Patrick McMaster
October 9, 2024
This video is part of: Centre for the Fourth Industrial Revolution
Imagine building a massive ship with millions of parts. Traditionally, this would be a complex and time-consuming process. But the future of shipbuilding is arriving, and it's virtual.
The metaverse offers a groundbreaking solution: digital twins. Using AI, designers can create a photorealistic, virtual replica of the entire ship. This allows them to identify and fix any issues during the design phase, well before construction begins.
This technology, developed by Siemens and NVIDIA, holds immense potential for companies like HD Hyundai, a leader in sustainable shipping with low-emission hydrogen and ammonia-powered vessels.
It doesn't stop at design. By adding virtual weather conditions like waves or storms, engineers gain understand the ship's behavior and how it will look when built.
This "physics-based" testing significantly reduces errors and material waste, leading to major cost and time savings.
The future of shipbuilding is just a glimpse into the broader potential of the industrial metaverse. It's no surprise that 92% of US manufacturing executives are exploring its capabilities.
The industrial metaverse is poised to become a massive global market, projected to reach $100 billion by 2030. The potential for the "digital twin" market is even larger, with an estimated value of $183 billion by 2031.
Patrick McMaster
October 9, 2024
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