Nvidia CEO Jensen Huang - “In the future, everything - factories, cities, even humans — will have a digital twin.”
Even in India, Digital twin technology presents a multi Billion $ opportunity growing at over 35% CAGR!
An explainer thread and potential winners🧵
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What is it?
A digital twin creates digital replica of a physical object, person, system, infrastructure or process as a digital version of its environment.
It is the new frontier of manufacturing that helps simulate and optimise manufacturing processes before deployment.
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Digital twin models in India are still at a nascent stage of growth with estimates of 35-40% growth for years ahead.
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India is well poised to gain from this fusion of Technology and Manufacturing given:
- World-class, cost-efficient ER&D talent
- PLI manufacturing Capex + Smart-city programs
- 5G rollout & industrial IoT adoption
- Engineering services ecosystem to build & run twins
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Growing industry use cases.
Extracts from latest Annual Reports of companies show how they are benefitting from Digital Twin technologies:
- Hindalco Industries
- Jindal Stainless
- IdeaForge
- Electronics maker
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TCS, Reliance, Tech Mahindra and Ola Electric are using digital twin technologies in their various operations to optimise efficiency
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India's Trillion Dollar bet: India has earmarked over $1.4 Trillion for its National Infrastructure Pipeline.
Digital Twin tech is key:
- Enabling virtual design
- Construction sequencing, and
- Lifecycle management
Ensuring projects are delivered on time and on budget.
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Industries deploying Digital Twins and areas of benefits:
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Digital Twin Maturity Models for Technology providers.
5 stages of Twin Capability:
- Geometric twin
- Informative Twin
- Interactive Twin
- Autonomous Twin
- Predictive Twin
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IT and Geospatial companies are key beneficiaries of this shift. Some key players leading in providing digital twin services:
- Genesys International
- CE Info Systems
- L&T Technology Services
- Ceinsys Tech
- Tata Technologies
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