. Digital Twin Industrial Chain
    Figure 43. Methodology
    Figure 44. Research Process and Data Source

Companies Mentioned

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