- What are the key use cases for digital twins in buildings today?
- What building digital twin use cases are most common?
- How are emerging technologies like augmented reality and AI having an impact on the building digital twin market?
- What are the current geographic trends in digital twin employment?
- How are emerging regulations having an impact on the building digital twin market?
4Q 2023
Building Digital Twins
Digital Twins for the Construction and Operation of Building Assets: Global Market Analysis and Forecasts, 2023-2032
As buildings are designed, constructed, and occupied, they generate large amounts of data that can increase efficiency and reduce liability. Digital twins are proving effective in utilizing this data by helping designers communicate better with customers, construction teams communicate better with each other, and building operators better anticipate how changing conditions will have an impact on their assets. A digital twin is a digital replica of a real-world asset that offers a real-time reflection of the asset’s status. For buildings, this looks like a three-dimensional model of a building's systems and architectural features, and its real-time status from connected sensors and devices.
Building digital twins are just beginning to find their niche in building design, construction, and operations. Of the emerging use cases, perhaps the most notable is digital twins’ advanced design, planning, and simulation. Whether measuring a crew’s efficiency during construction or the HVAC system’s efficiency during a retrofit, the digital twin’s data and simulation abilities are invaluable for avoiding mistakes and duplication of efforts, and making the best choices for the building’s future. As a younger market, building digital twins face several barriers to growth. Chief among them are the lack of a clear use case in which digital twins are invaluable, poor data, and incompatibilities between a building’s hardware and software systems.
This Guidehouse Insights study analyzes the global market for building digital twins. It provides an analysis of market issues, including emerging trends, drivers, and barriers. Global market forecasts, which extend from 2023-2032, are segmented by eight building types and five world regions.
Pages
33
Tables | Charts | Figures
20
Key Questions Addressed
Who Needs This Report
- Geospatial software vendors
- Modeling and simulation software vendors
- Intelligent building system vendors
- Architects and planners
- Construction firms
- Networking and telecommunications vendors
- Regulatory community
- Investor community
Table Of Contents
1. Executive Summary
1.1 Digital Twins Can Help Secure Better Efficiencies Across the Building Construction and Operations Value Chain
1.2 Key Market Trends
1.3 Market Outlook
2. Market Issues
2.1 Digital Twins Help Building Operators Actualize Their Data and Realize Efficiencies Across an Asset’s Lifecycle
2.2 Definitions and Scope
2.3 Common Use Cases
2.3.1 Planning and Simulation
2.3.2 Data Centralization and Handover
2.3.3 Planned and Reactive Maintenance
2.3.4 Climate Planning and Adaptation
2.3.5 Health and Comfort
2.4 Market Trends
2.5 Drivers
2.6 Barriers
2.7 Pricing
3. Industry Value Chain
3.1 Value Chain
3.2 Competitive Landscape
3.3 Merger & Acquisition Activities
3.4 Business Model Evolution
4. Market Forecasts
4.1 Scope
4.2 Methodology
4.3 Global Revenue
4.4 Revenue by Building Type
4.5 Revenue by Geographic Region
4.5.1 North America
4.5.2 Europe
4.5.3 Asia Pacific
4.5.4 Latin America
4.5.5 Middle East & Africa
5. Conclusions and Recommendations
5.1 Three Big Takeaways
5.2 Recommendations
5.2.1 Building Design and Construction Teams
5.2.2 Building Operators
5.2.3 Digital Twin Designers
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Annual Building Digital Twins Revenue by Region, World Markets: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, World Markets: 2023-2032
- Proportional Annual Building Digital Twins Revenue by Building Type, World Markets: 2023
- Proportional Annual Building Digital Twins Revenue by Building Type, World Markets: 2032
- Annual Building Digital Twins Revenue by Building Type, North America: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Europe: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Asia Pacific: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Latin America: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Middle East & Africa: 2023-2032
- Building Digital Twin Value Chain for New Build and Retrofit
List of Tables
- Annual Building Digital Twins Revenue by Region, World Markets: 2023-2032
- Cumulative Building Digital Twins Revenue by Region, World Markets: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, World Markets: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, North America: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Europe: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Asia Pacific: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Latin America: 2023-2032
- Annual Building Digital Twins Revenue by Building Type, Middle East & Africa: 2023-2032
- CEO 360 Degree View
- Market Competitive Structure
Choose a License Type
$3,950 USD
$5,925 USD