Market Research Report
Digital Twins Market by Technology, Twinning Type, Cyber-to-Physical Solutions, Use Cases and Applications in Industry Verticals 2021 - 2026
|Published by||Mind Commerce||Product code||996932|
|Published||Content info||146 Pages
Delivery time: 1-2 business days
|Digital Twins Market by Technology, Twinning Type, Cyber-to-Physical Solutions, Use Cases and Applications in Industry Verticals 2021 - 2026|
|Published: March 24, 2021||Content info: 146 Pages||
This report evaluates digital twinning technology, solutions, use cases, and leading company efforts in terms of R&D and early deployments. The report assesses the digital twin product and service ecosystem including application development and operations. This includes consideration of use cases by industry vertical.
The report also analyzes technologies supporting and benefiting from digital twinning. The report also provides detailed forecasts covering digital twinning solutions in many market segments and use cases including manufacturing simulations, predictive analytics, and more from 2021 to 2026 with global, regional, and major country forecasts.
A digital twin is a virtual object representation of a real-world item in which the virtual is mapped to physical things in the real-world such as equipment, robots, or virtually any connected business asset. This mapping in the digital world is facilitated by IoT platforms and software that is leveraged to create a digital representation of the physical asset.
The digital twin of a physical asset can provide data about its status such as its physical state and disposition. Conversely, a digital object may be used to manipulate and control a real-world asset by way of teleoperation. The publisher of this report sees this form of cyber-physical connectivity, signaling, and control as a key capability to realize the vision for Industry 4.0 to fully digitize production, servitization, and the "as a service" model for products.
There are many potential use cases for digital twinning including monitoring, simulation, and remote control of physical assets with virtual objects. Solutions focus on Part, Product, Process, and System twinning. Leading digit twin solutions involve Asset Twinning, Component Twinning, System Twinning, Process and Workflow Twinning. Mind Commerce sees digital twinning playing a key role in many related IoT operations processes including IoT application development, testing, and control.
The implementation of digital twins will also enable distributed remote control of assets, which will place an increasingly heavy burden on IoT Identity management, authentication, and authorization. IoT authentication market solutions are also important in support of the "things" involved in IoT, which vary from devices used to detect, actuate, signal, engage, and more. This will become particularly important with respect to digital twin solution integration.
As reflected by the “Digital Twin Consortium” , Mind Commerce sees some of the key industries to lead cyber-to-physical integration and solutions include aerospace, healthcare, manufacturing, military, natural resources, and public safety sectors. In terms of integrating digital twin technology and solutions with telecommunications and enterprise infrastructure, Mind Commerce sees a need for careful planning from a systems integration, testing, and implementation perspective. This will be especially important in the case of mission critical applications.