The landscape of autonomous vehicles in the automotive industry is marked by a dynamic interplay of innovation, investment, and hiring trends. Companies are actively pursuing cutting-edge technologies to propel the development of self-driving vehicles. This has led to a surge in strategic investments and partnerships, underlining the sector’s commitment to pioneering advancements. Concurrently, hiring patterns are evolving, with a focus on specialized roles in computer and mathematical occupations. GlobalData’s autonomous vehicles market report provides a comprehensive analysis on the trends & drivers, technological developments, sector forecast, and competitive landscape. 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 capitalizing on cutting-edge patents in the field of autonomous vehicles to drive innovation and enhance their operations. One such patent enables remote-controlled vehicles with advanced camera mounts, significantly elevating surveillance and monitoring capabilities. Additionally, a breakthrough patent tackles the critical issue of jackknifing in autonomous vehicles, employing automated braking techniques to ensure stability and avert potential hazards. Another patent revolutionizes the delivery industry through a system that dispatches autonomous vehicles from a central mothership, streamlining item pick-up and delivery processes. Lastly, a patent introduces a vehicle analysis environment with specialized display screens for sensor calibration and event simulation, enhancing the accuracy and reliability of autonomous vehicle systems.
Overall, these patents showcase the advancements in autonomous vehicles technologies and applications. By acquiring these patents, automotive companies can enhance their capabilities in surveillance, safety, delivery, and sensor calibration, ultimately improving their businesses and staying at the forefront of the autonomous vehicle industry.
The industry experienced a 3% decline in the number of autonomous vehicles-related patent applications in Q2 2023 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 25% compared with Q2 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 Q2 2023, the number of autonomous vehicles-related deals in the automotive industry grew by 12% compared with Q2 2022. On a quarterly basis, there was 40% increase in the number of deals in Q2 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2023, the automotive industry experienced a 21% drop compared with the previous quarter. On an annual basis, job postings also declined by 26%. Notably, computer and mathematical occupations, with a share of 22%, emerged as the top autonomous vehicles-related job roles within the automotive industry in Q2 2023, with new job postings drop by 28% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 17% in Q2 2023, with new job postings rising by 0.97% over the previous quarter. The other prominent autonomous vehicles roles include management occupations with a 9% share in Q2 2023, and business and financial operations occupations with a 3% share of new job postings.
Forvia, Robert Bosch, Magna International, Continental, and ZF Friedrichshafen are among the top companies leading in autonomous vehicles hiring within the automotive industry.
Countries driving adoption of autonomous vehicles in automotive industry
China 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, the US, Sweden, Japan and South Korea also maintain significant positions in autonomous vehicles adoption within the automotive industry.
In summary, the autonomous vehicles sector in the automotive industry is marked by fluctuations in patent applications and job postings. Strategic deals are on the rise, highlighting the significance of autonomous vehicles with key players like Forvia, Robert Bosch, and Magna International actively hiring. China leads in autonomous vehicles adoption, with other countries also contributing significantly to the industry's growth.
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