Digital Twin Statistics By Market Size, Types and Manufacturer (2025)

Introduction

Digital Twin Statistics: A digital twin is a virtual copy of a real-world object, system, or process. It helps businesses test and improve things in the digital world before making changes in real life. This idea is used in many areas like healthcare, manufacturing, smart cities, and transport. Digital twins are growing fast because they save time, cut costs, and help people make better decisions.

This article will examine important statistics about digital twins, including the market’s growth, where it’s being used, and its future outlook. These numbers will help us understand why more companies use digital twins and how this technology changes our work.

Editor’s Choice

• The Global Digital Twin Market is projected to reach USD 522.9 billion by 2033, up from USD 11.8 billion in 2023, growing at a CAGR of 46.1% between 2024 and 2033.
• North America led the global market in 2023, accounting for a 37.1% revenue share, driven by strong technological infrastructure, key industry players, and a proactive approach to digital transformation.
• A survey conducted by Capgemini stated that within the next five years, the deployment of digital twins will grow at an average of 36%.
• Of those organisations using digital twins, average sales improved by 15%, while system performance and operational efficiency were enhanced by 25%.
• Meanwhile, McKinsey claimed almost 70% of technology leaders in large companies are actively working on and dedicating resources to digital twin projects.
• Similarly, after implementing digital twins, the creation of new projects and setup has increased, and the launch time of AI-enabled features has decreased by 60%, while the cost has reduced by 15%.
• According to BusinessWire, over 42% of executives in various industries benefited from using digital twins.
• Similarly, by the end of 2028, almost 59% plan to implement a digital twin within their operations.

Digital Twin Market Size By Market.us

• The Global Digital Twin Market is projected to reach USD 522.9 billion by 2033, up from USD 11.8 billion in 2023, growing at a CAGR of 46.1% from 2024 to 2033.

• North America held the highest revenue share of 37.1% in 2023, driven by strong technology infrastructure and early adoption.
• The Product Digital Twin segment accounted for the largest market share of 46.3% in 2023, due to its vital role in product optimization.
• The IoT and IIoT technology segment captured a revenue share of 28.9% in 2023, supporting the foundation of digital twin systems.
• The Automotive & Transportation industry led end-user adoption with a 22.0% revenue share in 2023, using digital twins for safety and innovation.
• 75% of firms using IoT are either benefiting from or planning to deploy digital twins within one year.
• 80% of engineers find added value in combining digital twins with VR technology.
• 57% of firms view digital twins as essential for advancing sustainability objectives.
• Unilever implemented digital twins across 300+ factories, realizing potential yearly savings of USD 2.8 million and 1–3% productivity gains.
• A global aviation company achieved 99.9% anomaly prediction accuracy using component digital twins for jet engines.
• A manufacturing company reduced product defects by 75% through process digital twin deployment.
• An oil company reported operational savings of up to USD 1 million per day using process digital twins in drilling.

(Reference: precedence research)

• Precedence Research shows that the North American region captured the highest market share of digital twins, with around 34.14% in 2024.
• Europe had the highest market share of all regions during the same period (31.41%), followed by Asia Pacific (25.20%), Latin America (6.22%), and MEA (3.03%).
• According to Iot Analytics, 57% of organisations state that a digital twin is the key motivator of overall investments.
• Based on sustainability metrics, many global organisations have achieved an average improvement of 16% due to digital twins.
• Meanwhile, the concept of digital twins remained unfamiliar to 47% of IT decision-makers.
• BusinessWire survey claimed that by 2028, digital twinning capability will be available in more than 94% of all Iot platforms.
• In 2025, 96% of industrial vendors recognised that digital twinning with IIoT and platform integration is mandatory.

Features of Digital Twin

• Virtual Replica
• Real-time Data and Simulation
• Predictive Analysis and Optimisation
• Realism and Accuracy
• Data-Driven Insights
• Connectivity and Interoperability
• Scalability and Flexibility
• Collaboration and Communication
• Continuous Improvement and Learning
• Integration with Existing Systems

Types of Digital Twins

(Source: authena.io)

• Parts or Components: This allows for real-time monitoring of each part’s performance and assessing its condition.
• Assets: Helps track components interacting within the system by offering enhanced performance.
• System: Detect potential failures and system performance, and enables optimisation.
• Processes and Framework: Allows for analysing and improving overall performance, operational efficiency, and process scalability.

Twin Market – Regional and Country-Level Insights

By End-Use Industry

• According to the Grand View Research of 2024, the global digital twin market for end-use is valued at USD 24,969.9 million.
• It is expected to grow at a 34.2% CAGR annually from 2024 to 2030.
• In the same period, the global digital twin’s manufacturing segment generated the highest revenue of USD 4,065.7 million and will reach USD 22,499.2 million by 2030.

Furthermore, the other segmental market revenue of Digital Twin is stated in the table below:

By Solution

• Digital Twin Statistics also show that the market size of the global component solution value is around USD 5,538.8 million in 2024.
• The annual compound growth rate will reach 34.5% from 2024 to 2030.
• Furthermore, the market size of the digital twin’s process and system solutions was USD 9,630.7 million and USD 9,800.2 million, respectively.

