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Market Research Report
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1009489

Europe Digital Twin Market By Type, By Application, By Industry, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027

Published: | KBV Research | 136 Pages | Delivery time: 1-2 business days

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Europe Digital Twin Market By Type, By Application, By Industry, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
Published: May 31, 2021
KBV Research
Content info: 136 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The Europe Digital Twin Market would witness market growth of 41.1% CAGR during the forecast period (2021-2027).

Businesses all over the world are swiftly transforming due to the increasing adoption of The Internet of Things (IoT). Developers of digital twin platforms are using IoT in order to enhance system productivity, improve operations, and augment sales. The IoT devices are also proliferating and are opening new opportunities for growth for developers. The developers are focused to adopt IoT in developing IoT-enabled digital twin solutions that will help in bolstering their market position. ABB, Siemens AG, AVEVA Group plc, DassaultSystemes, General Electric, and Hexagon AB are some of the market players that have recently included IoT-enabled digital twin solutions in their portfolio.

The concept of digitalization is changing operational activities across the globe. It is positively impacting various spheres of human existence. It is used from houses to personal devices and complex manufacturing as well as industrial processes. The adoption and implementation of digital technologies have been increasing more in developing counties in the past few years. It has been rapidly adopted by various industries and is completely transforming the operational way of the businesses and defines new rules of competitive excellence.

In Europe, the UK seems to adapt, respond, and recover from the COVID-19 pandemic. For this, urgent and sustained action is needed to reignite different layers of society and economy. Though, the absence of consensus around digital twins is likely to create uncertainty in the regional market. The adoption of this technology in the healthcare sector will help in planning better management services for the COVID-19 in hospitals. The full benefits of digital twin technology are yet not established. In West Yorkshire, England, a digital twin of Bradford will support the pandemic recovery and future planning in the city. Smarting the city is a complex process due to the intricacy of a city. The digital twin help in developing a simulated digital counterpart to a physical system. It relates the information throughout the physical life cycle counterpart. It will be easier for state governments to monitor green and red zones using a digital twin. Thus, these solutions proved to be beneficial in designing smart cities effectively.

The Germany market dominated the Europe Digital Twin Process Market by Country 2020, thereby, achieving a market value of $1,161.6 million by 2027. The UK market is showcasing a CAGR of 40.8% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 42.8% during (2021 - 2027).

Based on Type, the market is segmented into System, Process and Product. Based on Application, the market is segmented into Predictive Maintenance & Performance Monitoring, Business Optimization, Inventory Management, Product Design & Development and Others. Based on Industry, the market is segmented into Automotive & Transportation, Residential & Commercial, Healthcare & Life Sciences, Manufacturing, Energy & Power, Agriculture, Retail & Consumer Goods and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., SAP SE, PTC, Inc., General Electric (GE) Co., IBM Corporation, Oracle Corporation, Siemens AG, Robert Bosch GmbH, Microsoft Corporation, and ABB Group.

Scope of the Study

Market Segments covered in the Report:

By Type

  • System
  • Process
  • Product

By Application

  • Predictive Maintenance & Performance Monitoring
  • Business Optimization
  • Inventory Management
  • Product Design & Development
  • Others

By Industry

  • Automotive & Transportation
  • Residential & Commercial
  • Healthcare & Life Sciences
  • Manufacturing
  • Energy & Power
  • Agriculture
  • Retail & Consumer Goods
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Companies Profiled

  • Honeywell International, Inc.
  • SAP SE
  • PTC, Inc.
  • General Electric (GE) Co.
  • IBM Corporation
  • Oracle Corporation
  • Siemens AG
  • Robert Bosch GmbH
  • Microsoft Corporation
  • ABB Group

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Table of Contents

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 Europe Digital Twin Market, by Type
    • 1.4.2 Europe Digital Twin Market, by Application
    • 1.4.3 Europe Digital Twin Market, by Industry
    • 1.4.4 Europe Digital Twin Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market Overview

  • 2.1 Introduction
    • 2.1.1 Overview
    • 2.1.2 Market Composition and Scenario
  • 2.2 Key Factors Impacting the Market
    • 2.2.1 Market Drivers
    • 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

