The discussion of digital twin has been increasing in recent years. Its concept was first proposed in 2002. In recent years, benefited from the development of artificial intelligence and deep learning along with the maturity of 5G, AR/VR, and IIoT technologies, the application scenarios of digital twins have been discussed again, and the market development prospects are very optimistic. According to the forecast of global market research, the digital twin market was US$3.15 billion in 2020 and is expected to reach US$48.27 billion by 2026. Industry 4.0 is the main reason driving the growth of the digital twin market. Through unmanned, automated and self-learning capabilities, companies can significantly reduce product development time and reduce R&D costs. This article reviews the current development of digital twin in the manufacturing industry. Investigates the reasons and advantages of implementation, and further analyze Taiwan's future role and development in the market.