The global automotive industry experienced a 36% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 200% year-on-year increase, according to GlobalData’s analysis of over 122 automotive company filings. GlobalData’s Automotive Predictions 2022 – Thematic Research report provides a detailed understanding of how IoT and the other key themes such as connected vehicles, shared mobility and cybersecurity impact the automotive industry. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of mobile and cloud, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified 45 internet of things-related sentences in the company's filings - 0.3% of all sentences - and an increase of 200% in Q2 2023 compared with Q2 2022. LKQ’s mentions of internet of things rose by 28% to 23 and Didi Global’s by 61% to 17 and Li Auto’s by 8% to 13 and Ford Motor’s by 1100% to 12.
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 internet of things in Q2 2023 was 113.
To further understand GlobalData's analysis on Automotive Predictions 2022 – Thematic Research, buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’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.
