The future of automotive is taking shape through continuous innovation, as evidenced by 184,240 patents filed in the US between 2003 and 2018. Our analysis of this patent data set identified three key areas driving advancements: Ancillary Vehicle Systems, Battery Electric Vehicles (BEVs), and Internal Combustion Engines (ICEs). Also, the
Karma Automotive has a total of 320 patents globally, out of which 168 have been granted. Of these 320 patents, more than 83% patents are active. The United States of America is where Karma Automotive has filed the maximum number of patents, followed by China and Europe (EPO). Parallelly, The
The global vehicle control unit (VCU) market is forecasted to grow at 17.1% CAGR to reach $10.4 billion in 2027 from $2.1 billion in 2019. Advancement in-vehicle electronics technologies are going to drive the market which will create opportunities for players in the market to expand their revenue and market.
The U.S is one of the Biggest Market for Automotive industry. As per Mordor intelligence, there will be 20 million autonomous vehicles by 2030 in operation in the U.S. There is a lot of competition in front of US automobile players. European and Japanese players like Audi, Toyota, and BMW are
The North American market is the largest automotive ancillary market followed by the APAC region. Patent filings in the US automotive ancillary industry have been following an uprising trend since 2010 after a dip due to the 2008 recession. Growing demand for high energy density batteries, low copper brake pads,
Stringent regulations by government and increasing environmental awareness of consumers are shifting demand toward propulsion systems other than ICEs. Though green propulsion is going to be the future, due to a sense of security and control, consumers’ preferences are still aligned to internal combustion engines. Automakers, hence, are working on
Foreign vehicle manufacturers are producing and selling more vehicles than their American domestic counterparts. Not only has this, their imports and contribution to the patent filing been increasing as well. In the last 5 years, domestic automotive players are contributing less than 45% in the total patent filings. Meanwhile, the
The top 10 patent filers for the automotive industry have been the same from 2007-16. This indicates their strong foothold on the market and also the fact that innovation in the automobile industry has been aggressive. All the top 10 Automotive Industry patent filers have increased their patent portfolio by
Automotive Industry has always welcomed emerging technologies with open arms. In recent years, the industry has adopted new technologies at a never-seen-ever-before rate. After AI and Big Data Analytics, the industry has been exploring IoT and Blockchain. The industry has been completely transformed by technology and we are going to
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