By Application

By Deployment

• The global cloud digital twin market was valued at USD 11.56 billion in 2024 and is expected to grow 42.2% annually until 2030.
• Meanwhile, the on-premise digital twin market was valued at USD 13.41 billion in 2024 and is predicted to grow 33% annually through 2030.

By Enterprise Size

By Manufacturing

• Fortune Business Insight states that in 2024, the global smart manufacturing digital twin market reached USD 17.93 billion (€16.42 billion) and will reach around USD 260.12 billion (€240.11 billion) by the end of 2032.
• The compound annual growth rate of the segment will grow by 39.8%.
• In 2025, 29% of global manufacturing companies will adopt digital twin strategies.
• Iot Analytics further shows that in the coming years, almost 65% of manufacturing technology decision-makers will implement digital twins to optimise overall operations.
• Moreover, around 67% of these segments prioritise digital twins to optimise full product lifecycle sustainability.

By Smart Cities

• ABI Research on Digital Twin Statistics further estimated that digital twins will play an effective role in urban city planning, and by 2030, they will save almost USD 279.28 billion (€259.26 billion).
• The value of digital twin-supported solutions in smart cities will reach USD 5.2 billion (€4.8 billion) by the end of 2028.
• According to the World Economic Forum, Ikea’s digital twin covered almost 42 million square feet of space and included 6,000 HVAC units from 10 manufacturers.
• The company reduced energy use in the HVAC central supply by 30% after using digital twin technology.
• Capgemini’s survey further details that implementing a digital twin has improved traffic flow and reduced passenger delays by 30%.
• Nanyang Technological University in Singapore stated that using digital twin technology saved around 31% of energy, reducing carbon emissions by 9.6 kilotons.

By Aerospace and Defence

• According to Hexagon report analysis, in 2025, digital twins will optimise the overall product lifecycle operations as claimed by 24% of aerospace and defence organisations.
• Similarly, in the coming 1 to 2 years, 50% of these sectors will do the same.
• Almost 19% of global organisations using digital twins will optimise sustainability, and 55% by the end of 2027.
• According to Capgemini reports, 78% of organisations say technological advancement is the main reason they invest in digital twins.
• In 2024, approximately 2.7% of the aerospace and defence industry’s revenue will be allocated to digital twin initiatives.
• 75% of respondents believe that digital twins have improved the initial stages of the design process.
• Almost 81% of these sectors stated that digital twins are crucial for increasing system and equipment availability and reliability within overall operations.
• A ResearchGate survey detailed that the U.S. Air Force saved USD 8.22 million (€7.47 million) on wind tunnel tests for the F-22 by using digital twins to develop CFD (Computational Fluid Dynamics) models.
• Digital twin and related technologies in the U.S. Navy have reduced 25% of the aircraft programme’s new product development.

By Oil and Gas

• Digital Twin Statistics based on Astute Analytics: The global digital twin market in the oil and gas industry is worth USD 111.16 million (€102.33 million).
• It is estimated to be around USD 919.48 million (€851.58 million) by the end of 2032.
• The market’s growth rate will reach 26.54% CAGR from 2024 to 2032.
• In this sector, those companies using digital twins have reduced operational delays by 20%.
• Furthermore, 70% of major stakeholders claimed that the digital twins in this sector are essential for operations.
• Moreover, in 2025, around 27% of the oil and gas industry had adopted the technology.
• Digital Twins help save around USD 3.30 million (€3.03 million) monthly, resulting in a yearly addition of USD 39.29 million (€36.41 million).

By Healthcare

• According to Global Information Research, the global healthcare market for digital twins is expected to reach USD 1.9 billion by the end of 2035, with a CAGR of 30%.
• More than 90 digital twins are commercially available worldwide for health monitoring, diagnosis, and surgical planning.
• Healthcare companies created more than 42% of digital twins, focusing on surgical planning, process management, and personalised treatment.
• In the last 3 years, the partnership with digital twin technology has increased by 20%.
• Over 45% of healthcare companies have signed deals with digital twins in the last two years.
• Prophecy Market Insights estimated that the healthcare digital twin market in the North American region had the highest share, 38.2%.

Impacts of Digital Twin Technology

(Source: modernpumpingtoday.com)

• The above graph reports that 71% of engineers considered the physical asset the most crucial element for a digital twin.
• In comparison, 52% of technical experts believed that a live data set is required for proper functionality, while 45% claimed an offline data set.
• Digital Twin Statistics also reports other impacts of digital twins, such as 3d representation (45%), real-time simulation (43%), trend analysis of historical data (39%), production of future events (32%), 2d graphic representation (31%), and unique physical assets (19%).

Conclusion

This article on digital twin statistics elaborates that this is a smart copy of a real-world object, system, or process. It helps people see how things work, find problems early, and make better decisions. This technology is useful in many areas, like factories, cities, and healthcare. As digital tools improve, digital twins will become more common and helpful. They save time, reduce costs, and improve safety.

In the future, we will likely see digital twins playing a big role in building, managing, and improving the world around us. It’s a powerful step towards smarter living.