Mentions of industrial automation in the documents of automotive companies in 2021 were 17% higher than in 2016, according to the latest analysis of GlobalData data.
When companies in the automotive industry publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual proposals related to the destructive forces facing companies in the coming years. Industrial automation is one such topic – companies that have succeeded and invested in these areas are considered better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether industrial automation is more included in the resumes and strategies of companies in the automotive industry, two indicators were calculated. First, we looked at the percentage of companies that have at least once mentioned industrial automation in statements over the last twelve months – that’s 80% compared to 70% in 2016. Second, we calculated the percentage of the total number of judgments analyzed that related to industrial automation.
Of the 10 largest employers in the automotive industry in 2021, Denso was the company that most often turned to industrial automation. GlobalData identified 14 sentences related to industrial automation in the documents of the Japanese company – 0.3% of all sentences. Stelantis called industrial automation in second place – this issue was also mentioned in 0.3% of proposals in the company’s documents. Other leading employers with high industrial automation include Continental, Lear and Mercedes-Benz.
In all automotive companies, documents published in the fourth quarter of 2021, in which the greatest focus was on industrial automation, came Denso. Of the 1,679 document proposals, 14 (0.8%) concerned industrial automation.
This analysis gives a rough idea of which companies are focusing on industrial automation and how important the issue is in the automotive industry, but it also has limitations and needs to be explained carefully. For example, a company that frequently mentions industrial automation does not necessarily indicate that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s ventures in industrial automation have had successes or failures.
In the last quarter, automotive companies based in Western Europe most often mentioned industrial automation: 0.2% of sentences in company documents relating to the issue. In contrast, companies headquartered in the United States mentioned industrial automation in only 0.09% of proposals.