Los Angeles, CA -- (SBWIRE) -- 03/21/2019 -- 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 Twin is first used for Aerospace & Defense, but it can be used for Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Other industry. Machine Manufacturing took up about 38.5% of the global total in 2017.

China, Japan, India and S. Korea, etc. are now the key developing market of Digital Twin in the future while they are all just at the beginning of digital twin technology. There are few vendors to have digital twin technology, and the Chinese market is still much smaller than the USA. Chinese AVIC have signed an agreement with French Dassault Systèmes to develop the digital twin in Jun. 2017.

In 2018, the global Digital Twin Technology market size was 1880 million US$ and it is expected to reach 13500 million US$ by the end of 2025, with a CAGR of 32.4% between 2019 and 2025.

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This report studies the Digital Twin Technology market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation

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Segment by Regions
North America
Europe
China
Japan

Segment by Type
Parts Twin
Product Twin
Process Twin
System Twin

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

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