  • 3.1 KBV Cardinal Matrix
  • 3.2 Recent Industry Wide Strategic Developments
    • 3.2.1 Partnerships, Collaborations and Agreements
    • 3.2.2 roduct Launches and Product Expansions
    • 3.2.3 Geographical Expansions
    • 3.2.4 Acquisition and Mergers
  • 3.3 Top Winning Strategies
    • 3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
    • 3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb - 2021, Feb) Leading Players

Chapter 4. Europe Digital Twin Market by Industry

  • 4.1 Europe Automotive & Transportation Digital Twin Market by Country
  • 4.2 Europe Residential & Commercial Digital Twin Market by Country
  • 4.3 Europe Healthcare & Life Sciences Digital Twin Market by Country
  • 4.4 Europe Manufacturing Digital Twin Market by Country
  • 4.5 Europe Energy & Power Digital Twin Market by Country
    • 4.5.1 Europe Agriculture Digital Twin Market by Country
    • 4.5.2 Europe Retail & Consumer Goods Digital Twin Market by Country
    • 4.5.3 Europe Other Industry Digital Twin Market by Country

Chapter 5. Europe Digital Twin Market by Type

  • 5.1 Europe Digital Twin System Market by Country
  • 5.2 Europe Digital Twin Process Market by Country
  • 5.3 Europe Digital Twin Product Market by Country

Chapter 6. Europe Digital Twin Market by Application

  • 6.1 Europe Predictive Maintenance & Performance Monitoring Digital Twin Market by Country
  • 6.2 Europe Business Optimization Digital Twin Market by Country
  • 6.3 Europe Inventory Management Digital Twin Market by Country
  • 6.4 Europe Product Design & Development Digital Twin Market by Country
  • 6.5 Europe Others Digital Twin Market by Country

Chapter 7. Europe Digital Twin Market by Country

  • 7.1 Germany Digital Twin Market
    • 7.1.1 Germany Digital Twin Market by Industry
    • 7.1.2 Germany Digital Twin Market by Type
    • 7.1.3 Germany Digital Twin Market by Application
  • 7.2 UK Digital Twin Market
    • 7.2.1 UK Digital Twin Market by Industry
    • 7.2.2 UK Digital Twin Market by Type
    • 7.2.3 UK Digital Twin Market by Application
  • 7.3 France Digital Twin Market
    • 7.3.1 France Digital Twin Market by Industry
    • 7.3.2 France Digital Twin Market by Type
    • 7.3.3 France Digital Twin Market by Application
  • 7.4 Russia Digital Twin Market
    • 7.4.1 Russia Digital Twin Market by Industry
    • 7.4.2 Russia Digital Twin Market by Type
    • 7.4.3 Russia Digital Twin Market by Application
  • 7.5 Spain Digital Twin Market
    • 7.5.1 Spain Digital Twin Market by Industry
    • 7.5.2 Spain Digital Twin Market by Type
    • 7.5.3 Spain Digital Twin Market by Application
  • 7.6 Italy Digital Twin Market
    • 7.6.1 Italy Digital Twin Market by Industry
    • 7.6.2 Italy Digital Twin Market by Type
    • 7.6.3 Italy Digital Twin Market by Application
  • 7.7 Rest of Europe Digital Twin Market
    • 7.7.1 Rest of Europe Digital Twin Market by Industry
    • 7.7.2 Rest of Europe Digital Twin Market by Type
    • 7.7.3 Rest of Europe Digital Twin Market by Application

