Filings
Mentions of robotics increased by a CAGR of 21% in the automotive industry since 2020
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The global automotive industry experienced a 21% rise in compound annual growth rate (CAGR) in company filings mentions of robotics since 2020. Key companies in terms of mentions include Hyundai Motor, Yamaha Motor, and Workhorse Group, according to GlobalData’s analysis of over 600 automotive company filings.
Notably, since 2020, robotics was the most referenced theme in terms of mentions, ahead of artificial intelligence, internet of things (IoT) and digitalisation, according to GlobalData's Company Filings database. Mentions related to robotics increased by 33% year-on-year in 2021 and by 9% in 2022.
Top five companies by mentions of robotics in the global automotive industry since 2020
Of the 50 leading companies in the automotive industry, AEye had the highest year-on-year increase in references to robotics in 2022. GlobalData identified 12 robotics related sentences in the company's filings in 2022, 2% of all sentences. Meanwhile, UMW had the highest year-on-year increase in references for robotics in 2021. GlobalData identified 10 robotics related sentences in the company's filings in 2021, 2% of all sentences.
Company filings sentiment related to robotics in the global automotive industry since 2020
GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for robotics in 2022 was 0.91, which was more positive compared to the average industry sentiment of 0.64.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis;used to produce this article.
Global Data’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
