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Global Digital Thread market is expected to reach 1798 million USD by the end of 2023
Publisher: QYResearch
Published Date: 2018/12/14
Digital Thread can be classified to parts type and system type, parts type players are like Siemens and IBM, system players are like GE.
Digital Thread is first used for Aerospace & Defense, but it can be used for Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Other industry. And Automotive & Transportation, Machine Manufacturing, Energy & Utilities are the widest area which took up about 85% of the global total in 2017.
The global Digital Thread market is valued at 86 million USD in 2017 and is expected to reach 1798 million USD by the end of 2023, growing at a CAGR of 65.91% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Thread.
EU also play important roles in global market, with market size of 14.6 million USD in 2017 and will be 336 million USD in 2023, with a CAGR of 68.74%.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-12-14 00:02:30
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- Item ID: 15002708