The automotive industry continues to be a hotbed of innovation, with activity driven by environmental sustainability, reducing CO2 emissions and electrification, and growing importance of technologies such as electric, connected and autonomous vehicles. In the last three years alone, there have been over 1.2 million patents filed and granted in the automotive industry, according to GlobalData’s report on Electric vehicles in Automotive: Electric propulsion industrial trucks.
According to GlobalData’s Technology Foresights, which uses over 619,000 patents to analyse innovation intensity for the automotive industry, there are 290+ innovation areas that will shape the future of the industry.
Electric propulsion industrial trucks is a key innovation area in electric vehicles
In an industrial electric truck, electrical propulsion is essentially a powertrain system. The electric motor, which powers the wheels of the electric trucks, converts electric energy into kinetic energy.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 40 companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of electric propulsion industrial trucks.
Key players in electric propulsion industrial trucks – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to electric propulsion industrial trucks
Source: GlobalData Patent Analytics
Jungheinrich, with 55 patents, is one of the top companies to file for electric propulsion industrial truck patents. The company's primary focus is on the production and development of advanced materials handling technology, ranging from forklifts to fully automated warehouses. Nu Skin Enterprises, Shandong Heavy Industry Group, and Superpedestrian are a few other notable patent filers in the same industry.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalData’s latest thematic research report on Electric Vehicles (EV).