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Dissecting auto innovation

Innovation is reshaping the automotive industry, but in what form and at what rate?

Innovation is reshaping the automotive industry, but in what form and at what rate? As Basil Moftah, President of Thomson Reuters IP & Science, commented: “By dissecting innovation to its core components – the scientific research that informs initial discovery and the patents that protect and commercialise new ideas – we can begin to identify important trends that influence the future of the global economy.”

Thomson Reuters’ “The Future is Open: 2015 State of Innovation” report finds that the industry’s growth in innovation rose a mere 1% this past year, as gauged by research and patent activity worldwide. This marks a dramatic slowdown from recent years, as evident in the chart below.

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