The global automotive industry experienced a 35% decline in the number of artificial intelligence-related patent applications in Q3 2024 compared with the previous quarter. The total number of artificial intelligence-related grants dropped by 1% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Automotive: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of artificial intelligence-related patent applications in the automotive industry was 9,481 in Q3 2024, versus 14,588 in the prior quarter.
The top five companies accounted for 7% of patenting activity
Analysis of patenting activity by companies shows that Robert Bosch Stiftung filed the most artificial intelligence patents within the automotive industry in Q3 2024. The company filed 173 artificial intelligence-related patents in the quarter, compared with 180 in the previous quarter. It was followed by Alphabet with 139 artificial intelligence patent filings, Microsoft (117 filings), and Toyota Motor (104 filings) in Q3 2024.
Patenting activity was driven by China with a 35% share of total patent filings
The largest share of artificial intelligence related patent filings in the automotive industry in Q3 2024 was in China with 35%, followed by the US (26%) and Japan (4%). The share represented by China was 13% lower than the 48% share it accounted for in Q2 2024.
For further understanding of GlobalData's Automotive: Patents Trends Q3 2024, buy the databook here.
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