The global automotive industry experienced a 35% decline in the number of batteries-related patent applications in Q2 2023 compared with the previous quarter. The total number of batteries-related grants dropped by 31% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Batteries – Thematic Research report provides an overview of the batteries market in terms of market size and expected growth up to 2030, its potential impact on different sectors, key alternative batteries and the competitive landscape. Buy the report here.
Notably, the number of batteries-related patent applications in the automotive industry was 4,484 in Q2 2023, versus 6,879 in the prior quarter.
The top five companies accounted for 23% of patenting activity
Analysis of patenting activity by companies shows that LG filed the most batteries patents within the automotive industry in Q2 2023. The company filed 426 batteries-related patents in the quarter, compared with 868 in the previous quarter. It was followed by Contemporary Amperex Technology with 291 batteries patent filings, Panasonic (165 filings), and Porsche Automobil Holding (67 filings) in Q2 2023.
Patenting activity was driven by the US with a 31% share of total patent filings
The largest share of batteries related patent filings in the automotive industry in Q2 2023 was in the US with 31%, followed by China (30%) and Japan (5%). The share represented by the US was 3% higher than the 28% share it accounted for in Q1 2023.
For further understanding of GlobalData's Batteries - Thematic Research buy the report here.