DUBLIN--(BUSINESS WIRE)-- The "Automotive Industrial Internet of Things (IIoT) Growth Insights" report has been added to ResearchAndMarkets.com's offering.

OEMs are the primary adopters of Industry 4.0. However, automotive suppliers are trailing behind in adopting smart factories due to lack of leadership commitments, lack of understanding of potential use cases, and limited budget allocation. It is essential for automotive suppliers to catch up on digital initiatives; if not, additional expenses will be incurred at OEM production facilities, which would jeopardize benefits across the ecosystem. Suppliers should identify compelling business cases and demonstrate their value through pilot programs in order to attract funding and bridge the significant investment gap.

OEMs and suppliers can achieve significant operational cost benefits throughout the automotive value chain by adopting IIoT. Smart factories are anticipated to increase labor productivity, improve process efficiency, enable mass customization, identify value-add services and provide optimization opportunities for automotive manufacturers. Companies such as BMW, Audi and Daimler have significantly invested in digitization initiatives across different manufacturing process, right from design to vehicle production.

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Methodology, And Background

3. IIoT In Automotive Manufacturing

4. Growth Opportunities And Companies To Action

5. The Last Word

6. Appendix

Companies Featured

• BMW
• GM
• Audi
• Daimler

For more information about this report visit https://www.researchandmarkets.com/research/6vrfz2/global_automotive?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181024005461/en/

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