Chapter 8. Company Profiles

  • 8.1 Honeywell International, Inc.
    • 8.1.1 Company Overview
    • 8.1.2 Financial Analysis
    • 8.1.3 Regional & Segmental Analysis
    • 8.1.4 Research & Development Expenses
    • 8.1.5 Recent strategies and developments:
      • 8.1.5.1 Partnerships, Collaborations, and Agreements:
    • 8.1.6 SWOT Analysis
  • 8.2 SAP SE
    • 8.2.1 Company Overview
    • 8.2.2 Financial Analysis
    • 8.2.3 Segmental and Regional Analysis
    • 8.2.4 Research & Development Expense
    • 8.2.1 Recent strategies and developments:
      • 8.2.1.1 Partnerships, Collaborations, and Agreements:
    • 8.2.2 SWOT Analysis
  • 8.3 PTC, Inc.
    • 8.3.1 Company Overview
    • 8.3.2 Financial Analysis
    • 8.3.3 Segmental and Regional Analysis
    • 8.3.4 Research & Development Expenses
    • 8.3.5 Recent strategies and developments:
      • 8.3.5.1 Partnerships, Collaborations, and Agreements:
      • 8.3.5.2 Acquisition and Mergers:
      • 8.3.5.3 Product Launches and Product Expansions:
  • 8.4 General Electric (GE) Co.
    • 8.4.1 Company Overview
    • 8.4.2 Financial Analysis
    • 8.4.3 Segmental and Regional Analysis
    • 8.4.4 Research & Development Expense
    • 8.4.5 Recent strategies and developments:
      • 8.4.5.1 Partnerships, Collaborations, and Agreements:
      • 8.4.5.2 Acquisition and Mergers:
    • 8.4.6 SWOT Analysis
  • 8.5 IBM Corporation
    • 8.5.1 Company Overview
    • 8.5.2 Financial Analysis
    • 8.5.3 Regional & Segmental Analysis
    • 8.5.4 Research & Development Expenses
    • 8.5.5 Recent strategies and developments:
      • 8.5.5.1 Partnerships, Collaborations, and Agreements:
    • 8.5.6 SWOT Analysis
  • 8.6 Oracle Corporation
    • 8.6.1 Company Overview
    • 8.6.2 Financial Analysis
    • 8.6.3 Segmental and Regional Analysis
    • 8.6.4 Research & Development Expense
    • 8.6.5 SWOT Analysis
  • 8.7 Siemens AG
    • 8.7.1 Company Overview
    • 8.7.2 Financial Analysis
    • 8.7.3 Segmental and Regional Analysis
    • 8.7.4 Research & Development Expense
    • 8.7.5 Recent strategies and developments:
      • 8.7.5.1 Partnerships, Collaborations, and Agreements:
      • 8.7.5.2 Acquisition and Mergers:
    • 8.7.6 SWOT Analysis
  • 8.8 Robert Bosch GmbH
    • 8.8.1 Company Overview
    • 8.8.2 Financial Analysis
    • 8.8.3 Segmental and Regional Analysis
    • 8.8.4 Research & Development Expense
    • 8.8.5 Recent strategies and developments:
      • 8.8.5.1 Geographical Expansions:
    • 8.8.6 SWOT Analysis
  • 8.9 Microsoft Corporation
    • 8.9.1 Company Overview
    • 8.9.2 Financial Analysis
    • 8.9.3 Segmental and Regional Analysis
    • 8.9.4 Research & Development Expenses
    • 8.9.5 Recent strategies and developments:
      • 8.9.5.1 Partnerships, Collaborations, and Agreements:
      • 8.9.5.2 Product Launches and Product Expansions:
    • 8.9.6 SWOT Analysis
  • 8.10. ABB Group
    • 8.10.1 Company Overview
    • 8.10.2 Financial Analysis
    • 8.10.3 Segmental and Regional Analysis
    • 8.10.4 Research & Development Expense
    • 8.10.5 Recent strategies and developments:
      • 8.10.5.1 Partnerships, Collaborations, and Agreements:
      • 8.10.5.2 Product Launches and Product Expansions:
    • 8.10.6 SWOT Analysis

