The global automotive industry experienced a 10% decline in the number of batteries-related patent applications in Q1 2023 compared with the previous quarter. The total number of batteries-related grants dropped by 17% in Q1 2023, according to GlobalData’s Patent Analytics. 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.
Notably, the number of batteries-related patent applications in the automotive industry was 8,260 in Q1 2023, versus 9,186 in the prior quarter.
The top five companies accounted for 25% of patenting activity
Analysis of patenting activity by companies shows that LG filed the most batteries patents within the automotive industry in Q1 2023. The company filed 901 batteries-related patents in the quarter, compared with 853 in the previous quarter. It was followed by Contemporary Amperex Technology with 421 batteries patent filings, Panasonic (301 filings), and Toyota Motor (256 filings) in Q1 2023.
Patenting activity was driven by China with a 26% share of total patent filings
The largest share of batteries related patent filings in the automotive industry in Q1 2023 was in China with 26%, followed by Japan (14%) and South Korea (12%). The share represented by China was 6% lower than the 31% share it accounted for in Q4 2022.
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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.
