Digital Twins Market Expected To Grow To $154 Billion In 2030 - Manufacturing AUTOMATION

Digital Twins Market Expected To Grow To $154 Billion In 2030 - Manufacturing AUTOMATION

June 6, 2025, London, England — The global digital twins market is expected to grow at a compound annual growth rate (CAGR) of 35.6 per cent to $154 billion in 2030 from $5 billion in 2019, a report from data and analytics company GlobalData revealed. The Strategic Intelligence report Digital Twins reveals that the growth of the global digital twins market will be driven by low-cost sensors used in IoT devices, a decline in the cost of high-perf…

Digital twins to transform industrial landscape profoundly

Rise of semantic twins further signifies an exciting chapter, blending AI’s cognitive capabilities with digital models to facilitate intelligent, data-informed decision-making. As adoption accelerates globally, digital twins will increasingly become indispensable tools in achieving efficiency, sustainability, and competitive advantage across sectors. Digital twins, virtual replicas of physical assets, systems, or processes, are increasingly resh…