The automotive industry continues to be a hotbed of innovation. Activity driven by electrification, connected vehicles, and autonomous vehicles, and growing importance of technologies such as artificial intelligence (AI), machine learning (ML), cyber security, and cloud computing. In the last three years alone, there have been over 1.2 million patents filed and granted in the automotive industry, according to GlobalData’s report on Cloud in Automotive: AI-assisted fault monitoring. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 619,000 patents to analyse innovation intensity for the automotive industry, there are 290+ innovation areas that will shape the future of the industry.
AI-assisted fault monitoring is a key innovation area in cloud
The AI detection system employs artificial neural networks (ANNs) as the core fault detector to rapidly predict a malfunction in the vehicle. The detection system gives early warning to the vehicle user in case of an unexpected issue with the vehicle during driving.
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 60+ companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of AI-assisted fault monitoring.
Key players in AI-assisted fault monitoring – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of different applications identified for each relevant patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to AI-assisted fault monitoring
Source: GlobalData Patent Analytics
Information technology giants, IBM and Microsoft, lead in number of patents filed in AI-assisted fault monitoring systems. These companies are working on several AI solutions to be employed in the auto industry. Some of the areas included are automotive engineering simulation workloads, fault injection detectors, and light-weight fault localisation systems. Other major companies filing patents in the area are People.ai, Oracle , Dell Technologies, and Aurora Labs.
To further understand how cloud is disrupting the automotive industry, access GlobalData’s latest thematic research report on Automotive.