Chapter 1. Introduction 1. Background and Purpose (1) Background (2) Purpose 2. Scope and Methodology (1) Industrial Study Scope (2) Methodology and Differentiation Chapter 2. Advent of the Smart Era and Theoretical Background of Industrial Capability Consolidation 1. Transition to the Smart Era, and Concept of Being Smart (1) Advent of the Smart Era, and Its Industrial Implications (2) Concept of Smartization 2. Theoretical Review of the Industrial Capabilities for Coping with the Smart Era (1) Consideration of Industrial Competitiveness Impact Factors (2) Resource-based and Network Theories (3) Intangible Assets as Differentiated Resources 3. Analysis Framework for Seeking Investment Strategy Directions in Smart Era (1) Overview of the Basic Analysis Framework (2) Components in Each Sector 4. Shift of the Industrial Investment Concept in the Smart Era 5. Characteristics and Importance of the Investment Concept (1) Smartization Concept Comparison in the Industries (2) Detailed Concept of Smartization in Each Industry Chapter 3. Investment Strategy Recognition and Empirical Analysis 1. Change in Investment Recognition by Smartization-related Firms (1) Overview and Composition of the Questionnaire Survey (2) Firm Recognition of the Importance of Investment Sectors in Coping with Smartization 2. Empirical Analysis Models and Questionnaire Composition (1) Overview of Empirical Analysis Models (2) Composition of Economic Metric Variables 3. Empirical Analysis of the Ordered Probit Model (1) Basic Statistics of the Variables (2) Impacts of Investments’ Competitiveness Dissemination by Detailed Item: Ordered Probit Estimation Results 4. Empirical Analysis of the Multivariate Probit Model (1) Basic Statistics of the Variables (2) Investment Directions to Cope with the Smart Era: Multivariate Probit Estimation Results 5. Sub-conclusion on the Empirical Analysis Estimation Results Chapter 4. Investment Shift Directions of Major Industries and Policy Demand in the Smart Era 1. Automotive Industry (1) The Automotive Industry’s Smartization Capability Importance and Investment Concept Change (2) The Direction of Firm Investment to Cope with Smartization (3) Investment Cases and Investment-Intensive Sectors for Industrial-Smartization Promotion (4) Step-by-step Policy Demand to Promote Investment in the Smart Era 2. Machinery Industry (1) Importance of Smartization Capabilities in the Machinery Industry, and Investment Concept Change (2) Firms’ Investment Directions to Cope with Being Smart (3) Investment Cases and Insensitive Investment Sectors for Industrial-Smartization Promotion (4) Step-by-step Policy Demand to Promote Investment in the Smart Era 3. Electronics Industry (1) Importance of the Electronics Industry’s Smartization Capabilities, and Investment Concept Change (2) Firms’ Investment Directions to Cope with Being Smart (3) Investment Cases and Investment-intensive Sectors for Industrial-Smartization Promotion (4) Step-by-step Policy Demand to Promote Investment in the Smart Era 4. Comparison of Major Industries’ Strategies to Cope with Being Smart, and Implications (1) Comparison of the Smartization Directions of Each Industry (2) Core Capabilities of and Policy Demand to Cope with Smartization (3) Implications Chapter 5. Investment Strategies for Consolidating Industrial Capabilities in the Smart Era 1. Basic Direction: Securing Industrial-Development Opportunities the Smart Era 2. Policy Tasks to Promote Investment to Cope with the Smart Era (1) Sectors for Strategic Investment Consolidation in Major Industries (2) Strategies for Coping with Smartization in Each Industry (3) Strategies for Coping with Smartization by Sector 3. Policy Responses by Industry to Promote Investment in the Smart Era (1) Automotive Industry (2) Machinery Industry (3) Electronics Industry