Filings buzz in the automotive industry: 124% increase in robotics mentions in Q2 of 2021

Mentions of robotics inside the filings of corporations in the automotive business rose 124% among the very first and 2nd quarters of 2021.

In full, the frequency of sentences linked to robotics among July 2020 and June 2021 was 24% greater than in 2016 when GlobalData, from whom our data for this post is taken, initially began to track the key issues referred to in organization filings.

When organizations in the automotive marketplace publish annual and quarterly stories, ESG reports and other filings, GlobalData analyses the textual content and identifies personal sentences that relate to disruptive forces dealing with firms in the coming many years. Robotics is one particular of these subject areas – organizations that excel and spend in these areas are considered to be better organized for the future business landscape and far better equipped to survive unexpected worries.

To assess regardless of whether robotics is featuring more in the summaries and procedures of organizations in the automotive market, two actions were being calculated. For starters, we appeared at the percentage of providers which have pointed out robotics at the very least when in filings in the course of the previous twelve months – this was 49% in comparison to 25% in 2016. Next, we calculated the share of overall analysed sentences that referred to robotics.

Of the 50 greatest businesses in the automotive sector, Yamaha Motor Co Ltd was the enterprise which referred to robotics the most involving July 2020 and June 2021. GlobalData recognized 63 robotics-associated sentences in the Japan-based mostly company’s filings – .9% of all sentences. Denso Corp mentioned robotics the second most – the difficulty was referred to in .6% of sentences in the company’s filings. Other top businesses with superior robotics mentions incorporated Toyoda Gosei Co Ltd, JTEKT Corp and Bridgestone Corp.

Throughout all corporations in the automotive marketplace the submitting printed in the second quarter of 2021 which exhibited the greatest target on robotics came from Yamaha Motor Co Ltd. Of the document’s 1,459 sentences, 9 (.6%) referred to robotics.

This analysis supplies an approximate indication of which corporations are concentrating on robotics and how important the situation is considered within the automotive industry, but it also has limits and must be interpreted cautiously. For example, a organization mentioning robotics far more frequently is not always proof that they are utilising new methods or prioritising the difficulty, nor does it point out irrespective of whether the firm’s ventures into robotics have been successes or failures.

In the past quarter, organizations in the automotive business based in Asia were most likely to mention robotics with .09% of sentences in firm filings referring to the difficulty. In distinction, organizations with their headquarters in Western Europe talked about robotics in just .01% of sentences.

By Tara