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

Regarding regions, "Latin America is forecast to be the fastest growing region (a CAGR of 9%) as OEMs scale digital investments across their facilities and invest in locations such as Mexico and Brazil. Meanwhile, in North America, Europe, the Middle East, and Africa (EMEA), investments will be driven by the transfer to EVs and competition among the OEMs' different plants for producing the new vehicle lineup," Larner concludes. Regarding regions, " Latin Americais forecast to be the fastest...

Regarding regions, "Latin America is forecast to be the fastest growing region (a CAGR of 9%) as OEMs scale digital investments across their facilities and invest in locations such as Mexico and Brazil. Meanwhile, in North America, Europe, the Middle East, and Africa (EMEA), investments will be driven by the transfer to EVs and competition among the OEMs' different plants for producing the new vehicle lineup," Larner concludes.

These findings are from ABI Research's Digital Transformation of Automobile Manufacturing application analysis report. 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.

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