Germany Digital Twin Market Size & Outlook, 2023-2030
Germany digital twin market, 2018-2030 (US$M)
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Germany digital twin market highlights
- The Germany digital twin market generated a revenue of USD 1,377.8 million in 2023 and is expected to reach USD 11,454.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 35.3% 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 1,377.8 million |
| Market revenue in 2030 | USD 11,454.0 million |
| Growth rate | 35.3% (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, Germany accounted for 8.2% 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 Europe, Germany digital twin market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 6,077.7 million by 2030.
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Digital Twin Market Scope
Digital Twin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 16.55% in 2023. Horizon Databook has segmented the Germany 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.
Advancements in digital technologies and emerging startups in Germany are driving the growth of the digital twin market. Several residential establishments, academic institutions, and enterprises in the country are focusing on automating their building operations to reduce workforce costs.
For instance, in December 2021, Siemens AG, the German industrial manufacturing company, acquired Eco Domus Inc., a building information modeling solution provider. The acquisition will help the company expand its digital building portfolio, such as cloud-based building operations twin software.
Further, in July 2020, Siemens AG announced a partnership with SAP to help customers innovate and collaborate on new business models to accelerate global industry transformation.
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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 Germany digital twin market , including forecasts for subscribers. This country databook contains high-level insights into Germany digital twin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany digital twin market size, by end-use, 2018-2030 (US$M)
Germany Digital Twin Market Outlook Share, 2023 & 2030 (US$M)
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