Larner

Automobile Industry Set to Invest Over US$188 Billion in Digitalization by 2033 to Ensure a Seamless EV Transition and Production Scaling

Retrieved on: 
Thursday, November 16, 2023

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.

Key Points: 
  • 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.
  • Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

Automobile Industry Set to Invest Over US$188 Billion in Digitalization by 2033 to Ensure a Seamless EV Transition and Production Scaling

Retrieved on: 
Thursday, November 16, 2023

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.

Key Points: 
  • 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.
  • Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

Embracing Sustainability and Overcoming Shortages, Semiconductor Manufacturers' Digital Technology Investments Expected to Reach US$6.2 Billion by 2033

Retrieved on: 
Tuesday, July 11, 2023

It must navigate the imperative to minimize water consumption and reduce the reliance on chemicals in its manufacturing processes.

Key Points: 
  • It must navigate the imperative to minimize water consumption and reduce the reliance on chemicals in its manufacturing processes.
  • Global technology intelligence firm ABI Research forecasts that spending on digital technologies by semiconductor manufacturers will increase by a 9.6% Compound Annual Growth Rate (CAGR) over the next 10 years and reach US$6.2 billion in 2033.
  • "Complexities concerning the creation of the silicon wafers means that ramping up production is not as straightforward as other sectors.
  • Solutions from small innovative suppliers, such as Eyelit , Galaxy Semiconductor , and PEER Group , can help manufacturers control their operations.

Embracing Sustainability and Overcoming Shortages, Semiconductor Manufacturers' Digital Technology Investments Expected to Reach US$6.2 Billion by 2033

Retrieved on: 
Tuesday, July 11, 2023

It must navigate the imperative to minimize water consumption and reduce the reliance on chemicals in its manufacturing processes.

Key Points: 
  • It must navigate the imperative to minimize water consumption and reduce the reliance on chemicals in its manufacturing processes.
  • Global technology intelligence firm ABI Research forecasts that spending on digital technologies by semiconductor manufacturers will increase by a 9.6% Compound Annual Growth Rate (CAGR) over the next 10 years and reach US$6.2 billion in 2033.
  • "Complexities concerning the creation of the silicon wafers means that ramping up production is not as straightforward as other sectors.
  • Solutions from small innovative suppliers, such as Eyelit , Galaxy Semiconductor , and PEER Group , can help manufacturers control their operations.

Manufacturers Can No Longer Postpone Investments in Digital Technologies to Alleviate the Current Pressures

Retrieved on: 
Tuesday, August 30, 2022

LONDON, Aug. 30, 2022 /PRNewswire/ -- Global technology intelligence firm ABI Research evaluated the impact politics, regulation, the economy, supply chain, ESG, and technology are having on manufacturers of fast-moving consumer goods (FMCG), pharmaceuticals, producers of steel, chemicals, pulp and paper, as well as the mining and oil & gas sectors. 

Key Points: 
  • "Our assessment found that the FMCG sector is under pressure from all sides," says Michael Larner, Industrial & Manufacturing Research Director at ABI Research.
  • Supply shocks are raising input costs, and operating costs are rising with higher energy costs coupled with the pressure to pay higher wages and work sustainably.
  • "We all hoped that with the rollout of COVID vaccines, the world would return to 'normal'," Larner continues.
  • Manufacturers can no longer postpone investments in digital technologies.

Manufacturers Can No Longer Postpone Investments in Digital Technologies to Alleviate the Current Pressures

Retrieved on: 
Tuesday, August 30, 2022

LONDON, Aug. 30, 2022 /PRNewswire/ -- Global technology intelligence firm ABI Research evaluated the impact politics, regulation, the economy, supply chain, ESG, and technology are having on manufacturers of fast-moving consumer goods (FMCG), pharmaceuticals, producers of steel, chemicals, pulp and paper, as well as the mining and oil & gas sectors. 

Key Points: 
  • "Our assessment found that the FMCG sector is under pressure from all sides," says Michael Larner, Industrial & Manufacturing Research Director at ABI Research.
  • Supply shocks are raising input costs, and operating costs are rising with higher energy costs coupled with the pressure to pay higher wages and work sustainably.
  • "We all hoped that with the rollout of COVID vaccines, the world would return to 'normal'," Larner continues.
  • Manufacturers can no longer postpone investments in digital technologies.

In 2030, Manufacturing and Industrial Facilities Will Have Over 49 Million 5G Connections, Generating US$2.4 Billion in Connections Revenue for Suppliers

Retrieved on: 
Thursday, August 18, 2022

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Network upgrades can underpin the efforts of manufacturers to automate quality assurance (QA) processes, deploy Autonomous Mobile Robots (AMRs) inside the facility, and upskill employees with the use of Augmented Reality. Lower latency and support for Time-Sensitive Networking (TSN) afforded by a 5G network can further enable wireless process automation for robotics use cases and increase bandwidth support for data-heavy applications, such as video analytics. According to new research from global technology intelligence firm ABI Research, in 2030, manufacturing and industrial firms worldwide will have more than 49 million 5G connections inside their facilities, which will generate US$2.4 billion in global connections revenue for suppliers.

