The global technology industry experienced a 53% decline in the number of autonomous vehicles-related patent applications in Q3 2023 compared with the previous quarter. The total number of autonomous vehicles-related grants dropped by 39% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of autonomous vehicles-related patent applications in the technology industry was 791 in Q3 2023, versus 1,682 in the prior quarter.
The top five companies accounted for 27% of patenting activity
Analysis of patenting activity by companies shows that Huawei Investment filed the most autonomous vehicles patents within the technology industry in Q3 2023. The company filed 52 autonomous vehicles-related patents in the quarter, compared with 144 in the previous quarter. It was followed by LG with 50 autonomous vehicles patent filings, General Motors (40 filings), and Alphabet (36 filings) in Q3 2023.
Patenting activity was driven by the US with a 62% share of total patent filings
The largest share of autonomous vehicles related patent filings in the technology industry in Q3 2023 was in the US with 62%, followed by South Korea (6%) and China (5%). The share represented by the US was 21% higher than the 41% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.