The global automotive industry experienced a 33% decline in the number of artificial intelligence-related patent applications in Q2 2023 compared with the previous quarter. The total number of artificial intelligence-related grants dropped by 21% in Q2 2023, according to GlobalData’s Patent Analytics. The growing application of Artificial Intelligence will prove to have a transformative impact on the Automotive sector. GlobalData’s Artificial Intelligence (AI) Market report helps keep abreast of the latest trends in Artificial Intelligence, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, the number of artificial intelligence-related patent applications in the automotive industry was 4,196 in Q2 2023, versus 6,286 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that International Business Machines filed the most artificial intelligence patents within the automotive industry in Q2 2023. The company filed 161 artificial intelligence-related patents in the quarter, compared with 220 in the previous quarter. It was followed by Alphabet with 91 artificial intelligence patent filings, Robert Bosch Stiftung (86 filings), and Baidu (65 filings) in Q2 2023.
Patenting activity was driven by the US with a 47% share of total patent filings
The largest share of artificial intelligence related patent filings in the automotive industry in Q2 2023 was in the US with 47%, followed by China (33%) and Japan (4%). The share represented by the US was 4% higher than the 42% share it accounted for in Q1 2023.
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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.
