Diverse applications of autonomous vehicles in automotive industry have led to innovations in safety and efficiency. Patents cover areas such as cooling systems, sensor modules and merge handling systems. Despite a decline in patent applications and deals, job postings have increased, indicating growth opportunities in autonomous vehicles roles within the automotive sector. Leading countries driving adoption include the US, China, South Korea, India, and Japan. GlobalData’s autonomous vehicles market report provides comprehensive analysis of the autonomous vehicles market. Buy the report here.

This article presents a quarterly round-up of the latest trends in the automotive industry regarding autonomous vehicles. It provides an overview of recent developments in autonomous vehicles-related deals, talent acquisition, and patent filings within the automotive industry.

Diverse applications of autonomous vehicles in automotive industry

Automotive companies are leveraging the latest patents in autonomous vehicles technologies to innovate and improve their businesses. Bayerische Motoren Werke AG has developed a cooling system with a performance indicator to detect issues. Honda Motor Co Ltd has patented a sensor module for environmental sensing. EMBARK TRUCKS INC. has a system for merge handling based on merge intentions over time. Electronics and Telecommunications Research Institute has a method for predicting future trajectories using artificial neural networks. Uatc, LLC has developed multi-task machine-learned models for object intention determination. These technologies will benefit the acquirers by enhancing the safety, efficiency, and decision-making capabilities of autonomous vehicles, ultimately leading to more advanced and reliable self-driving systems.

The industry experienced a 37% decline in the number of autonomous vehicles-related patent applications in Q4 2023 compared with the previous quarter. On an annual basis, the number of autonomous vehicles-related patent applications in the automotive industry witnessed a drop of 9% compared with Q4 2022.

Strategic deal trends in autonomous vehicles in automotive industry

Automotive companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in autonomous vehicles. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of autonomous vehicles in the automotive industry.

In Q4 2023, the number of autonomous vehicles-related deals in the automotive industry declined by 14% compared with Q4 2022. On a quarterly basis, there was 29% drop in the number of deals in Q4 2023 compared with the previous quarter.

Impact on hiring

In terms of new job posting, in Q4 2023, the automotive industry experienced a 6% growth compared with the previous quarter. On an annual basis, job postings also declined by 18%. Notably, computer and mathematical occupations, with a share of 26%, emerged as the top autonomous vehicles-related job roles within the automotive industry in Q4 2023, with new job postings rising by 17% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 15% in Q4 2023, with new job postings rising by 0.84% over the previous quarter. The other prominent autonomous vehicles roles include management occupations with a 9% share in Q4 2023, and installation, maintenance, and repair occupations with a 8% share of new job postings.

Zhejiang Geely Holding Group, Forvia, AB Volvo, Continental, and Valeo are among the top companies leading in autonomous vehicles hiring within the automotive industry.

Countries driving adoption of autonomous vehicles in automotive industry

The US is the leading country in autonomous vehicles adoption within the automotive industry, boasting the highest number of autonomous vehicles-related patents, jobs, and deals. Meanwhile, China, South Korea, India and Japan also maintain significant positions in autonomous vehicles adoption within the automotive industry.

In conclusion, the automotive industry continues to advance autonomous vehicle technologies, despite a Q4 2023 decline in patent applications and deals. The rise in job postings, especially in computer and engineering roles, underscores ongoing efforts to enhance safety and efficiency in self-driving systems.

To further understand GlobalData's analysis on autonomous vehicles in the automotive industry, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. 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.