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PUBLISHER: KBV Research | PRODUCT CODE: 1462041
PUBLISHER: KBV Research | PRODUCT CODE: 1462041
Europe Digital Twin Market Size, Share & Trends Analysis Report By Type (System, Process and Product), By Application, By Industry, By Country and Growth Forecast, 2023 - 2030
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The Europe Digital Twin Market would witness market growth of 40.8% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Digital Twin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,460.1 million by 2030. The UK market is registering a CAGR of 39.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 41.9% during (2023 - 2030).
By allowing medical professionals to simulate and forecast the impacts of various treatments, digital twins are instrumental in enhancing patient outcomes. For example, in cancer treatment, it can simulate the growth and spread of tumors to help oncologists determine the most effective treatment plan for each patient. This individualized treatment approach may result in improved patient outcomes and fewer adverse effects.
In addition to improving patient care, digital twins accelerate drug discovery and development processes in the life sciences industry. Researchers can simulate and test new drug candidates more efficiently by creating virtual models of biological processes and drug interactions. This reduces the time and expense associated with bringing new drugs to market and expedites the identification of potential drug candidates.
Finland stands out in Europe for its advanced use of IT systems in healthcare, ranking 5th in the EU for the deployment of Health IT. The widespread use of ePrescription and eArchive services through the Finnish Electronic Patient Record system (KanTa) demonstrates the country's commitment to leveraging technology to enhance patient care and streamline healthcare processes. Similarly, Sweden has developed a comprehensive e-health strategy, with significant investments in healthcare IT. The integration of electronic health record solutions (EHRs) and the popularity of e-prescriptions highlight Sweden's commitment to digital healthcare solutions. Consequently, the aforementioned factors showcase the increasing demand for digital twin technology in Europe's pharmaceutical and healthcare/life sciences sectors.
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, Energy & Utilities, Residential & Commercial, Healthcare & Lifesciences, Agriculture, Manufacturing, Retail & Consumer Goods, Aerospace, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Honeywell International, Inc.
- SAP SE
- PTC, Inc.
- General Electric Company
- IBM Corporation
- Oracle Corporation
- Siemens AG
- Robert Bosch GmbH
- Microsoft Corporation
- ABB Group
Europe Digital Twin Market Report Segmentation
By Type
- System
- Process
- Product
By Application
- Predictive Maintenance & Performance Monitoring
- Business Optimization
- Inventory Management
- Product Design & Development
- Others
By Industry
- Automotive & Transportation
- Energy & Utilities
- Residential & Commercial
- Healthcare & Lifesciences
- Agriculture
- Manufacturing
- Retail & Consumer Goods
- Aerospace
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Europe Digital Twin Market, by Type
- 1.4.2Europe Digital Twin Market, by Application
- 1.4.3Europe Digital Twin Market, by Industry
- 1.4.4Europe Digital Twin Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.2.4Geographical Expansion
- 4.3Market Share Analysis, 2022
- 4.4Top Winning Strategies
- 4.4.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb - 2023, Oct) Leading Players
- 4.5Porter's Five Forces Analysis
Chapter 5.Europe Digital Twin Market by Type
- 5.1Europe System Market by Country
- 5.2Europe Process Market by Country
- 5.3Europe Product Market by Country
Chapter 6.Europe Digital Twin Market by Application
- 6.1Europe Predictive Maintenance & Performance Monitoring Market by Country
- 6.2Europe Business Optimization Market by Country
- 6.3Europe Inventory Management Market by Country
- 6.4Europe Product Design & Development Market by Country
- 6.5Europe Others Market by Country
Chapter 7.Europe Digital Twin Market by Industry
- 7.1Europe Automotive & Transportation Market by Country
- 7.2Europe Energy & Utilities Market by Country
- 7.3Europe Residential & Commercial Market by Country
- 7.4Europe Healthcare & Lifesciences Market by Country
- 7.5Europe Agriculture Market by Country
- 7.6Europe Manufacturing Market by Country
- 7.7Europe Retail & Consumer Goods Market by Country
- 7.8Europe Aerospace Market by Country
- 7.9Europe Others Market by Country
Chapter 8.Europe Digital Twin Market by Country
- 8.1Germany Digital Twin Market
- 8.1.1Germany Digital Twin Market by Type
- 8.1.2Germany Digital Twin Market by Application
- 8.1.3Germany Digital Twin Market by Industry
- 8.2UK Digital Twin Market
- 8.2.1UK Digital Twin Market by Type
- 8.2.2UK Digital Twin Market by Application
- 8.2.3UK Digital Twin Market by Industry
- 8.3France Digital Twin Market
- 8.3.1France Digital Twin Market by Type
- 8.3.2France Digital Twin Market by Application
- 8.3.3France Digital Twin Market by Industry
- 8.4Russia Digital Twin Market
