It is crucial that the aerospace industry:
Improve the safety and training of employees : there is an aging workforce in the space industry and bringing in a new generation of talent is imperative.
Innovate, prototype, and test quicker and more efficiently : Space is getting crowded. There is increased competition between traditional players in the global space ecosystem and new private industry players. Speed to market is very important, now more than ever.
Improve decision making in mission critical situations : better decisions based on data that can be trusted is key to success in a crowded and increasingly competitive global space industry.
Reduce downtime and costly equipment failures : every minute of downtime due to equipment failure in the space industry is extremely costly and can jeopardize reputations.
Optimize processes across the ecosystem: The space industry is often seen as a cost center and funding remains a key challenge so identifying inefficiencies and improving them is vitally important.
More and more, the space industry is turning to digital twin technologies to provide a digital model of physical assets, processes, or systems.