Mentions of robotics inside of the filings of firms in the automotive field rose 65% among the 2nd and third quarters of 2021.
In overall, the frequency of sentences relevant to robotics in between Oct 2020 and September 2021 was 55% greater than in 2016 when GlobalData, from whom our details for this write-up is taken, initial started to track the vital difficulties referred to in business filings.
When organizations in the automotive sector publish yearly and quarterly reviews, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces struggling with businesses in the coming several years. Robotics is a single of these matters – firms that excel and make investments in these locations are imagined to be much better well prepared for the foreseeable future enterprise landscape and better geared up to endure unexpected worries.
To evaluate no matter whether robotics is showcasing far more in the summaries and strategies of providers in the automotive marketplace, two steps have been calculated. First of all, we appeared at the percentage of organizations which have described robotics at the very least the moment in filings all through the previous twelve months – this was 49% in contrast to 33% in 2016. Secondly, we calculated the share of full analysed sentences that referred to robotics.
Of the 50 major companies in the automotive market, Yamaha Motor Co Ltd was the corporation which referred to robotics the most in between October 2020 and September 2021. GlobalData determined 75 robotics-similar sentences in the Japan-dependent company’s filings – 1.3% of all sentences. Denso Corp mentioned robotics the 2nd most – the situation was referred to in .6% of sentences in the firm’s filings. Other leading companies with substantial robotics mentions included Bridgestone Corp, Schaeffler AG and Kia Corp.
Across all businesses in the automotive industry the filing revealed in the third quarter of 2021 which exhibited the biggest concentration on robotics arrived from Yamaha Motor Co Ltd. Of the document’s 1,264 sentences, 43 (3.4%) referred to robotics.
This evaluation presents an approximate indication of which organizations are focusing on robotics and how important the concern is regarded in just the automotive industry, but it also has limits and should really be interpreted diligently. For instance, a business mentioning robotics extra on a regular basis is not necessarily evidence that they are utilising new strategies or prioritising the concern, nor does it indicate no matter if the firm’s ventures into robotics have been successes or failures.
In the very last quarter, organizations in the automotive marketplace primarily based in Asia were being most possible to point out robotics with .1% of sentences in firm filings referring to the concern. In contrast, corporations with their headquarters in the United States mentioned robotics in just .02% of sentences.