The global consumer industry experienced a 62% drop in company filings mentions of robotics in Q2 2023 compared with the previous quarter, with the highest share accounted for by LG Electronics with 700% year-on-year increase, according to GlobalData’s analysis of over 55 consumer company filings. GlobalData’s Tech in Consumer Goods reports offer comprehensive insights into the integration of technology in the consumer goods market, including AI, automated home, and cybersecurity. Buy the report here.
Notably, robotics was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of blockchain and social, according to GlobalData.
Of the top leading companies in the consumer industry, LG Electronics had the greatest increase in references for robotics in Q2 2023, compared with the previous quarter. GlobalData identified eight robotics-related sentences in the company's filings - 3% of all sentences - and an increase of 700% in Q2 2023 compared with Q2 2022. Ambev’s mentions of robotics dropped by 50% to 1 and Tyson Foods’s by 50% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for robotics in Q2 2023 was 97.
To further understand GlobalData's analysis on Tech in Consumer Goods – Report Bundle, buy the report here.