The global consumer industry experienced a 63% drop in company filings mentions of robotics in Q3 2023 compared with the previous quarter, with the highest share accounted for by LG Electronics, according to GlobalDataâ€™s analysis of over 28 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the consumer industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, robotics was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of health & wellness and experience economy, according to GlobalData.
Of the top leading companies in the consumer industry, LG Electronics had the greatest increase in references for robotics in Q3 2023, compared with the previous quarter. GlobalData identified 11 robotics-related sentences in the company's filings - 0.6% of all sentences - and remained flat of 0% in Q3 2023 compared with Q3 2022. ITCâ€™s mentions of robotics dropped by 67% to 1.
GlobalDataâ€™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 Q3 2023 was 92.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q3 2023, buy the report here.