Industrial digital twins spend $ 4.6 billion worldwide in 2022


NEW YORK, 29 Dec 2021 / PRNewswire / – In its new white paper, 70 Technology Trends That Will – And Not – Shape 2022, analysts at ABI Research identify 35 trends that will shape the technology market and 35 more that, while attracting huge amounts of speculation and commentary , less likely to move the needle in the next twelve months. “The impact of COVID-19 prevention measures, the transition from a pandemic to an endemic disease, and global political tensions are placing a heavy burden on the fate of the coming year. This whitepaper is a tool for our readers to mold their understanding of key critical trends “that are expected to occur in 2022 as the world emerges from the shadow of COVID-19. It also highlights the much-touted trends that are less likely to have a significant impact in 2022, “says Stuart Carlaw, Chief Research Officer at ABI Research.

What will happen in 2022:

Rise of the digital twin marketplaces
Manufacturers need a range of skills to provide digital twins, including computer-aided design (CAD) modeling, connectivity, cloud computing, Industrial Internet of Things (IIoT) software platforms, remote monitoring, workshop worker hardware (tablets, AR glasses ), physics-based simulation, ML and system integration. Because digital twins are not a technology, but a compilation of solutions that aim to connect the physical and the digital world from construction to simulation, production, assembly to after-sales service and support. In recent years, digital twins have moved from concept to mainstream using IIoT dashboards and real-time reporting. This level of maturity was accompanied by new thinking constructs, such as the use and implementation of AI on a large scale, changing requirements such as the need for model libraries and standardization bodies and the soon emergence of marketplaces for digital twins that enable independent software vendors (ISVs and other third parties, to develop relevant tools for the ecosystem. These tools are essential for the continuous creation of value and the broader democratization and adoption of digital twins. The spending on industrial digital twins is managed by $ 4.6 billion in 2022 to $ 33.9 billion in 2030 with an average annual growth rate (CAGR) of 28%.

What will not happen in 2022:

5G will not penetrate the production line
away July 2021, there were 84 locations with publicly announced provision of a private cellular network (4G / 5G). All work in large corporations and facilities, including examples such as ABB, Airbus, BASF, Daimler AG, Ford, Haier, Konecranes, and Nippon Steel. While important, current deployments are mostly used as campus networks or in a laboratory or intermediate production development center for non-industrial production applications. The standard work of 3GPP and 5G-ACIA drives the introduction and use of the technology further; however, the device ecosystem and implementation / management functions lag behind. There is also a question of relevance: two thirds of the manufacturers employ fewer than 20 people. In its current form, working with and testing 5G in manufacturing benefits large companies / factories with the R&D capital to test and learn. These larger companies and locations have started assessing the costs and benefits of various deployment scenarios (a major advance); However, 5G will not be used for large-scale, production-critical applications until 2024.

For more trends that will – and will not – occur in 2022, download the white paper 70 Technology Trends That Will – and Will Not – Shape 2022.

About ABI Research
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SOURCE ABI research

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