Running a Shop Sales+Marketing Trends+Analysis Solutions Mobile News Technology Law

Study: Auto Industry Focused on Innovation as Propulsion Patents Surge

Order Reprints

Jan. 20, 2015—The Intellectual Property & Science business of Thomson Reuters released on Tuesday the results of its study of the global automobile industry's recent patent activity. The findings, which are featured in the Thomson Reuters paper, "The State of Innovation in the Automotive Industry," detail a massive commitment from carmakers to new propulsion technology, which jumped from fewer than 2,000 patents filed in 2009 to nearly 12,000 by July 2014.

The following are among the key findings in the report:

  • Propulsion Patents Increase: According to analysis of patent data from 2009 through July 2014, activity in propulsion technology grew from fewer than 2,000 patents to nearly 12,000, more than any other technology area in the automotive industry. It was also the only area of patents to reflect a year-over-year growth in the five-year span.

  • Toyota, Japan Lead the Way: With over 7,000 patent assignments to the company during the period covered, Toyota is the auto world's top innovator from a patent perspective. The company is one of five Japanese carmakers (the others being Honda, Denso, Seiko Epson, Mitsubishi) in the top ten, the most of any country. In contrast, the United States' one representative in the top 10 assignees, General Motors, is seventh on the list, with short of 3,000 patents.

  • Hyundai Sets Pace: The one Korean automaker in the top ten, Hyundai, has burst onto the patenting scene. The company has earned the distinction as the fastest growing patentee, climbing from a low point of under 500 in 2010. Since then, it is on a remarkable sprint toward the top, resulting in nearly 1,200 patent filings in 2013, enough to rank them third on the most-assigned list.

  • “Connected” Vehicle Technology Gains Momentum: After gaining notoriety on stage at this year's Consumer Electronics Show, the field of telematics, which enables Wi-Fi-style communications in vehicles and powers the sensors that enable self-driving vehicles, has made a prominent showing in the Thomson Reuters Automotive Industry report. Companies as diverse as General Motors, LG and United Parcel Service are actively patenting in the field.

  • Safety Patents Grow Modestly: Patent activity in the four remaining auto categories (navigation, handling, safety and security, and entertainment) stayed flat or dipped, with safety and security being the lone exception. Less than 1,000 patents were filed in 2009 in the safety and security classification, a number that grew to roughly 2,500 in 2013.

"The clock is quickly ticking towards Model Year 2025, where U.S. automakers' fleets will be required by law to boast an average fuel efficiency of 54.5 miles per gallon – and the industry is working diligently to comply," Bob Stembridge, an intellectual property analyst at Thomson Reuters, said in a release. "The 2012 Corporate Average Fuel Economy (CAFE) mandate seems to have set the agenda for the next decade of car manufacturing, and the huge spike in propulsion patents reflect this prevailing trend."

To read the full report, visit: thomsonreuters.com/autoreport

 

Recommended Products

2018 Industry Survey: Complete Report

2018 Industry Survey: Leadership

2018 Industry Survey: Tech Tools

Related Articles

Study: Auto Part Wholesaling Industry Expected to Grow

AT&T Joins Auto Industry with ‘Drive,’ ‘Drive Studio’

Tesla and Ford Lead the Latest U.S. Automakers Surge

You must login or register in order to post a comment.