Sep 19, 2017
Oliver Wyman data on the number of patents filed by automakers was featured in a Wall Street Journal article titled “ A Shape-Shifting Car? Patent Filings Point to Auto Industry’s Future.”
Auto makers, pressured to keep up with Silicon Valley companies working on autonomous-car technology and ride sharing, have sharply boosted their U.S. patent filings over the past five years. In 2016, 10 of the world's largest car makers submitted 9,700 patent applications, up 110% from 2012, according to consulting firm Oliver Wyman.
Juergen Reiner, a partner at Oliver Wyman, said car companies have an edge in creating automotive hardware, but will struggle to catch up on the software front. Unlike Silicon Valley companies, traditional vehicle makers face huge overhead and capital requirements for their factories and product lines.
"It's not a well-balanced battle," Mr. Reiner said. "They need to develop cars and have other distractions."
To read the entire article, please click here.