The global automotive industry experienced a 14% decline in the number of blockchain-related patent applications in Q2 2024 compared with the previous quarter. The total number of blockchain-related grants dropped by 12% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Automotive: Patents Trends Q2 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.
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Notably, the number of blockchain-related patent applications in the automotive industry was 170 in Q2 2024, versus 198 in the prior quarter.
The top five companies accounted for 28% of patenting activity
Analysis of patenting activity by companies shows that Toyota Motor filed the most blockchain patents within the automotive industry in Q2 2024. The company filed 20 blockchain-related patents in the quarter, compared with 13 in the previous quarter. It was followed by Ford Motor with 8 blockchain patent filings, State Farm Mutual Automobile Insurance (7 filings), and Scalar (6 filings) in Q2 2024.
Patenting activity was driven by the US with a 48% share of total patent filings
The largest share of blockchain related patent filings in the automotive industry in Q2 2024 was in the US with 48%, followed by China (11%) and Germany (4%). The share represented by the US was 4% higher than the 44% share it accounted for in Q1 2024.
For further understanding of GlobalData's Automotive: Patents Trends Q2 2024, 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.
