Potentials and challenges of the digital twin for product development: a systematic literature review

ABSTRACT:

Building and maintaining a digital twin requires considerable technical and financial effort. Thus, its economic viability depends on creating value across the full product lifecycle to balance the initial costs. Therefore, this study examines what potentials and challenges arise from the use of the Digital Twin throughout the product lifecycle with regard to its benefits for product development, using a systematic literature review. The identified factors were clustered and mapped to key components, highlighting the strengths and weaknesses of the individual components of the digital twin.