Digital Twin Technology Market Analysis, Share, Size, Trends, Market Growth, Segments and Forecast 2020-2030
Market Overview Digital twin technology facilitates an integrated multi-physics, multi-system simulation to a complex product, which functions to mirror the life of its corresponding twin. Leveraging the full might of cutting-edge digital technologies, digital twins virtually mimic plant and factory products and processes which support the end-users in achieving continuous improvement and innovation. This technology has successfully paved its way across major industry verticals such as manufacturing, automotive, and electronics. With its promises such as time required for product development processes spiraled down to half, dropped down cost of development, speedier production systems which are 25% more efficient, and downtimes tending almost to zero, digital twin technology is poised to drive the manufacturing sector, encouraging more verticals for its deployment. As a result, the twin technology market has been growing rapidly. Huge demand from the electronic and electrical/machin