The global automotive industry experienced a 56% decline in the number of cloud-related patent applications in Q3 2023 compared with the previous quarter. The total number of cloud-related grants dropped by 41% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Automotive: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of cloud-related patent applications in the automotive industry was 211 in Q3 2023, versus 480 in the prior quarter.
The top five companies accounted for 17% of patenting activity
Analysis of patenting activity by companies shows that International Business Machines filed the most cloud patents within the automotive industry in Q3 2023. The company filed 17 cloud-related patents in the quarter, compared with 24 in the previous quarter. It was followed by Capital One Financial with 5 cloud patent filings, Robert Bosch Stiftung (5 filings), and Humane (5 filings) in Q3 2023.
Patenting activity was driven by the US with a 66% share of total patent filings
The largest share of cloud related patent filings in the automotive industry in Q3 2023 was in the US with 66%, followed by China (12%) and Australia (2%). The share represented by the US was 23% higher than the 43% share it accounted for in Q2 2023.
For further understanding of GlobalData's Automotive: Patents Trends Q3 2023, buy the databook here.