Batteries have become a crucial component in the automotive sector, driving innovation and investment trends. Automotive companies are leveraging the latest patents to enhance battery performance, safety, and sustainability. Increased strategic deals drive automotive companies towards forefront battery advancements while witnessing growth in job postings, notably in sales and management roles within the sector. 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.
This article presents a quarterly round-up of the latest trends in the automotive industry regarding batteries. It provides an overview of recent developments in batteries-related deals, talent acquisition, and patent filings within the automotive industry.
Diverse applications of batteries in automotive industry
Automotive companies in the field of batteries are leveraging the latest patents to innovate and improve their businesses. One such patent is for a battery assembly vent valve with a breathable membrane, which allows airflow to bypass the membrane under gas pressure. This technology can enhance the safety and performance of battery assemblies in vehicles. Another patent is for cylindrical lithium-sulfur batteries, which have a jelly roll structure and parallel terminals. These batteries offer improved energy density and can be used in various applications. An electrochemical apparatus patent describes an improved electrode and electrolyte design, resulting in lower internal resistance and enhanced safety. Additionally, a battery module patent includes a cooling fin design and thermal conductive resin layer, improving heat dissipation and overall battery pack performance. Lastly, a method for regenerating cathode active material of waste secondary batteries using lactic acid is proposed, offering an eco-friendly solution for recycling battery materials. These patents provide automotive companies with valuable technologies and applications to advance battery performance, safety, and sustainability.
The industry experienced a 12% decline in the number of batteries-related patent applications in Q3 2023 compared with the previous quarter. On an annual basis, the number of batteries-related patent applications in the automotive industry witnessed a drop of 7% compared with Q3 2022.
Strategic deal trends in batteries in automotive industry
Automotive companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in batteries. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of batteries in the automotive industry.
In Q3 2023, the number of batteries-related deals in the automotive industry grew by 94% compared with Q3 2022. On a quarterly basis, there was 59% increase in the number of deals in Q3 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q3 2023, the automotive industry experienced a 8% growth compared with the previous quarter. On an annual basis, job postings also declined by 54%. Notably, Sales and Related Occupations, with a share of 37%, emerged as the top batteries-related job roles within the automotive industry in Q3 2023, with new job postings rising by 414% quarter-on-quarter. Management Occupations came in second with a share of 10% in Q3 2023, with new job postings rising by 105% over the previous quarter. The other prominent batteries roles include Architecture and Engineering Occupations with a 10% share in Q3 2023, and Installation, Maintenance, and Repair Occupations with a 10% share of new job postings.
Countries driving adoption of batteries in automotive industry
China is the leading country in batteries adoption within the automotive industry, boasting the highest number of batteries-related patents, jobs, and deals. Meanwhile, the US, South Korea, Japan and Canada also maintain significant positions in batteries adoption within the automotive industry.
In summary, the battery segment within the automotive industry showcases a nuanced landscape with fluctuations in patent applications and job postings. A notable surge in strategic deals signifies the growing importance of batteries in automotive innovation. Leading companies like Advance Auto Parts, Tesla, and AB Volvo are actively recruiting, while China leads in batteries adoption, supported by significant contributions from the US, South Korea, Japan, and Canada, shaping the industry's expansion and technological advancements.
To further understand GlobalData's analysis on batteries in the automotive industry, buy the report here.