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Market Research Report

United States Digital Twin Market Forecast 2021-2026

Published by Inkwood Research Product code 1018671
Published Content info 144 Pages
Delivery time: 2-3 business days
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United States Digital Twin Market Forecast 2021-2026
Published: July 19, 2021 Content info: 144 Pages
Description

KEY FINDINGS

The United States digital twin market is projected to register a CAGR of 33.66% over the forecasting years. The country's market growth is primarily ascribed to the rising use of digital twin as an adhesive, technological advancements, and the surging demand across sectors such as manufacturing, aviation, and automotive. The base year considered for the studied market is 2020 and the forecasting period is from 2021 to 2026.

MARKET INSIGHTS

With one of the largest automotive industries worldwide, the United States light vehicle sales reached 12.2 million units in 2018. Overall, the country is the second-largest market for vehicle production and sales, in addition to the automotive sector being at the forefront of innovation. Furthermore, new research and development initiatives continue to transform the market to better respond to available opportunities. As per the Auto Alliance, out of the $105 billion spent on research and development across the globe, nearly $18 billion is spent on the United States.

Conversely, in 2018, the United States exported over 1.8 million new light vehicles as well as 131,200 medium and heavy trucks to more than 200 markets across the world. Besides, additional exports of automotive parts were valued at $88.5 billion. With an open investment policy, a highly skilled workforce, a large consumer market, and state and local government incentives, the United States is a premium market for the 21st-century automotive industry. Therefore, the abovementioned factors are set to play an important role in augmenting the country's digital twin market growth.

COMPETITIVE INSIGHTS

Some of the key companies operating in the market are: IBM Corporation, Microsoft Corporation, Cisco Systems Inc, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 38502

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. COUNTRY SNAPSHOT
  • 2.3. COUNTRY ANALYSIS
  • 2.4. KEY GROWTH ENABLERS
  • 2.5. KEY CHALLENGES

3. KEY ANALYTICS

  • 3.1. IMPACT OF COVID-19 ON DIGITAL TWIN MARKET
  • 3.2. KEY MARKET TRENDS
  • 3.3. PORTER'S FIVE FORCES ANALYSIS
    • 3.3.1. BUYERS POWER
    • 3.3.2. SUPPLIERS POWER
    • 3.3.3. SUBSTITUTION
    • 3.3.4. NEW ENTRANTS
    • 3.3.5. INDUSTRY RIVALRY
  • 3.4. OPPORTUNITY MATRIX
  • 3.5. VENDOR LANDSCAPE

4. MARKET BY APPLICATION

  • 4.1. MANUFACTURING PROCESS PLANNING
  • 4.2. PRODUCT DESIGN
  • 4.3. OTHER APPLICATIONS

5. MARKET BY INDUSTRY

  • 5.1. MANUFACTURING
  • 5.2. AUTOMOTIVE
  • 5.3. AVIATION
  • 5.4. ENERGY AND UTILITIES
  • 5.5. HEALTHCARE
  • 5.6. LOGISTICS AND RETAIL
  • 5.7. OTHER INDUSTRIES

6. MARKET BY PRODUCT

  • 6.1. DIGITAL TWIN PLATFORM
  • 6.2. HARDWARE
  • 6.3. SUPPORT SERVICES

7. MARKET BY TYPE

  • 7.1. ASSET DIGITAL TWIN
  • 7.2. PROCESS DIGITAL TWIN
  • 7.3. SYSTEM DIGITAL TWIN

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
    • 8.1.4. BUSINESS EXPANSIONS
  • 8.2. KEY STRATEGIC DEVELOPMENTS
    • 8.2.1. ABB LTD
    • 8.2.2. ACCENTURE
    • 8.2.3. ALPHABET INC (GOOGLE)
    • 8.2.4. AMAZON WEB SERVICES INC
    • 8.2.5. CAPGEMINI
    • 8.2.6. CISCO SYSTEMS INC
    • 8.2.7. GENERAL ELECTRIC COMPANY
    • 8.2.8. HONEYWELL INTERNATIONAL
    • 8.2.9. IBM CORPORATION
    • 8.2.10. MICROSOFT CORPORATION
    • 8.2.11. PTC INC
    • 8.2.12. SAP SE
    • 8.2.13. SIEMENS AG
    • 8.2.14. WIPRO LIMITED

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - DIGITAL TWIN
  • TABLE 2: UNITED STATES DIGITAL TWIN MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 3: UNITED STATES DIGITAL TWIN MARKET, BY INDUSTRY, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 4: UNITED STATES DIGITAL TWIN MARKET, BY PRODUCT, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 5: UNITED STATES DIGITAL TWIN MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: UNITED STATES DIGITAL TWIN MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
  • FIGURE 6: UNITED STATES DIGITAL TWIN MARKET, BY MANUFACTURING PROCESS PLANNING, 2021-2026 (IN $ MILLION)
  • FIGURE 7: UNITED STATES DIGITAL TWIN MARKET, BY PRODUCT DESIGN, 2021-2026 (IN $ MILLION)
  • FIGURE 8: UNITED STATES DIGITAL TWIN MARKET, BY OTHER APPLICATIONS, 2021-2026 (IN $ MILLION)
  • FIGURE 9: UNITED STATES DIGITAL TWIN MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2020
  • FIGURE 10: UNITED STATES DIGITAL TWIN MARKET, BY MANUFACTURING, 2021-2026 (IN $ MILLION)
  • FIGURE 11: UNITED STATES DIGITAL TWIN MARKET, BY AUTOMOTIVE, 2021-2026 (IN $ MILLION)
  • FIGURE 12: UNITED STATES DIGITAL TWIN MARKET, BY AVIATION, 2021-2026 (IN $ MILLION)
  • FIGURE 13: UNITED STATES DIGITAL TWIN MARKET, BY ENERGY AND UTILITIES, 2021-2026 (IN $ MILLION)
  • FIGURE 14: UNITED STATES DIGITAL TWIN MARKET, BY HEALTHCARE, 2021-2026 (IN $ MILLION)
  • FIGURE 15: UNITED STATES DIGITAL TWIN MARKET, BY LOGISTICS AND RETAIL, 2021-2026 (IN $ MILLION)
  • FIGURE 16: UNITED STATES OTHER INDUSTRIES MARKET, BY LOGISTICS AND RETAIL, 2021-2026 (IN $ MILLION)
  • FIGURE 17: UNITED STATES DIGITAL TWIN MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020
  • FIGURE 18: UNITED STATES DIGITAL TWIN MARKET, BY DIGITAL TWIN PLATFORM, 2021-2026 (IN $ MILLION)
  • FIGURE 19: UNITED STATES DIGITAL TWIN MARKET, BY HARDWARE, 2021-2026 (IN $ MILLION)
  • FIGURE 20: UNITED STATES DIGITAL TWIN MARKET, BY SUPPORT SERVICES, 2021-2026 (IN $ MILLION)
  • FIGURE 21: UNITED STATES DIGITAL TWIN MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 22: UNITED STATES DIGITAL TWIN MARKET, BY ASSET DIGITAL TWIN, 2021-2026 (IN $ MILLION)
  • FIGURE 23: UNITED STATES DIGITAL TWIN MARKET, BY PROCESS DIGITAL TWIN, 2021-2026 (IN $ MILLION)
  • FIGURE 24: UNITED STATES DIGITAL TWIN MARKET, BY SYSTEM DIGITAL TWIN, 2021-2026 (IN $ MILLION)
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