- 8.4.1Russia Digital Twin Market by Type
- 8.4.2Russia Digital Twin Market by Application
- 8.4.3Russia Digital Twin Market by Industry
- 8.5Spain Digital Twin Market
- 8.5.1Spain Digital Twin Market by Type
- 8.5.2Spain Digital Twin Market by Application
- 8.5.3Spain Digital Twin Market by Industry
- 8.6Italy Digital Twin Market
- 8.6.1Italy Digital Twin Market by Type
- 8.6.2Italy Digital Twin Market by Application
- 8.6.3Italy Digital Twin Market by Industry
- 8.7Rest of Europe Digital Twin Market
- 8.7.1Rest of Europe Digital Twin Market by Type
- 8.7.2Rest of Europe Digital Twin Market by Application
- 8.7.3Rest of Europe Digital Twin Market by Industry
Chapter 9.Company Profiles
- 9.1Honeywell International, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
- 9.1.5.1Partnerships, Collaborations, and Agreements:
- 9.1.5.2Product Launches and Product Expansions:
- 9.1.6SWOT Analysis
- 9.2SAP SE
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
- 9.2.5.1Partnerships, Collaborations, and Agreements:
- 9.2.6SWOT Analysis
- 9.3PTC, Inc.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Partnerships, Collaborations, and Agreements:
- 9.3.5.2Product Launches and Product Expansions:
- 9.3.5.3Acquisition and Mergers:
- 9.3.6SWOT Analysis
- 9.4General Electric Company
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
- 9.4.5.1Partnerships, Collaborations, and Agreements:
- 9.4.5.2Product Launches and Product Expansions:
- 9.4.6SWOT Analysis
- 9.5IBM Corporation
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional & Segmental Analysis
- 9.5.4Research & Development Expenses
- 9.5.5Recent strategies and developments:
- 9.5.5.1Partnerships, Collaborations, and Agreements:
- 9.5.6SWOT Analysis
- 9.6Oracle Corporation
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5Recent strategies and developments:
- 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.6SWOT Analysis
- 9.7Siemens AG
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5Recent strategies and developments:
- 9.7.5.1Partnerships, Collaborations, and Agreements:
- 9.7.5.2Product Launches and Product Expansions:
- 9.7.5.3Acquisition and Mergers:
- 9.7.6SWOT Analysis
- 9.8Robert Bosch GmbH
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5Recent strategies and developments:
- 9.8.5.1Product Launches and Product Expansions:
- 9.8.5.2Geographical Expansions:
- 9.8.6SWOT Analysis
- 9.9Microsoft Corporation
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expenses
- 9.9.5Recent strategies and developments:
- 9.9.5.1Partnerships, Collaborations, and Agreements:
- 9.9.5.2Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
- 9.10.ABB Group
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5Recent strategies and developments:
- 9.10.5.1Partnerships, Collaborations, and Agreements:
- 9.10.5.2Product Launches and Product Expansions:
- 9.10.6SWOT Analysis
LIST OF TABLES
- TABLE 1Europe Digital Twin Market, 2019 - 2022, USD Million
- TABLE 2Europe Digital Twin Market, 2023 - 2030, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Digital Twin Market
- TABLE 4Product Launches And Product Expansions- Digital Twin Market
- TABLE 5Acquisition and Mergers- Digital Twin Market
- TABLE 6Geographical Expansion- Digital Twin Market
- TABLE 7Europe Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 8Europe Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 9Europe System Market by Country, 2019 - 2022, USD Million
- TABLE 10Europe System Market by Country, 2023 - 2030, USD Million
- TABLE 11Europe Process Market by Country, 2019 - 2022, USD Million
- TABLE 12Europe Process Market by Country, 2023 - 2030, USD Million
- TABLE 13Europe Product Market by Country, 2019 - 2022, USD Million
- TABLE 14Europe Product Market by Country, 2023 - 2030, USD Million
- TABLE 15Europe Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 16Europe Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 17Europe Predictive Maintenance & Performance Monitoring Market by Country, 2019 - 2022, USD Million
- TABLE 18Europe Predictive Maintenance & Performance Monitoring Market by Country, 2023 - 2030, USD Million
- TABLE 19Europe Business Optimization Market by Country, 2019 - 2022, USD Million
- TABLE 20Europe Business Optimization Market by Country, 2023 - 2030, USD Million
- TABLE 21Europe Inventory Management Market by Country, 2019 - 2022, USD Million
- TABLE 22Europe Inventory Management Market by Country, 2023 - 2030, USD Million
- TABLE 23Europe Product Design & Development Market by Country, 2019 - 2022, USD Million
- TABLE 24Europe Product Design & Development Market by Country, 2023 - 2030, USD Million
- TABLE 25Europe Others Market by Country, 2019 - 2022, USD Million
- TABLE 26Europe Others Market by Country, 2023 - 2030, USD Million
- TABLE 27Europe Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 28Europe Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 29Europe Automotive & Transportation Market by Country, 2019 - 2022, USD Million
- TABLE 30Europe Automotive & Transportation Market by Country, 2023 - 2030, USD Million
- TABLE 31Europe Energy & Utilities Market by Country, 2019 - 2022, USD Million
- TABLE 32Europe Energy & Utilities Market by Country, 2023 - 2030, USD Million
