Growth Opportunities for Digital Twins in Global Mobility

Growth Opportunities for Digital Twins in Global Mobility

AI and Data Analytics Set to Disrupt the Automotive Sector to Improve Efficiencies, Drive Innovation, and Create Resilience to Outside Factors

RELEASE DATE
18-May-2022
REGION
Global
Research Code: PCFD-01-00-00-00
SKU: AU02335-GL-MT_26545
$4,950.00
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Description

This study is a comprehensive analysis of digital twinning as a concept, as a technology trend, and as a strategic business tool in the global automotive sector. It explores everything that a business needs to know about digital twinning and industry developments, including future implications and opportunities.

Digital twinning is a result of digitalization efforts that span many years. Predominantly a theoretical concept since the 60s, various industries are now using digital twins in response to technology trends and geopolitical factors, including Industry 4.0 and the global COVID-19 pandemic. Digital twinning is a disruptive and transformative concept with data at its core. Complex interactions among various technologies are needed for its implementation, but it has far-reaching effects across business areas, from strategic decision-making to ensuring a zero-hazard shop floors.

The research aims to provide a clear understanding of the digital twinning concept and the interactions between its underlying technologies. The analysis will outline which technologies are required for the realization of particular digital twin features. The study also catalogues the various digital twin applications in the automotive industry and the possible implications. It offers an analysis of current industry developments across the value chain and lists the service providers that deliver digital twinning, including a comparison of their capabilities.


Research Highlights

  • Explain the concept of digital twinning and its implications for the automotive industry
  • Discuss the challenges involved in digital twinning implementation and the current legal and regulatory frameworks available
  • Explore the impact of digital twins on the different areas of the value chain (i.e., product design and testing, manufacturing, supply chain, battery management, and product life cycle)
  • Outline future opportunities possible through collaboration with blockchain, 3D printing, and other advanced technologies
  • Pinpoint the digital twinning strategy of major OEMs
  • Identify the major digital twinning service providers across geographies and their specific expertise

Author: Sandhya Jesu

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Digital Twins in Mobility

Growth Opportunities Fuel the Growth Pipeline Engine™

Application Avenues in Automotive

Strategic Impact on the Automotive Industry

Future Business Opportunities—Data-based Business Models

Future Business Opportunity—Used Car Market

Service Provider Mapping by Geography

Market Share Estimates

Scope of Analysis

Growth Drivers for Digital Twinning in Mobility

Growth Restraints for Digital Twinning in Mobility

What Is A DT?

DT Application—Use Case

Primary Functions of a DT

Digital Twinning—A Timeline

DT—Architecture

DT Types

DT in the PLC

DT in the PLC (continued)

Digital Twinning and Simulation—A Comparison

Why Digital Twinning?

What Digital Twinning Does for the Organization

Digital Twinning—Implementation Challenges

Digital Twinning—Legal Challenges

Digital Twinning—Standards and Consortiums

Digital Twinning Overview—Key Takeaways

Technologies Driving Digital Twinning

Technology—Feature Mapping

Technology—Feature Mapping (continued)

DTS and Connected Cars

Cognitive DT—The Role of AI

DT Interfaces—Enhanced Experiences Using AR/VR/MR

Digital Twinning Drives 3D Printing

Enabling Technologies—Key Takeaways

BMW

GM

VW

VW (continued)

VW Group—Audi

Mercedes-Benz Group and Daimler Truck North America (NA)

Mercedes-Benz Group and Daimler Truck North America (continued)

Ford

Ford (continued)

Hyundai

Volvo

Capability Landscape Based on Existing DT Initiatives

OEM Case Studies—Key Takeaways

DT in Product Design

Application in Product Design and Development

Product Design Use Case—Renault–Nissan

Product Design and Development—Offerings and Service

Product Design and Development—Partnerships

Product Design and Development—Partnerships (continued)

Product Design and Development—Partnerships (continued)

DT in Manufacturing

Applications in Manufacturing

Manufacturing Use Case—VinFast

Manufacturing—Offerings and Service Providers

Manufacturing—Offerings and Service Providers (continued)

Manufacturing—Partnerships

Manufacturing—Partnerships (continued)

DT in Sales And Service

Applications in Sales and Service

Product Twin—Tesla

Product Twin—Cerence

Cyber DT—Cybellum

Product Twin—Offerings and Service Providers

Product Twin—Partnerships

DT in Supply Chain

Applications in Supply Chain

Supply Chain DT

Future Application—Strengthening DT with Blockchain

Supply Chain—Offerings and Service Providers

Supply Chain—Partnerships

DT in EV Battery Management

Application in Battery Design and Life Cycle Management

EV Battery Management—DT Service Providers

TWAICE—Product Design

TWAICE—Battery Life Cycle Management

EV Battery Management—Partnerships

Types of Players (Not Exhaustive)

Competitive Landscape—United States

Competitive Landscape—United States (continued)

Competitive Landscape—Europe

Competitive Landscape—Europe (continued)

Partnerships between DT Service Providers

Partnerships between DT Service Providers (continued)

DT Service Providers—Key Takeaways

Predictions

Growth Opportunity 1—Integrated PLC Using DT will Give OEMs a Wider Role Throughout the PLC

Growth Opportunity 1—Integrated PLC Using DT will Give OEMs a Wider Role Throughout the PLC (continued)

Growth Opportunity 2—Digital Twinning can make Business Processes Immune to Geopolitical Disturbances

Growth Opportunity 2—Digital Twinning can make Business Processes Immune to Geopolitical Disturbances (continued)

Growth Opportunity 3—Several Innovative Data-based Business Opportunities Open Up for OEMs

Growth Opportunity 3—Several Innovative Data-based Business Opportunities Open Up for OEMs (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

Related Research
This study is a comprehensive analysis of digital twinning as a concept, as a technology trend, and as a strategic business tool in the global automotive sector. It explores everything that a business needs to know about digital twinning and industry developments, including future implications and opportunities. Digital twinning is a result of digitalization efforts that span many years. Predominantly a theoretical concept since the 60s, various industries are now using digital twins in response to technology trends and geopolitical factors, including Industry 4.0 and the global COVID-19 pandemic. Digital twinning is a disruptive and transformative concept with data at its core. Complex interactions among various technologies are needed for its implementation, but it has far-reaching effects across business areas, from strategic decision-making to ensuring a zero-hazard shop floors. The research aims to provide a clear understanding of the digital twinning concept and the interactions between its underlying technologies. The analysis will outline which technologies are required for the realization of particular digital twin features. The study also catalogues the various digital twin applications in the automotive industry and the possible implications. It offers an analysis of current industry developments across the value chain and lists the service providers that deliver digital twinning, including a comparison of their capabilities.--BEGIN PROMO--

Research Highlights

  • Explain the concept of digital twinning and its implications for the automotive industry
  • Discuss the challenges involved in digital twinning implementation and the current legal and regulatory frameworks available
  • Explore the impact of digital twins on the different areas of the value chain (i.e., product design and testing, manufacturing, supply chain, battery management, and product life cycle)
  • Outline future opportunities possible through collaboration with blockchain, 3D printing, and other advanced technologies
  • Pinpoint the digital twinning strategy of major OEMs
  • Identify the major digital twinning service providers across geographies and their specific expertise

Author: Sandhya Jesu

More Information
Author Sandhya Jesu
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PCFD-01-00-00-00