Everything may be modelled with Digital Twin, from discrete parts to whole systems. While virtually simulating a real-world object or system is the same for all types of Digital Twin, their objectives and reach considerably differ from one another.
There are four main categories of digital twins:
Component Twin- Digital representations of a specific component of a system or product, like a gear or screw, are called component twins. Component twins are often used to represent integral parts, such as those under specific stress or heat, as opposed to merely modelling all the various parts of a product. Designers and engineers can understand how the parts can be modified to maintain their integrity in likely circumstances by digitally modelling the parts and exposing them to dynamic simulations.
Asset Twin- Asset twins, also known as product twins, are digital replicas of a whole product rather than just its component pieces. Asset twins are technically made up of many component twins, but their main goal is to show how the many pieces of a real-world product work together. For instance, a wind turbine might have a corresponding asset twin that is used to track its performance and spot potential component breakdown due to normal wear and tear.
System Twin- System twins, also known as unit twins, are digital representations of product systems in action. System twins simulate these separate products as pieces of a larger system, whereas asset twins simulate real-world products made up of numerous parts. It is possible to enhance the relationships between assets by having a better understanding of how they interact, which will boost productivity and efficiency.
Process Twin- Digital representations of interconnected systems are called process twins. For instance, a process twin could simulate the complete factory down to the workers working the machinery on the factory floor, whereas a system twin might simulate a production line.
October 10, 2018: This report focuses on the global Digital Twin Technology status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Digital Twin Technology development in United States, Europe and China.In 2017, the global Digital Twin Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyGeneral ElectricMicrosoft CorporationPTCSiemensDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-digital-twin-technology-market-size-status-and-forecast-2018-2025/request-sample SAPIBM CorporationAlphabet Inc.Bosch Software InnovationsMarket segment by Type, the product can be split intoOn-premisesCloud-basedView summary of this report @ https://www.radiantinsights.com/research/global-digital-twin-technology-market-size-status-and-forecast-2018-2025 Market segment by Application, split intoOil & GasManufacturingAerospaceAutomotivePower GenerationOtherMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Digital Twin Technology status, future forecast, growth opportunity, key market and key players.To present the Digital Twin Technology development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Digital Twin Technology are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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