The global automotive industry experienced a 44% decline in the number of robotics-related patent applications in Q2 2024 compared with the previous quarter. The total number of robotics-related grants dropped by 4% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Automotive: Patents Trends Q2 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of robotics-related patent applications in the automotive industry was 1,507 in Q2 2024, versus 2,692 in the prior quarter.
The top five companies accounted for 9% of patenting activity
Analysis of patenting activity by companies shows that Hyundai Motor filed the most robotics patents within the automotive industry in Q2 2024. The company filed 32 robotics-related patents in the quarter, compared with 26 in the previous quarter. It was followed by Robert Bosch Stiftung with 31 robotics patent filings, Kia (30 filings), and Toyota Motor (26 filings) in Q2 2024.
Patenting activity was driven by the US with a 34% share of total patent filings
The largest share of robotics related patent filings in the automotive industry in Q2 2024 was in the US with 34%, followed by China (22%) and Japan (5%). The share represented by the US was 8% higher than the 26% share it accounted for in Q1 2024.
For further understanding of GlobalData's Automotive: Patents Trends Q2 2024, buy the databook 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’s Patent Analytics tracks patent filings and grants from official offices around the world. 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.
