The United States digital twin market is forecasted to record a CAGR of 33.66% during the estimated period. The market growth of the country is predominantly credited to technological advancements, the increased demand across numerous industries like aviation, automotive, and manufacturing, as well as the rising use of digital twin as an adhesive. While the base year considered for the studied market is 2020, the projected years are from 2021 to 2026.
UNITED STATES DIGITAL TWIN MARKET FORECAST 2021-2026
United States Digital Twin Market by Application (Manufacturing Process Planning, Product Design, Other Applications) Market by Industry (Manufacturing, Automotive, Aviation, Energy and Utilities, Healthcare, Logistics and Retail, Other Industries) Market by Product (Digital Twin Platform, Hardware, Support Services) Market by Type (Asset Digital Twin, Process Digital Twin, System Digital Twin)
The United States digital twin market is forecasted to record a CAGR of 33.66% during the estimated period. The market growth of the country is predominantly credited to technological advancements, the increased demand across numerous industries like aviation, automotive, and manufacturing, as well as the rising use of digital twin. While the base year considered for the studied market is 2020, the projected years are from 2021 to 2026.
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The United States has continued to be at the forefront, especially in terms of technical developments. In this regard, the private sector as well as the country’s government invest in smart manufacturing technologies to increase the industrial base in the United States, taken over by China and low-labor expense nations like Brazil and Mexico. Moreover, the global smart manufacturing market race is led by United States-based tech giants that invest billions of dollars in products research and development, internal use, and commercialization.
The United States harbors one of the most significant aviation industries worldwide. Besides, irrespective of the political and economic uncertainty, the market is thriving. The growth is mainly attributed to the increasing passenger traffic and capacity. As a result, these factors are set to propel the digital twin market growth in the United States during the forecast years.
Amazon Web Services Inc, headquartered in the United States, is among the largest tech companies globally. It generates revenue primarily through the segments, namely, third-party seller service, amazon web service (AWS), online store, and others. As a subsidiary of Amazon.com, AWS engages in providing on-demand cloud computing platforms. Millions of customers across the world, including large enterprises, leading government agencies, and rapidly developing start-ups, use AWS to innovate faster and reduce costs.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON DIGITAL TWIN MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY APPLICATION
- MANUFACTURING PROCESS PLANNING
- PRODUCT DESIGN
- OTHER APPLICATIONS
- MARKET BY INDUSTRY
- MANUFACTURING
- AUTOMOTIVE
- AVIATION
- ENERGY AND UTILITIES
- HEALTHCARE
- LOGISTICS AND RETAIL
- OTHER INDUSTRIES
- MARKET BY PRODUCT
- DIGITAL TWIN PLATFORM
- HARDWARE
- SUPPORT SERVICES
- MARKET BY TYPE
- ASSET DIGITAL TWIN
- PROCESS DIGITAL TWIN
- SYSTEM DIGITAL TWIN
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
- BUSINESS EXPANSIONS
- KEY STRATEGIC DEVELOPMENTS
- ABB LTD
- ACCENTURE
- ALPHABET INC (GOOGLE)
- AMAZON WEB SERVICES INC
- CAPGEMINI
- CISCO SYSTEMS INC
- GENERAL ELECTRIC COMPANY
- HONEYWELL INTERNATIONAL
- IBM CORPORATION
- MICROSOFT CORPORATION
- PTC INC
- SAP SE
- SIEMENS AG
- WIPRO LIMITED
- KEY STRATEGIC DEVELOPMENTS
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)
- MARKET BY APPLICATION
- MANUFACTURING PROCESS PLANNING
- PRODUCT DESIGN
- OTHER APPLICATIONS
- MARKET BY INDUSTRY
- MANUFACTURING
- AUTOMOTIVE
- AVIATION
- ENERGY AND UTILITIES
- HEALTHCARE
- LOGISTICS AND RETAIL
- OTHER INDUSTRIES
- MARKET BY PRODUCT
- DIGITAL TWIN PLATFORM
- HARDWARE
- SUPPORT SERVICES
- MARKET BY TYPE
- ASSET DIGITAL TWIN
- PROCESS DIGITAL TWIN
- SYSTEM DIGITAL TWIN
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