China Digital Twin Market Size & Outlook, 2023-2030
China digital twin market, 2018-2030 (US$M)
Related Markets
China digital twin market highlights
- The China digital twin market generated a revenue of USD 1,030.0 million in 2023 and is expected to reach USD 13,089.9 million by 2030.
- The China market is expected to grow at a CAGR of 43.8% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating end-use in 2023.
- Agriculture is the most lucrative end-use segment registering the fastest growth during the forecast period.
Digital twin market data book summary
| Market revenue in 2023 | USD 1,030.0 million |
| Market revenue in 2030 | USD 13,089.9 million |
| Growth rate | 43.8% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Agriculture |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Agriculture, Automotive & Transport, Energy & Utilities, Healthcare & Life Sciences, Residential & Commercial, Retail & Consumer Goods, Aerospace, Telecommunication |
| Key market players worldwide | ABB Ltd, Amazon.com Inc, Ansys Inc, Autodesk Inc, Schneider Electric SE, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, GE Aerospace, Hexagon AB ADR, International Business Machines Corp, Microsoft Corp, PTC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, SAP SE, Siemens AG |
Other key industry trends
- In terms of revenue, China accounted for 6.1% of the global digital twin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China digital twin market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,158.5 million by 2030.
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Digital Twin Market Scope
Digital Twin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China digital twin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital twin market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 16.7% in 2023. Horizon Databook has segmented the China digital twin market based on manufacturing, agriculture, automotive & transport, energy & utilities, healthcare & life sciences, residential & commercial, retail & consumer goods, aerospace, telecommunication covering the revenue growth of each sub-segment from 2018 to 2030.
China has one of the most sophisticated digital ecosystems in the world, with over 800 million people actively using the internet and approximately 700 million people owning smartphones. In January 2021, the Shanghai government outlined the plan for digital transformation by 2035.
The city will switch to integrated transformation and promote digital platforms for digital transformation in the economy, life, and governance. In terms of economic digitalization, Shanghai will boost the construction of digital industrial clusters in Integrated Circuits (IC) and Artificial Intelligence (AI), which will put the city into a key hub of the digital economic network.
Reasons to subscribe to China digital twin market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China digital twin market databook
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Our clientele includes a mix of digital twin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China digital twin market , including forecasts for subscribers. This country databook contains high-level insights into China digital twin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China digital twin market size, by end-use, 2018-2030 (US$M)
China Digital Twin Market Outlook Share, 2023 & 2030 (US$M)
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Related regional statistics
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