Mentions of robotics in automotive company filings increased by 65% between the second and third quarters of 2021.
In total, the frequency of robotics-related convictions between October 2020 and September 2021 was 55% higher than in 2016 when GlobalData, from which our data comes from for this article, began tracking the top issues mentioned in the filings by businesses.
When companies in the automotive industry publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces companies will face in the years to come. Robotics is one such topic – companies that excel and invest in these areas are seen as better prepared for the future business landscape and better equipped to overcome unforeseen challenges.
To assess whether robotics is more present in the summaries and strategies of companies in the automotive industry, two measures were calculated. First, we looked at the percentage of companies that mentioned robotics at least once in their filings over the last twelve months – it was 49% compared to 33% in 2016. Second, we calculated the percentage of total sentences analyzed that referred to robotics.
Among the 50 largest employers in the automotive industry, Yamaha Motor Co Ltd is the company that made the most references to robotics between October 2020 and September 2021. GlobalData identified 75 robotics-related phrases in filings by the Japan-based company, or 1.3% of all phrases. . Denso Corp mentioned robotics second – the issue was mentioned in 0.6% of sentences in company filings. Bridgestone Corp, Schaeffler AG, and Kia Corp are other top employers with high robotics endorsements.
Of all companies in the automotive industry, the file released in Q3 2021 that placed the most emphasis on robotics came from Yamaha Motor Co Ltd. Of the 1,264 sentences in the document, 43 (3.4%) referred to robotics.
This analysis provides a rough indication of which companies are focusing on robotics and how big the problem is in the automotive industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions robotics more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s businesses in the field of robotics have been successes or failures.
Last quarter, Asia-based auto companies were the most likely to mention robotics with 0.1% of phrases in company filings referencing the issue. In contrast, companies headquartered in the United States only mentioned robotics in 0.02% of sentences.