- TABLE 33Europe Residential & Commercial Market by Country, 2019 - 2022, USD Million
- TABLE 34Europe Residential & Commercial Market by Country, 2023 - 2030, USD Million
- TABLE 35Europe Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
- TABLE 36Europe Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
- TABLE 37Europe Agriculture Market by Country, 2019 - 2022, USD Million
- TABLE 38Europe Agriculture Market by Country, 2023 - 2030, USD Million
- TABLE 39Europe Manufacturing Market by Country, 2019 - 2022, USD Million
- TABLE 40Europe Manufacturing Market by Country, 2023 - 2030, USD Million
- TABLE 41Europe Retail & Consumer Goods Market by Country, 2019 - 2022, USD Million
- TABLE 42Europe Retail & Consumer Goods Market by Country, 2023 - 2030, USD Million
- TABLE 43Europe Aerospace Market by Country, 2019 - 2022, USD Million
- TABLE 44Europe Aerospace Market by Country, 2023 - 2030, USD Million
- TABLE 45Europe Others Market by Country, 2019 - 2022, USD Million
- TABLE 46Europe Others Market by Country, 2023 - 2030, USD Million
- TABLE 47Europe Digital Twin Market by Country, 2019 - 2022, USD Million
- TABLE 48Europe Digital Twin Market by Country, 2023 - 2030, USD Million
- TABLE 49Germany Digital Twin Market, 2019 - 2022, USD Million
- TABLE 50Germany Digital Twin Market, 2023 - 2030, USD Million
- TABLE 51Germany Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 52Germany Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 53Germany Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 54Germany Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 55Germany Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 56Germany Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 57UK Digital Twin Market, 2019 - 2022, USD Million
- TABLE 58UK Digital Twin Market, 2023 - 2030, USD Million
- TABLE 59UK Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 60UK Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 61UK Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 62UK Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 63UK Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 64UK Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 65France Digital Twin Market, 2019 - 2022, USD Million
- TABLE 66France Digital Twin Market, 2023 - 2030, USD Million
- TABLE 67France Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 68France Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 69France Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 70France Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 71France Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 72France Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 73Russia Digital Twin Market, 2019 - 2022, USD Million
- TABLE 74Russia Digital Twin Market, 2023 - 2030, USD Million
- TABLE 75Russia Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 76Russia Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 77Russia Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 78Russia Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 79Russia Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 80Russia Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 81Spain Digital Twin Market, 2019 - 2022, USD Million
- TABLE 82Spain Digital Twin Market, 2023 - 2030, USD Million
- TABLE 83Spain Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 84Spain Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 85Spain Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 86Spain Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 87Spain Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 88Spain Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 89Italy Digital Twin Market, 2019 - 2022, USD Million
- TABLE 90Italy Digital Twin Market, 2023 - 2030, USD Million
- TABLE 91Italy Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 92Italy Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 93Italy Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 94Italy Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 95Italy Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 96Italy Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 97Rest of Europe Digital Twin Market, 2019 - 2022, USD Million
- TABLE 98Rest of Europe Digital Twin Market, 2023 - 2030, USD Million
- TABLE 99Rest of Europe Digital Twin Market by Type, 2019 - 2022, USD Million
- TABLE 100Rest of Europe Digital Twin Market by Type, 2023 - 2030, USD Million
- TABLE 101Rest of Europe Digital Twin Market by Application, 2019 - 2022, USD Million
- TABLE 102Rest of Europe Digital Twin Market by Application, 2023 - 2030, USD Million
- TABLE 103Rest of Europe Digital Twin Market by Industry, 2019 - 2022, USD Million
- TABLE 104Rest of Europe Digital Twin Market by Industry, 2023 - 2030, USD Million
- TABLE 105Key Information - Honeywell International, Inc.
- TABLE 106Key Information - SAP SE
- TABLE 107key Information - PTC, Inc.
- TABLE 108Key Information - General Electric Company
- TABLE 109Key Information - IBM Corporation
- TABLE 110Key Information - Oracle Corporation
- TABLE 111Key Information - Siemens AG
- TABLE 112Key Information - Robert Bosch GmbH
- TABLE 113Key Information - Microsoft Corporation
- TABLE 114Key Information - ABB Group
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