The automotive sector is witnessing a pivotal shift driven by innovations in battery technologies. While there’s been a decline in patent applications, strategic investments highlight the growing importance of batteries, shaping the future of automotive electrification. Amidst fluctuating trends, substantial job postings underscore the demand for battery-related roles, with sales and management positions emerging prominently. GlobalData’s batteries market report provides comprehensive analysis of the market. Buy the report here.
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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.
The industry experienced an 18% decline in the number of batteries-related patent applications in Q1 2024 compared with the previous quarter. On an annual basis, the number of batteries-related patent applications in the automotive industry witnessed a drop of 4% compared with Q1 2023.
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 Q1 2024, the number of batteries-related deals in the automotive industry grew by 10% compared with Q1 2023. On a quarterly basis, there was 3% increase in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the automotive industry experienced a 183% growth compared with the previous quarter. On an annual basis, job postings also declined by 34%. Notably, sales and related occupations, with a share of 64%, emerged as the top batteries-related job roles within the automotive industry in Q1 2024, with new job postings rising by 1139% quarter-on-quarter. Management occupations came in second with a share of 5% in Q1 2024, with new job postings rising by 102% over the previous quarter. The other prominent batteries roles include architecture and engineering occupations with a 5% share in Q1 2024, and installation, maintenance, and repair occupations with a 4% share of new job postings.
Advance Auto Parts, O'Reilly Automotive, Tesla, Rush Enterprises, and Mercedes-Benz Group are among the top companies leading in batteries hiring within the automotive industry.
Countries driving adoption of batteries in automotive industry
The US is the leading country in batteries adoption within the automotive industry, boasting the highest number of batteries-related patents, jobs, and deals. Meanwhile, India, South Korea, China and the UK also maintain significant positions in batteries adoption within the automotive industry.
In the automotive industry, the decline in batteries-related patent applications contrasts with the increasing strategic deals, reflecting a dynamic landscape. Despite annual job posting declines, the surge in hiring, especially for sales roles, underscores the sector's focus on advancing battery technology.
To further understand GlobalData's analysis on batteries in the automotive industry, buy the report 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 Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. 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.
