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
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
In June 2018, Toyota and Denso agreed on creating core and solid electronic components production with Denso. Last year, they announced that it will be named ‘MIRISE Technologies’ and to be established in April 2020. This deal is focused on conducting research and advanced development of next-generation in-vehicle semiconductors to
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