The 2023-2028 World Outlook for Digital Twins

The 2023-2028 World Outlook for Digital Twins

This study covers the world outlook for digital twins across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

In this report we define the sales of digital twins as including all commonly understood products and/or services falling within this broad category, such as power amplifier and switch radio-frequency (RF) electronics, light-emitting diodes (LED), solar cells for high concentration photovoltaic (HCPV), TVs, signs and displays, and general lighting, irrespective of product packaging, formulation, size, or form. Companies participating in this industry include ABB Group, Accenture, Akselos SA, Allerin Tech Pvt, Altair Engineering, Amazon Web Services, Andritz Group, ANSYS, AnyLogic North America, LLC, Arup Group, Aucotec Ag, Autodesk, AVEVA, Avolution Pty, Ltd., Bentley Systems, Bosch Software Innovation, Bureau Veritas, Cadfem Gmbh, Cal-Tek, Cityzenith, Computer Science, Cosmo Company Sas, Dassault System, DATUMIX, DNV GL, DXC Technology Company, Emerson, Faststream Technologies, Feinguss Blank Gmbh, GE Digital, Hexagon AB, HONEY Well, IBM, Infosys, Lanner Group, Ltd., MathWorks, Mevea, Microsoft, NAVANTIA, Oracle, PETRA DATA Science, PRATITI Technologies, Prodea System, Inc., PTC, QIO Technologies, Rescale, Robert Bosch, Rockwell Automation, ROYAL HASKONINGDHV, SAP, SAS Institute, ScaleOut Software, Schneider, Seebo Interactive, Ltd., Siemens, Sight Machine, Software AG Pte, Ltd., SWIM AI, Tata Consultancy Services, Tibco Software, Toshiba Corporation, Virtalis, VISUALIZ, Wipro, XenonStack Pvt, Ltd., and Yokogawa Corporation of America. In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. All figures are in a common currency (U.S. dollars, millions) and are not adjusted for inflation (i.e., they are current values). Exchange rates used to convert to U.S. dollars are averages for the year in question. Future exchange rates are assumed to be constant in the future at the current level (the average of the year of this publication's release in 2022).