The automotive industry continues to be a hotbed of patent innovation. Activity is driven by consumer demand for convenience and safety features, informed decision-making, and regulatory requirements, and growing importance of technologies such as hands-free driving with the help of sensors, 360° camera and artificial intelligence (AI). In the last three years alone, there have been over 720,000 patents filed and granted in the automotive industry, according to GlobalData’s report on Internet of Things in automotive: autonomous steering. Buy the report here.
Smarter leaders trust GlobalData
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
300+ innovations will shape the automotive industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the automotive industry using innovation intensity models built on over one million patents, there are 300+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, autonomous steering, LiDAR scanners and intelligent predictive maintenance are disruptive technologies that are in the early stages of application and should be tracked closely. Sensor-integrated mirrors, smart street lighting and automatic parking assist are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are remote trip monitoring and smart speed governors, which are now well established in the industry.
Innovation S-curve for Internet of Things in the automotive industry
Autonomous steering is a key innovation area in Internet of Things
The ability of a vehicle to maneuver itself without human intervention is referred to as autonomous steering. It entails utilizing advanced technologies such as GPS, sensors, cameras, and vehicle-to-vehicle communication to correctly assess the vehicle's position and surroundings, as well as making real-time steering decisions.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 390+ companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of autonomous steering.
Key players in autonomous steering – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to autonomous steering
Source: GlobalData Patent Analytics
Peloton Technology, one of the leading patent filers in autonomous steering, intends to widely commercialize platooning, a partially automated truck technology. It would still require drivers to sit behind the wheel, but it would be more fuel-efficient and, perhaps, safer than truck-based transportation today. Porsche Automobil, Aisin, and Hitachi are some other key patent filers also leading companies in autonomous steering.
In terms of application diversity, Eaton leads the pack, while Amazon.com and Intel stood in the second and third positions, respectively. By means of geographic reach, Intel held the top position, followed by Peloton Technology and Amazon.com.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalData’s latest thematic research report on Internet of Things (AI) in Automotive.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
