- The market for digital twin technology, which creates digital products before they are built in the real world, is poised to grow more than 842% by 2025.
- One phenomenal tool that leverages this mega tech trend opportunity has already handed investors a 12% profit this year alone.
My heart skipped a beat.
Several years ago, my family and I were in the backstretch of our epic road trip. Suddenly, the “check engine” light on our rental car flashed a bright orange warning signal.
I was at the wheel, driving along an interstate highway in the middle of the Arizona desert — no gas station in sight. I quickly searched for a safe place to pull off the roadway.
I was dumbfounded.
I had no idea what the mechanical problem could be.
But, thanks to a great in-vehicle technology, I wasn’t stumped for long.
After a few minutes, I pushed a blue button on the car’s rearview mirror.
Within seconds, a comforting and pleasant voice filled the car’s cabin, asking how they could help.
You see, this car was equipped with OnStar, a technology initially launched by General Motors Co. in 1996.
Using a combination of analog mobile services and GPS tracking, the OnStar representative was able to perform a real-time diagnostic test of the car. They quickly identified the problem — a loose fuel cap.
A simple fix, and we were on our way.
It was a notable automotive industry feat at the time.
Fast forward to present day.
Right now, with the Internet of Things (IoT), there’s a preeminent technology that’s poised to transform not just the automotive industry, but all industries — including virtual reality (VR), artificial intelligence, machine learning, 3D simulation tools and Big Data analytics.
I’m talking about digital twin technology. And the market for it is positioned to grow more than 800% over the next five years. And I’ve found a phenomenal opportunity that will hand early investors a bundle by 2025.
Turn Virtual Reality Into Profit as It Steps Into the Physical World
Put simply, digital twin technology combines the virtual world with the physical world.
Deloitte Insights defined it best:
A digital twin is an … exact digital replica of a physical entity. The resulting digital avatar combines modeling and simulation with sensors and big data.
Using realistic digital models, product designers can quickly and inexpensively prototype new ideas and simulate a variety of what-if scenarios involving system interactions, product testing, and customer experience.
In other words: Digital twin technology creates products in the digital space before they are created in the real world.
Industries, from automotive to health care and aerospace to retail, are already employing digital twin technology.
The concept of digital twin technology is not new.
It was discovered in 2002.
However, with such a high price tag, digital twins were initially only used in the industries that created and/or maintained pricey, large-scale equipment.
That’s not the case today.
We have entered a new era of technology. It’s making almost everything more efficient.
Digital twin technology is now more cost-effective than ever. It’s available to companies across all industries.
Instead of investing large sums of money building physical equipment or complex processes, digital twins can simulate in real time using IoT-connected sensors.
Using my road trip mishap as a measure, digital twin technology can warn drivers of major car problems before they even happen.
For example, as seen in the below image from a Wipro Ltd. white paper, this technology can alert car owners that their crankshaft bearing will stop working months in advance — giving the owners enough time to replace the part before it malfunctions and leaves them stranded by the roadside.
In all, the surging demand for digital twin technology is palatable.
Grab One of the Biggest Under-the-Radar Investments of 2019
Digital twin technology is well positioned to touch every industry. It’s one of the most captivating under-the-radar investing concepts today.
A recent research report from MarketsandMarkets projects the digital twin market will skyrocket 842% by 2025 to $35.8 billion, from $3.8 billion this year.
This is a compound annual growth rate of 37.8%.
For now, the best way to play this new technology trend is to consider buying shares in the 3D Printing ETF (BATS: PRNT).
PRNT is an indirect way to invest in this new technology. This exchange-traded fund (ETF) holds notable shares in two digital twin companies.
The fund is up more than 12% since December, and I believe it is likely to go higher as digital twin technology grows more than eightfold over the next five or six years.
When a pure-play opportunity comes to market, I’ll let you know. But until then, lock in quick gains from this growing trend today.
Until next time,
Director of Investment Research, Banyan Hill Publishing
- Pandemic thriller Utopia on Amazon might be the perfect viewing
- 2021 Jaguar F-Pace refreshed with new styling, luxury and tech
- 2020 Halloween full moon: This year’s spooky spectacle brings a rare twist
- The best minimalist wallet for 2020
- NASA chief calls for prioritizing Venus after surprise find hints at alien life
- YouTube is adding a new Shorts feature to rival TikTok and Instagram Reels
- Paul Rudd, world’s youngest 51-year-old, tells fellow kids to mask up
- Jonathan Majors to join MCU as villain Kang the Conquerer, report says
- TikTok ban won’t prevent employees from being paid, US says in filing