Key Points: 
  • According to new research from global technology intelligence firm ABI Research, in 2030, manufacturing and industrial firms worldwide will have more than 49 million 5G connections inside their facilities, which will generate US$2.4 billion in global connections revenue for suppliers.
  • "Progressive advancements to network performance (from Wi-Fi to Long Term Evolution (LTE), and from LTE to 5G) can underpin improvements to customers' operations.
  • Suppliers need to showcase the attributes of a 5G network and prove how a 5G network can upgrade operations.
  • This report is part of the company's Industrial and Manufacturing research service, which includes research, data, and ABI Insights.

In 2030, Manufacturing and Industrial Facilities Will Have Over 49 Million 5G Connections, Generating US$2.4 Billion in Connections Revenue for Suppliers

Retrieved on: 
Thursday, August 18, 2022

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Network upgrades can underpin the efforts of manufacturers to automate quality assurance (QA) processes, deploy Autonomous Mobile Robots (AMRs) inside the facility, and upskill employees with the use of Augmented Reality. Lower latency and support for Time-Sensitive Networking (TSN) afforded by a 5G network can further enable wireless process automation for robotics use cases and increase bandwidth support for data-heavy applications, such as video analytics. According to new research from global technology intelligence firm ABI Research, in 2030, manufacturing and industrial firms worldwide will have more than 49 million 5G connections inside their facilities, which will generate US$2.4 billion in global connections revenue for suppliers.

Key Points: 
  • According to new research from global technology intelligence firm ABI Research, in 2030, manufacturing and industrial firms worldwide will have more than 49 million 5G connections inside their facilities, which will generate US$2.4 billion in global connections revenue for suppliers.
  • "Progressive advancements to network performance (from Wi-Fi to Long Term Evolution (LTE), and from LTE to 5G) can underpin improvements to customers' operations.
  • Suppliers need to showcase the attributes of a 5G network and prove how a 5G network can upgrade operations.
  • This report is part of the company's Industrial and Manufacturing research service, which includes research, data, and ABI Insights.

The Steel Industry Will Be Investing US$6 Billion Per Annum in Digital Transformation by 2030

Retrieved on: 
Thursday, June 16, 2022

LONDON, June 16, 2022 /PRNewswire/ -- The steel industry generates contrasting views. For some it is a vital component for the construction and transportation industries, while for others is somewhat of a pariah as steelmaking requires large quantities of coke and coal for the blast furnaces. According to a new analysis by global technology intelligence firm ABI Research, steel manufacturer's investment into digital transformation will grow at a CAGR of 10.9% between 2022 and 2031, reaching US$5.9 billion. Investment into data analytics to optimize the steel production process will to worth up to US$2.9 billion in 2031. Bolstering the data flows will be investment into industrial device and applications, fortified by security expenditures, both seeing fair growth by CAGR 5.9% and 8.4% respectively.

Key Points: 
  • According to a new analysis by global technology intelligence firm ABI Research, steel manufacturer's investment into digital transformation will grow at a CAGR of 10.9% between 2022 and 2031, reaching US$5.9 billion.
  • Investment into data analytics to optimize the steel production process will to worth up to US$2.9 billion in 2031.
  • And, digital twins should encompass the three perspectives," explains Michael Larner, Industrial and Manufacturing Research Director at ABI Research.
  • These findings are from ABI Research's Industry 4.0 in the Steel Industry application analysis report.

The Steel Industry Will Be Investing US$6 Billion Per Annum in Digital Transformation by 2030

Retrieved on: 
Thursday, June 16, 2022

LONDON, June 16, 2022 /PRNewswire/ -- The steel industry generates contrasting views. For some it is a vital component for the construction and transportation industries, while for others is somewhat of a pariah as steelmaking requires large quantities of coke and coal for the blast furnaces. According to a new analysis by global technology intelligence firm ABI Research, steel manufacturer's investment into digital transformation will grow at a CAGR of 10.9% between 2022 and 2031, reaching US$5.9 billion. Investment into data analytics to optimize the steel production process will to worth up to US$2.9 billion in 2031. Bolstering the data flows will be investment into industrial device and applications, fortified by security expenditures, both seeing fair growth by CAGR 5.9% and 8.4% respectively.

Key Points: 
  • According to a new analysis by global technology intelligence firm ABI Research, steel manufacturer's investment into digital transformation will grow at a CAGR of 10.9% between 2022 and 2031, reaching US$5.9 billion.
  • Investment into data analytics to optimize the steel production process will to worth up to US$2.9 billion in 2031.
  • And, digital twins should encompass the three perspectives," explains Michael Larner, Industrial and Manufacturing Research Director at ABI Research.
  • These findings are from ABI Research's Industry 4.0 in the Steel Industry application analysis report.