The global automotive industry experienced a 19% decline in the number of future of work-related patent applications in Q1 2023 compared with the previous quarter. The total number of future of work-related grants dropped by 13% in Q1 2023, according to GlobalData’s Patent Analytics. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, the number of future of work-related patent applications in the automotive industry was 6,521 in Q1 2023, versus 8,085 in the prior quarter.
The top five companies accounted for 16% of patenting activity
Analysis of patenting activity by companies shows that Toyota Motor filed the most future of work patents within the automotive industry in Q1 2023. The company filed 266 future of work-related patents in the quarter, compared with 290 in the previous quarter. It was followed by Toyota Motor with 257 future of work patent filings, Hyundai Motor (184 filings), and Robert Bosch Stiftung (178 filings) in Q1 2023.
Patenting activity was driven by China with a 28% share of total patent filings
The largest share of future of work related patent filings in the automotive industry in Q1 2023 was in China with 28%, followed by China (27%) and Japan (14%). The share represented by China was 5% lower than the 33% share it accounted for in Q4 2022.
For further understanding of GlobalData's Future of Work – Thematic Research 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’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.
