Altair, a leader in computational science and artificial intelligence (AI), has revealed results of an independent survey that shows a high adoption of digital twin technology in the automotive industry, and its expected growth as a means of achieving sustainability objectives. The global survey was conducted in 10 countries with over 2,000 professionals in several industries to gauge digital twin technology adoption and assess how organisations are utilising it, its business benefits, and impact on sustainability initiatives.
“Between consumer demand, government expectations, and global emissions targets, the race is on for automakers to keep EV production on track,” said Dr. Royston Jones, senior vice president of automotive, Altair. “This report’s findings show the importance of digital twin technology in achieving those goals. While many have already adopted this technology into their processes, there is still tremendous room for education on the benefits that will lead to a rapid expansion of its use across the industry and beyond.”
Among the 11 industries surveyed, the automotive industry is the 2nd leading adopter of digital twin technology behind only the heavy equipment sector. However, despite 76% of automotive respondents saying their companies have already adopted digital twin technology, automotive users appear to be at the early stages of adoption and are curious about its benefits and use cases. Only 35% of respondents consider themselves to be “highly knowledgeable about digital twin solutions,” the 2nd lowest percentage out of all industries surveyed.
Significantly, nearly all i.e. 92% automotive respondents who reported using digital twin technology said it has helped them create more sustainable products and processes. The automotive sector was also the most likely sector (63%) to use digital twin technologies to reach sustainability objectives. The advantage of digital twin technology is that it allows engineers to run simulations during the design process and test functions before going to prototype. This effectively helps reduce material waste as there is a reduction in the number of physical prototypes needed.
The push towards electric vehicles (EVs) which is seen as a major aspect in the fight to mitigate climate change and reduce carbon emissions, is also helping drive the automotive industry’s rapid transformation. Governments applying stricter regulations on emissions would also drive consumer interest and demand for EVs. Thus, digital twin technology can help the automotive industry bring more EVs to market at a faster rate and at affordable price points.
More key findings from the survey include:
- Cost reduction and better products: Nearly all respondents (97%) said digital twin solutions better inform the development of new products.
- Importantly, 70% of those who are using digital twin solutions reported it has significantly reduced maintenance and warranty costs.
- The automotive industry was the most likely to predict that digital twin solutions will improve the quality of products produced in the future (50%).
- 38% of automotive respondents said they believe digital twin technology will make physical prototyping obsolete within the next four years or sooner.
- Sustainable impact: An impressive 92% of automotive respondents said that digital twin technology has helped their organisations create more sustainable products and processes.
- 63% are using digital twin solutions to reach their sustainability objectives, and find it makes their products and services easier to refurbish and/or reuse (51%).
- 78% of respondents said the technology helps their organisation by generating energy savings and/or enabling the efficient use of resources.
- Desire for more education and adoption: While the data shows that digital twin technology is widely adopted within the automotive industry, there is also room for growth and a desire for more education.
- Of respondents whose organizations don’t currently use digital twin solutions, 22% expect they will do so in the next 6 months or less and 33% expect it in a year or more.
- 92% of non-senior leadership employees said they thought their leadership would be more likely to invest in digital twin technology if they better understood its benefits.
To learn more about Altair’s digital twin solutions, visit https://altair.com/digital-twin.