As of 2022, the global market for digital twins was valued at And experts estimate an impressive annual growth rate of 37.5% from 2023 to 2030. $11.12 billion. Digital twins help connect the physical and virtual worlds, which means we can predict when things need fixing, work more efficiently, and create less waste. So, embracing the potential of digital twins is a crucial move as the logistics sector steps into the new Industry 4.0 era.
You can use this technology during product development to provide feedback or as a standalone prototype to predict what might happen once you create the physical version. What Are the Use Cases of Digital Twin in Logistics? Warehouse Management A digital twin model provides up-to-the-minute insights into all activities within the warehouse.