The report WIPO Technology Trends: The Future of Transportation, released by the World Intellectual Property Organization (WIPO) on February 6, shows that global innovation in the transportation sector is increasingly focusing on more environmentally friendly "future technologies," such as air-taxis, wireless charging technology for electric vehicles, and self-driving cargo ships, etc., with China, Japan, the United States, South Korea, and Germany leading the surge in innovation in the sector of future transportation technologies.
By 2023, patents in the transportation sector have a compound annual growth rate of 11%, more than double the increase of all published patents globally. The report attributes the strong growth in related patents in China to its dominant position in the electric vehicle market in recent years.
(Source: Xinhua News Agency)