Latin America Digital Twin Market Size & Outlook
Latin America digital twin market, 2018-2030 (US$M)
Related Markets
Latin America digital twin market highlights
- The Latin America digital twin market generated a revenue of USD 1,993.8 million in 2024.
- The market is expected to grow at a CAGR of 34.9% from 2025 to 2030.
- In terms of segment, automotive & transport was the largest revenue generating end-use in 2024.
- Automotive & Transport is the most lucrative end-use segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,993.8 million |
| Market revenue in 2030 | USD 12,872.4 million |
| Growth rate | 34.9% (CAGR from 2025 to 2030) |
| Largest segment | Automotive & transport |
| Fastest growing segment | Automotive & Transport |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Agriculture, Automotive & Transport, Energy & Utilities, Healthcare & Life Sciences, Residential & Commercial, Retail & Consumer Goods, Aerospace, Telecommunication |
| Key market players worldwide | ABB Ltd, Amazon.com Inc, Ansys Inc, Autodesk Inc, Schneider Electric SE, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, GE Aerospace, Hexagon AB ADR, International Business Machines Corp, Microsoft Corp, PTC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, SAP SE, Siemens AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.0% of the global digital twin market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 44,694.7 million by 2030.
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Digital Twin Market Scope
Digital Twin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America digital twin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital twin market will help companies and investors design strategic landscapes.
Automotive & transport was the largest segment with a revenue share of 32.19% in 2024. Horizon Databook has segmented the Latin America digital twin market based on manufacturing, agriculture, automotive & transport, energy & utilities, healthcare & life sciences, residential & commercial, retail & consumer goods, aerospace, telecommunication covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the regional market can be attributed to the rising technological infrastructure, improving the economy, reduced technology costs, better access to technology, and the presence of major digital twin solution providers, among others. All these factors have contributed to the growth of the Latin American digital twin market.
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Target buyers of Latin America digital twin market databook
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Our clientele includes a mix of digital twin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America digital twin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America digital twin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America digital twin market size, by country, 2018-2030 (US$M)
Latin America Digital Twin Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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