The automotive industry is rapidly advancing in autonomous vehicle technology, with companies filing innovative patents, securing strategic deals, and actively hiring to drive development. Patents from companies like Amazon and Ford focus on enhancing safety, navigation, and user experience, while strategic investments bolster industry leadership. Despite a slight dip in hiring, key players like Forvia and Robert Bosch continue to lead in building autonomous vehicle expertise. GlobalData’s autonomous vehicles market report provides comprehensive analysis of the market. Buy the report here.
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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 actively leveraging innovative technologies to enhance their autonomous vehicle capabilities, as evidenced by recent patents. THINKWARE Systems Corp's patent focuses on location-based services using video detection, improving user experience through real-time object information. Amazon.com Inc's trajectory validation system enhances collision avoidance, ensuring safer navigation. General Motors Co's use of convolutional neural networks for object detection optimizes scene monitoring, while Ford Motor Co's mapping system refines navigation by segmenting drivable areas for better route planning. Additionally, ElectroKnox Corporation's architecture-agnostic software development streamlines vehicle programming, promoting interoperability among electronic control units. Collectively, these advancements position these companies to improve safety, efficiency, and user engagement in autonomous driving.
The industry experienced an 11% growth in the number of autonomous vehicles-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of autonomous vehicles-related patent applications in the automotive industry witnessed a rise of 11% compared with Q2 2023.
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 Q2 2024, the number of autonomous vehicles-related deals in the automotive industry declined by 12% compared with Q2 2023. On a quarterly basis, there was 7% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the automotive industry experienced a 9% drop compared with the previous quarter. On an annual basis, job postings also declined by 10%. Notably, computer and mathematical occupations, with a share of 19%, emerged as the top autonomous vehicles-related job roles within the automotive industry in Q2 2024, with new job postings drop by 16% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 18% in Q2 2024, with new job postings rising by 25% over the previous quarter. The other prominent autonomous vehicles roles include management occupations with an 8% share in Q2 2024, and installation, maintenance, and repair occupations with a 2% share of new job postings.
Forvia, Zhejiang Geely Holding Group, Aptiv, Caliber Collision Centers, and Robert Bosch 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, India, Japan and Sweden also maintain significant positions in autonomous vehicles adoption within the automotive industry.
With ongoing patent innovations, strategic deals, and focused hiring efforts, the automotive industry is well-positioned to advance autonomous vehicle technology, enhancing safety and efficiency. The US remains at the forefront of this global shift, driving adoption and leadership in the field.
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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.
