PUBLISHER: Global Insight Services | PRODUCT CODE: 1598572
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598572
The Digital Twin for Urban Planning market is set to expand from $2.5 billion in 2023 to $12.7 billion by 2033, reflecting a CAGR of 17.4%.
The Digital Twin for Urban Planning market encompasses the development and deployment of virtual models that replicate physical urban environments. These sophisticated digital replicas facilitate comprehensive analysis, simulation, and optimization of urban infrastructure and services. By integrating real-time data and advanced analytics, digital twins enable urban planners to improve decision-making, enhance sustainability, and optimize resource allocation, thus fostering smarter and more resilient urban ecosystems.
Digital twin technology in urban planning is advancing rapidly, driven by the need for smart city solutions and efficient infrastructure management. The top-performing segment is the simulation and modeling sub-segment, which enables precise urban development planning and resource allocation. Visualization tools follow closely, enhancing stakeholder engagement and decision-making through immersive experiences. Regionally, North America leads due to significant investments in smart city projects and robust technological infrastructure. Europe ranks as the second-highest performing region, propelled by stringent environmental regulations and the commitment to sustainable urban development. Within countries, the United States stands out, benefiting from government initiatives and private sector collaboration. Germany follows, with its focus on integrating digital twins into urban sustainability frameworks. These trends indicate a promising trajectory for digital twin adoption in urban planning, underscoring the transformative potential of this technology in creating efficient, resilient, and sustainable urban environments.
Key Companies
City Zenith, Virtual City Systems, 51 World, Urbansim, Sweco, Citymapper, Nav Vis, Bentley Systems, Esri, Dassault Systuemes, Hexagon AB, Plexscape, Sim Scale, Space Syntax, Vizzuality, Urban Footprint, Future Insight, Geodesignhub, Teralytics, Replica
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