Global Digital Twin Market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. “Digital Twin” could be defined as a near-real-time digital image relating to the historical and present behavior of a physical object or process that assists in optimizing the performance of the business.
The factors that propel the growth of the Digital Twin Market include increasing use of industrial internet of things, digitization of records, optimized products, abolishment of obsolete technology, and introduction of smart technology. However, the factors that are hampering the market growth include increase in number of cyber-attacks, and less awareness regarding digital technology in rural areas.
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Digital Twin Market is categorized based on applications, end user, and geography. Digital Twin Market is categorized based on applications as Product Design, Manufacturing Process Planning, and Others. The “Product Design” segment led the Digital Twin Market in 2016 and is anticipated to maintain its dominance by 2018. Digital Twin Market is categorized based on end user as Electronics & Electricals/Machine Manufacturing, Automotive & Transportation, Aerospace & Defense, Home & Commercial, Healthcare, Energy & Utilities, Retail & Consumer Goods.
The “Electronics and Electrical/machine” segment led the Market in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing requirement of digitalization for the manufacturing and designing procedure of electronic equipment such as home electronic equipment, computers, industrial equipment, printers, motors, generators, and transformers, along with the after-sale facilities; which usually lead to a substantial development in the profits streams. Furthermore, the acceptance of digital twins significantly decreases the product growth cost and time for these businesses.
Digital Twin Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. APAC accounted for the major share of the Market and will continue to lead in the forecast period. The factors that can be accredited to the growth includes surge in growth of several businesses that has led to development in the acceptance of digital twin systems for digitalization of numerous end user industries existing in emerging nations such as Japan, India, and China.
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The key players contributing in the robust growth of the Digital Twin Market are comprised as PTC, General Electric, Siemens AG, Alphabet Inc., SAP SE, Dell, Cisco Systems, Inc., CSC, AT&T and Bosch Software Innovations GmBH. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Table of Contents
Global Digital Twin Market Professional Survey Report 2017
1 Industry Overview of Digital Twin
1.1 Definition and Specifications of Digital Twin
1.1.1 Definition of Digital Twin
1.1.2 Specifications of Digital Twin
1.2 Classification of Digital Twin
1.2.1 Hardware
1.2.2 Software
1.3 Applications of Digital Twin
1.3.1 Aerospace & Defense
1.3.2 Automotive & Transportation
1.3.3 Home & Commercial
1.3.4 Electronics & Electricals
1.3.5 Energy & Utilities
1.3.6 Healthcare
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
2 Manufacturing Cost Structure Analysis of Digital Twin
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Digital Twin
2.3 Manufacturing Process Analysis of Digital Twin
2.4 Industry Chain Structure of Digital Twin
3 Technical Data and Manufacturing Plants Analysis of Digital Twin
3.1 Capacity and Commercial Production Date of Global Digital Twin Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Digital Twin Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Digital Twin Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Digital Twin Major Manufacturers in 2016
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The factors that propel the growth of the Digital Twin Market include increasing use of industrial internet of things, digitization of records, optimized products, abolishment of obsolete technology, and introduction of smart technology. However, the factors that are hampering the market growth include increase in number of cyber-attacks, and less awareness regarding digital technology in rural areas.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-digital-twin-market-professional-survey-report-2018/request-sample
Digital Twin Market is categorized based on applications, end user, and geography. Digital Twin Market is categorized based on applications as Product Design, Manufacturing Process Planning, and Others. The “Product Design” segment led the Digital Twin Market in 2016 and is anticipated to maintain its dominance by 2018. Digital Twin Market is categorized based on end user as Electronics & Electricals/Machine Manufacturing, Automotive & Transportation, Aerospace & Defense, Home & Commercial, Healthcare, Energy & Utilities, Retail & Consumer Goods.
The “Electronics and Electrical/machine” segment led the Market in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing requirement of digitalization for the manufacturing and designing procedure of electronic equipment such as home electronic equipment, computers, industrial equipment, printers, motors, generators, and transformers, along with the after-sale facilities; which usually lead to a substantial development in the profits streams. Furthermore, the acceptance of digital twins significantly decreases the product growth cost and time for these businesses.
Digital Twin Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. APAC accounted for the major share of the Market and will continue to lead in the forecast period. The factors that can be accredited to the growth includes surge in growth of several businesses that has led to development in the acceptance of digital twin systems for digitalization of numerous end user industries existing in emerging nations such as Japan, India, and China.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-digital-twin-market-professional-survey-report-2018
The key players contributing in the robust growth of the Digital Twin Market are comprised as PTC, General Electric, Siemens AG, Alphabet Inc., SAP SE, Dell, Cisco Systems, Inc., CSC, AT&T and Bosch Software Innovations GmBH. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Table of Contents
Global Digital Twin Market Professional Survey Report 2017
1 Industry Overview of Digital Twin
1.1 Definition and Specifications of Digital Twin
1.1.1 Definition of Digital Twin
1.1.2 Specifications of Digital Twin
1.2 Classification of Digital Twin
1.2.1 Hardware
1.2.2 Software
1.3 Applications of Digital Twin
1.3.1 Aerospace & Defense
1.3.2 Automotive & Transportation
1.3.3 Home & Commercial
1.3.4 Electronics & Electricals
1.3.5 Energy & Utilities
1.3.6 Healthcare
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
2 Manufacturing Cost Structure Analysis of Digital Twin
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Digital Twin
2.3 Manufacturing Process Analysis of Digital Twin
2.4 Industry Chain Structure of Digital Twin
3 Technical Data and Manufacturing Plants Analysis of Digital Twin
3.1 Capacity and Commercial Production Date of Global Digital Twin Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Digital Twin Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Digital Twin Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Digital Twin Major Manufacturers in 2016
Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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