The global automotive industry experienced a 16% decline in the number of blockchain-related patent applications in Q2 2023 compared with the previous quarter. The total number of blockchain-related grants dropped by 22% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Blockchain Market Size, Share, Trends, and Segment Forecast to 2030 report offers a forward-looking analysis of the market including market sizing up to 2026, segmentation by application and key verticals, potential growth opportunities, and competitive profiling and benchmarking. Buy the report here.
Notably, the number of blockchain-related patent applications in the automotive industry was 75 in Q2 2023, versus 89 in the prior quarter.
The top five companies accounted for 27% of patenting activity
Analysis of patenting activity by companies shows that Strong Force Iot Portfolio 2016 filed the most blockchain patents within the automotive industry in Q2 2023. The company filed 6 blockchain-related patents in the quarter, compared with 1 in the previous quarter. It was followed by Robert Bosch Stiftung with 4 blockchain patent filings, International Business Machines (4 filings), and ESS Technology (3 filings) in Q2 2023.
Patenting activity was driven by the US with an 80% share of total patent filings
The largest share of blockchain related patent filings in the automotive industry in Q2 2023 was in the US with 80%, followed by China (3%) and Germany (3%). The share represented by the US was 11% higher than the 69% 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.
