Automobile Industry Set to Invest Over US$188 Billion in Digitalization by 2033 to Ensure a Seamless EV Transition and Production Scaling
A new report from global technology intelligence firm ABI Research forecasts that automobile manufacturers will spend US$83.3 billion on digital technologies in 2023, growing by a CAGR of 8.5% to surpass US$188 billion in 2033.
- A new report from global technology intelligence firm ABI Research forecasts that automobile manufacturers will spend US$83.3 billion on digital technologies in 2023, growing by a CAGR of 8.5% to surpass US$188 billion in 2033.
- "The transfer to EVs is driving demand for software, as manufacturers need to design new vehicles and simulate the vehicles' performance.
- This report is part of the company's Industrial and Manufacturing Markets research service, which includes research, data, and ABI Insights.
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