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RESEARCH REPORT

State of Smart Manufacturing Report 2024: Automotive Edition

Explore what’s trending in smart manufacturing for the Automotive industry

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Technology Investment Accelerating

Despite internal budget constraints, automotive firms have increased investment in technology by more than one-third; a higher-than-average rate when compared to the aggregated industry responses in this survey.

Focus on Mitigating Risk

Cybersecurity risks and rising energy costs are the top external barriers to growth for automotive firms, followed by inflation. Adoption of smart technology and AI is seen by automotive manufacturers as the best way to mitigate against both external and internal risks.

Driving Toward Connectivity and Efficiency

Automotive manufacturers are generating the most ROI from investments that create improved connectivity and efficiency in the plant, such as 5G, manufacturing execution systems (MES) and programmable logic controllers (PLC).

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Hear from Automotive manufacturers across the globe

Explore how the Automotive industry is harnessing emergent technology to reduce risk, generate growth and maximize workforce potential.

97%

are using or evaluating smart manufacturing technology

ROI5G and MES topped the list for technology that drives the greatest ROI

89%

have a sustainability / ESG policy in place

Cybersecuritywas ranked as the biggest external obstacle for automotive manufacturers

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We are pleased to share these results with you and hope that this global benchmark report provides a guide for successful decision making throughout 2024.

Blake Moret - CEO of Rockwell Automation

State of Smart Manufacturing Report 2024:
Automotive Edition

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