Growth Opportunities for Digital Twins in Manufacturing

Growth Opportunities for Digital Twins in Manufacturing

Next generation Digital Twins Enabling Transformational Growth in Industrial Manufacturing

RELEASE DATE
23-Aug-2022
REGION
Global
Deliverable Type
Market Research
Research Code: K78A-01-00-00-00
SKU: IA01660-GL-MR_26823
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$2,450.00
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Description

Digital twins (DTs) are not a novelty. Different industry verticals have been benefiting from DTs for decades. However, technological enablers such as artificial intelligence, blockchain, and 5G are expanding the limits of DTs and opening up the concept. The next generation of plants and factories are starting to demonstrate success in complementing the physical world with the virtual world. In this regard, DTs act as the bridge connecting these traditionally separate realms.

The aim of this study is to represent the transformational potential of digital twins and their impact on companies´ growth. It analyzes the growth prospects of digital twins in industrial applications, explores the most innovative use cases, and details how technological enablers are shaping the market. Frost & Sullivan also highlights the main growth opportunities that industry players should consider for positive disruption of traditional business models.

Key Issues Addressed:

  • What is a DT?
  • What are the drivers and restraints shaping DTs?
  • What is the estimated market of DTs?
  • What is the adoption level of DTs?
  • Who are the leading DT providers?
  • What are the technological enablers of DTs?
  • What are the innovative application use cases of DTs? 

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Digital Twin (DT) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Questions This Study Will Answer:

What is a DT?

Growth Drivers

Growth Restraints

Estimated Market for DTs

Level of Adoption across Industrial Business Segments

Global Leading DT Providers

Technological Enablers—DTs

Technological Enablers—DTs (continued)

Technological Enablers—DTs (continued)

Technological Enablers—DTs (continued)

Technological Enablers—DTs (continued)

Technological Enablers—DTs (continued)

Innovative Application Cases

Innovative Application Cases (continued)

Innovative Application Cases (continued)

Innovative Application Cases (continued)

Innovative Application Cases (continued)

Innovative Application Cases (continued)

Growth Opportunity 1: M&As, Partnerships, and Collaborations for Industry Convergence

Growth Opportunity 1: M&As, Partnerships, and Collaborations for Industry Convergence (continued)

Growth Opportunity 2: Increased Sustainability Approach

Growth Opportunity 2: Increased Sustainability Approach (continued)

Growth Opportunity 3: Scalable and Modular DTs to Enable Customer-centric Approaches

Growth Opportunity 3: Scalable and Modular DTs to Enable Customer-centric Approaches (continued)

DT Capabilities

List of Exhibits

Legal Disclaimer

Digital twins (DTs) are not a novelty. Different industry verticals have been benefiting from DTs for decades. However, technological enablers such as artificial intelligence, blockchain, and 5G are expanding the limits of DTs and opening up the concept. The next generation of plants and factories are starting to demonstrate success in complementing the physical world with the virtual world. In this regard, DTs act as the bridge connecting these traditionally separate realms. The aim of this study is to represent the transformational potential of digital twins and their impact on companies´ growth. It analyzes the growth prospects of digital twins in industrial applications, explores the most innovative use cases, and details how technological enablers are shaping the market. Frost & Sullivan also highlights the main growth opportunities that industry players should consider for positive disruption of traditional business models.--BEGIN PROMO--

Key Issues Addressed:

  • What is a DT
  • What are the drivers and restraints shaping DTs
  • What is the estimated market of DTs
  • What is the adoption level of DTs
  • Who are the leading DT providers
  • What are the technological enablers of DTs
  • What are the innovative application use cases of DTs 
More Information
Deliverable Type Market Research
Author Marina Salaber
Industries Industrial Automation
No Index No
Is Prebook No
Keyword 1 Digital Twins in Manufacturing
Keyword 2 Growth in Industrial Manufacturing
Keyword 3 Industrial DTs
Podcast No
WIP Number K78A-01-00-00-00