Auto Industry Leads In Digital Transformation Investments

December 2, 2022
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Photo by Lenny Kuhne on Unsplash

Photo by Lenny Kuhne on Unsplash


The auto-industry continues to lead other major manufacturing sectors in the adoption of Industry 4.0. A recent study from ABI Research found the auto-industry spent over $100 billion on Industry 4.0 technologies in 2022. The number is expected to surge to $238 billion in 2030.

The auto industry is leading major sectors of manufacturing that are embracing digital transformation for their own reasons and at different paces. The global automotive sector has become the biggest spender on digital transformation, ABI Research’s latest study found, forecasting that the industry will invest nearly $100 billion this year and more than $238 billion annually by 2030 in its transformation to electric vehicles from internal-combustion powertrains.

Automakers need software to design new types of vehicles and work with Tier One parts suppliers to assure performance requirements and the demands of mass customization, while the OEMS will need to transition production to the new types of vehicles without harming production volumes, ABI said.

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