LIST OF TABLES

  • TABLE 1 Europe Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 2 Europe Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 3 Partnerships, Collaborations and Agreements- Digital Twin Market
  • TABLE 4 Product Launches And Product Expansions- Digital Twin Market
  • TABLE 5 Geographical Expansions- Digital Twin Market
  • TABLE 6 Acquisition and Mergers- Digital Twin Market
  • TABLE 7 Europe Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 8 Europe Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 9 Europe Automotive & Transportation Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 10 Europe Automotive & Transportation Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 11 Europe Residential & Commercial Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 12 Europe Residential & Commercial Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 13 Europe Healthcare & Life Sciences Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 14 Europe Healthcare & Life Sciences Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 15 Europe Manufacturing Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 16 Europe Manufacturing Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 17 Europe Energy & Power Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 18 Europe Energy & Power Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 19 Europe Agriculture Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 20 Europe Agriculture Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 21 Europe Retail & Consumer Goods Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 22 Europe Retail & Consumer Goods Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 23 Europe Other Industry Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 24 Europe Other Industry Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 25 Europe Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 26 Europe Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 27 Europe Digital Twin System Market by Country, 2017 - 2020, USD Million
  • TABLE 28 Europe Digital Twin System Market by Country, 2021 - 2027, USD Million
  • TABLE 29 Europe Digital Twin Process Market by Country, 2017 - 2020, USD Million
  • TABLE 30 Europe Digital Twin Process Market by Country, 2021 - 2027, USD Million
  • TABLE 31 Europe Digital Twin Product Market by Country, 2017 - 2020, USD Million
  • TABLE 32 Europe Digital Twin Product Market by Country, 2021 - 2027, USD Million
  • TABLE 33 Europe Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 34 Europe Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 35 Europe Predictive Maintenance & Performance Monitoring Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 36 Europe Predictive Maintenance & Performance Monitoring Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 37 Europe Business Optimization Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 38 Europe Business Optimization Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 39 Europe Inventory Management Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 40 Europe Inventory Management Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 41 Europe Product Design & Development Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 42 Europe Product Design & Development Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 43 Europe Others Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 44 Europe Others Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 45 Europe Digital Twin Market by Country, 2017 - 2020, USD Million
  • TABLE 46 Europe Digital Twin Market by Country, 2021 - 2027, USD Million
  • TABLE 47 Germany Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 48 Germany Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 49 Germany Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 50 Germany Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 51 Germany Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 52 Germany Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 53 Germany Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 54 Germany Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 55 UK Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 56 UK Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 57 UK Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 58 UK Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 59 UK Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 60 UK Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 61 UK Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 62 UK Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 63 France Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 64 France Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 65 France Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 66 France Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 67 France Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 68 France Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 69 France Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 70 France Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 71 Russia Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 72 Russia Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 73 Russia Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 74 Russia Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 75 Russia Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 76 Russia Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 77 Russia Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 78 Russia Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 79 Spain Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 80 Spain Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 81 Spain Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 82 Spain Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 83 Spain Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 84 Spain Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 85 Spain Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 86 Spain Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 87 Italy Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 88 Italy Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 89 Italy Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 90 Italy Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 91 Italy Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 92 Italy Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 93 Italy Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 94 Italy Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 95 Rest of Europe Digital Twin Market, 2017 - 2020, USD Million
  • TABLE 96 Rest of Europe Digital Twin Market, 2021 - 2027, USD Million
  • TABLE 97 Rest of Europe Digital Twin Market by Industry, 2017 - 2020, USD Million
  • TABLE 98 Rest of Europe Digital Twin Market by Industry, 2021 - 2027, USD Million
  • TABLE 99 Rest of Europe Digital Twin Market by Type, 2017 - 2020, USD Million
  • TABLE 100 Rest of Europe Digital Twin Market by Type, 2021 - 2027, USD Million
  • TABLE 101 Rest of Europe Digital Twin Market by Application, 2017 - 2020, USD Million
  • TABLE 102 Rest of Europe Digital Twin Market by Application, 2021 - 2027, USD Million
  • TABLE 103 Key information - Honeywell International, Inc.
  • TABLE 104 Key Information - SAP SE
  • TABLE 105 key Information - PTC, Inc.
  • TABLE 106 Key Information - General Electric (GE) Co.
  • TABLE 107 Key information - IBM Corporation
  • TABLE 108 Key Information - Oracle Corporation
  • TABLE 109 Key Information - Siemens AG
  • TABLE 110 key information - Robert Bosch GmbH
  • TABLE 111 key information - Microsoft Corporation
  • TABLE 112 Key Information - ABB Group

List of Figures

  • FIG 1 Methodology for the research
  • FIG 2 KBV Cardinal Matrix
  • FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
  • FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb - 2021, Feb) Leading Players
  • FIG 5 Swot analysis: Honeywell international, inc.
  • FIG 6 SWOT Analysis: SAP SE
  • FIG 7 Recent strategies and developments: PTC, Inc.
  • FIG 8 Recent strategies and developments: General Electric (GE) Co.
  • FIG 9 Swot analysis: General electric (GE) Co.
  • FIG 10 Swot analysis: IBM Corporation
  • FIG 11 SWOT analysis: Oracle Corporation
  • FIG 12 Recent strategies and developments: Siemens AG
  • FIG 13 Swot analysis: Siemens AG
  • FIG 14 Swot analysis: Robert bosch gmbh
  • FIG 15 Recent strategies and developments: Microsoft Corporation
  • FIG 16 SWOT Analysis: Microsoft Corporation
  • FIG 17 Recent strategies and developments: ABB Group
  • FIG 18 SWOT Analysis: ABB Group