Automotive Sector Leads Industrial Digital Transformation Charge with US$238 Billion Investment, Followed by Electronics, Oil & Gas, and FMCG
The automotive sector is the biggest spender on digital transformation. In its latest whitepaper, 4 Key Industries Embracing Industry 4.0, global technology intelligence firm ABI Research forecasts that this sector’s spend on Industry 4.0 technologies will approach US$100 billion in 2022 and grow to over US$238 billion in 2030. The main reason for this is that OEMs and their suppliers need to adjust for the move away from the internal combustion engine to electric powertrains.
“The automotive industry is not alone in its digital transformation acceleration,” says Ryan Martin, Industrial and Manufacturing Markets Research Director at ABI Research. “Industry 4.0 – also known as smart manufacturing, connected manufacturing, the Industrial Internet of Things, and other monikers – has revolutionized the way companies manufacture, enhance, and distribute products using new technologies.”
Michael Larner, Industrial and Manufacturing Markets Research Director at ABI Research, adds, “This transformation is not just limited to the manufacturing sector, it has begun shaping other industries and markets throughout the globe.”
4 Key Industries Embracing Industry 4.0 whitepaper explores the state of Industry 4.0 in four key markets:
- Automotive
- Electronics & High Technology
- Oil & Gas
- Fast-Moving Consumer Goods
To discover the drivers and inhibitors that are shaping the adoption of digital technologies across market maturity, practitioners’ investment priorities, and best practices for deploying the technologies, download the whitepaper, 4 Key Industries Embracing Industry 4.0.
This report is part of the company’s Industrial and Manufacturing Markets research service, which includes insights, perspectives, and data relating to digital maturity within individual markets and across the industry landscape.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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