Innovations in autonomous vehicle technologies are driving a surge in the automotive sector, propelled by companies utilizing cutting-edge patents. Notable advancements include Bayerische Motoren Werke AG’s cooling system with performance indicators and Honda Motor Co Ltd’s sensor module for environmental sensing. These developments promise to elevate the safety, efficiency, and decision-making abilities of autonomous vehicles, paving the way for advanced and dependable self-driving systems. 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 like General Motors, Baidu Inc, Jilin University, and Alphabet Inc are leveraging the latest patents in autonomous vehicles technologies to innovate and improve their businesses. These patents cover a range of advancements such as behavior characterization, adaptive autonomous braking actions, multi-drivers-in-the-loop driving testing platform, driveway maneuvers, and position obtaining devices. By acquiring these patents, the companies can enhance the capabilities of their autonomous vehicles, improve safety features, optimize driving scenarios, and streamline position obtaining methods. Ultimately, these technologies will enable the acquirers to offer more efficient, reliable, and advanced autonomous vehicles to the market, setting them apart from competitors and driving the future of autonomous driving forward.
The industry experienced a 26% decline in the number of autonomous vehicles-related patent applications in Q1 2024 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 10% compared with Q1 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 Q1 2024, the number of autonomous vehicles-related deals in the automotive industry remined flat by 0.00% compared with Q1 2023. On a quarterly basis, there was 14% drop in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the automotive industry experienced a 9% drop compared with the previous quarter. On an annual basis, job postings also declined by 28%. Notably, computer and mathematical occupations, with a share of 21%, emerged as the top autonomous vehicles-related job roles within the automotive industry in Q1 2024, with new job postings drop by 27% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 13% in Q1 2024, with new job postings dropping by 21% over the previous quarter. The other prominent autonomous vehicles roles include management occupations with an 8% share in Q1 2024, and office and administrative support occupations with a 3% share of new job postings.
Zhejiang Geely Holding Group, Mercedes-Benz Group, Forvia, Robert Bosch, and Caliber Collision Centers 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, Japan and Germany also maintain significant positions in autonomous vehicles adoption within the automotive industry.
In the automotive industry, companies are capitalizing on the latest patents in autonomous vehicle technologies to drive innovation and business improvement. Despite a decline in patent applications, strategic investments underscore the significance of autonomous vehicles, with the US and China leading adoption efforts, shaping the future of automotive mobility.
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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.
