Despite all the talk of driverless and connected cars, a new study suggests that the pace of innovation in the automobile industry has actually slowed in the past year.
Among the 12 technology sectors studied by Thompson Reuters, worldwide patent volume in all sectors increased just 3% over the last year, the slowest rate of patent volume growth since the end of the global recession in 2009. In addition, innovation in the powertrain area actually declined
At the same time, the total volume of new scientific research decreased 23% during the same period, according to the study. (more…)