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US$70 Billion From Public EV Charging in 2030, a US$90 Billion Automotive Digital Tech Spend in 2028, and 36 Other Transformative Technology Stats You Need to Know

ABI Research’s latest whitepaper highlights 38 transformative technology stats you need to know for 2024 and beyond

28 Feb 2024

The technology community – both innovators and implementers – is at a critical juncture in 2024. Global market pressures are starting to ease, but persistent geopolitical threats are hindering progress. As a result, companies are under pressure to make the right near-term decisions to drive positive impact and ROI within their organizations.

In its new whitepaper, 38 Transformative Technology Stats You Need to Know for 2024, global technology intelligence firm ABI Research identifies key forecasts to help companies and organizations make winning, informed decisions that impact the near term to seize market shifts, choose the best technologies and partners, achieve quick wins, meet robust ROI requirements, and use technology for aggressive growth or to safeguard against geopolitical shocks.

“This paper provides a selection of forecasts from ABI Research that can help companies and organizations make contextual decisions with the benefit of rigorously produced hard data. The rapid rise of public EV charging revenue, huge growth in auto OEM’s spend on digital technologies, and a big bet on 60GHz radar sensors are just some of the many changes on the horizon of which companies and organizations must be aware to make mid-course corrections or complete roadmaps,” Stuart Carlaw, Chief Research Officer at ABI Research explains.

Some stats highlighted in the whitepaper include:

Electric Vehicles:

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Global revenue from public EV charging will grow to over US$70 billion in 2030. According to ABI Research Industry Analyst Dylan Khoo, “As we transition toward mass EV adoption, public charging will become more important and be responsible for a greater share of recharging. Direct Current Fast Chargers (DCFCs) will account for 73% of global public charging revenue despite making up only 29% of charge points. This is be­cause DCFCs deliver power at 50 Kilowatts (kW) to 400 kW, significantly faster than Alternating Current (AC) chargers, which are usually limited to 22 kW. This means they can deliver more energy in less time and, due to this convenience, allow operators to charge more per kWh.”

Industrial & Manufacturing Markets:

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