Smart materials innovation among automotive industry companies has dropped off in the last year

Raymond S. Hughes

Exploration and innovation in smart products in the automotive manufacturing and provide sector has declined in the past calendar year.

The most recent figures display that the variety of wise products relevant patent applications in the business stood at 25 in the three months ending April – down from 33 above the exact period of time in 2021.

Figures for patent grants linked to sensible elements adopted a very similar sample to filings – shrinking from 34 in the a few months ending April 2021 to 24 in the identical time period in 2022.

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The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Smart materials is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

Toyota Motor Corp was the top smart materials innovator in the automotive manufacturing and supply sector in the latest quarter. The company, which has its headquarters in Japan, filed four smart materials related patents in the three months ending April. That was up from two over the same period in 2021.

It was followed by the Japan based Denso Corp with three smart materials patent applications, the United States based Tesla Inc (3 applications), and Japan based NHK Spring Co Ltd (3 applications).

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