Automotive Sector Leads Industrial Digital Transformation Charge with US$238 Billion Investment, Followed by Electronics, Oil & Gas, and FMCG
market research
November 01, 2022
ABI Research's new whitepaper explores the four key markets being transformed by Industry 4.0
NEW YORK, Nov. 1, 2022 /PRNewswire/ -- 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 Researchforecasts 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 referred to 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 4.0whitepaper 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 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 Marketsresearch 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 delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
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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 visitwww.abiresearch.com.
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SOURCE ABI Research
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