The digital twin market is poised for solid growth over the next five years jumping from $3.8 billion in 2019 to $35.8 billion by 2025, at a CAGR of 45.4 per cent, according to a recent Markets & Markets report.

 

Digital twins bridge the digital and physical worlds. They are virtual replicas of buildings, infrastructure and physical assets, fully interconnected with the data in and around them that optimize project performance, and help predict and visualize future outcomes.

 

The world is building massive projects in larger numbers than at any time in history. Our planet must accommodate the equivalent of 10,000 new cities by 2050 just to keep pace with the projected population explosion.

 

That’s the challenge confronting architects, engineers, and construction professionals today. Yet many are forced to work with 20, 30, 50, and sometimes hundreds of different systems that don’t speak to each other, resulting in multiple disconnected data siloes. 

 

The result? Productivity declines, decisions are poorly informed, and projects get delayed or yield sub-optimal outcomes. That’s where Digital Twin technology takes center stage.

 

Digital twin software is already revolutionising industries such as architecture, aerospace, defence, healthcare and automotive and transportation.

 

The global smart infrastructure market, which includes the digital twin sector, is expected to thrive at a considerable CAGR between 2020 and 2025 as demand for the smart infrastructure has been a booming year on year, reports Market Research Explore. 

 

The report for the global Smart Infrastructure market, named Siemens, Cityzenith, and Black & Veatch, as the leading companies in the sector.

 

According to industry experts, the earliest digital twin projects focused primarily on the manufacturing sector, assisting plant operators to better coordinate, manage, and optimise production activity. 

 

Their project list today spans multiple sectors, including but not limited to commercial real estate, retail, infrastructure, smart cities, smart campuses, smart districts, energy, and many others.

 

Interest in all things digital twin is growing virally, even as the definition of what a digital twin actually is, continues to take shape, stated the experts. 

 

Six countries around the world now have a national digital twin programme, most notably the UK and in the US, the AIA is currently considering digital twin practice guidelines, it added.

 

According to experts, both private sector and public sector tenders the world over now routinely call for Digital Twin solutions, including the new mega Smart City in Saudi Arabia, which plans to test 19 different digital twin use cases over the next two years, and the new capital city of Amaravati in Andhra Pradesh, India, which claimed to be the first ever greenfield city born with a Digital Twin.

 

The world's most advanced digital twin software, SmartWorldPro is delivering value across multiple functional areas like maintenance, energy consumption, space utilisation and traffic management, while Cityzenith’s digital twin platform, SmartWorldPro, aggregates and analyzes information needed to design, build, and run projects at any scale, they added.-TradeArabia News Service