The global automotive industry experienced a 10% decline in patent filings in Q4 2023 compared with the previous quarter. The total number of grants dropped by 10%, resulting in overall patent publications decreasing by 10.9%, according to GlobalData’s Patent Analytics. GlobalData’s databook Automotive: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of patent applications in the automotive industry was 107,940 in Q4 2023, versus 121,133 in the prior quarter. Filings were down 12% year-on-year and decrease 10% quarter-on-quarter. This compares to a 12% year-on-year decrease in patent grants and 10% decline in quarter-on-quarter.
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Toyota Motor with 3,152, followed by Robert Bosch Stiftung with 2,311 and Honda Motor with 1,797.
Patenting activity was driven by China with a 39% share of total patent filings
The largest share of patent filings in the automotive industry in Q4 2023 was in China with 39%, followed by the US (17%) and Japan (9%). The share represented by China was 7% lower than the 46% share it accounted for in Q3 2023.
For further understanding of GlobalData's Automotive: Patents Trends Q4 2023, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
