The automotive industry continues to be a hotbed of patent innovation. Activity is driven by consumer demand for convenience and safety features, informed decision-making, and regulatory requirements, and growing importance of technologies such as forward collision warning/avoidance with the help of sensors, 360° camera and artificial intelligence (AI). In the last three years alone, there have been over 1.7 million patents filed and granted in the automotive industry, according to GlobalData’s report on Internet of Things in automotive: automatic parking assist. Buy the report here.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
300+ innovations will shape the automotive industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the automotive industry using innovation intensity models built on over one million patents, there are 300+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, LiDAR scanners, smart automotive lighting, and autonomous steering are disruptive technologies that are in the early stages of application and should be tracked closely. Vehicle sensor network, AV tire health monitoring, and collision avoidance systems are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are remote trip monitoring and smart speed governors, which are now well established in the industry.
Innovation S-curve for Internet of Things in the automotive industry
Automatic parking assist is a key innovation area in Internet of Things
A device that assists a motorist in parking their vehicle without the need for manual steering inputs is known as automatic parking assist. The system detects a parking slot, maneuvers the vehicle into it, and then straightens it out using sensors, cameras, and complex algorithms.
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 30 companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of automatic parking assist.
Key players in automatic parking assist – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to automatic parking assist
Source: GlobalData Patent Analytics
Toyota Motor, one of the leading patent filers in automatic parking assist, has filed a patent for automatic parking assist. Their products such as Toyota Teammate Advanced Park, Panoramic View Monitor (PVM), and Safe Exit Assist (SEA) are the top features that help to enter and exit a parking space more easily and safely with a full set of parking control systems. While they concentrate on safety, the customer benefits from peace of mind. Ford Motor, Nissan Motor, and Porsche Robert Bosch Stiftung are some other key patent filers in automatic parking assist.
In terms of application diversity, Alphabet leads the pack, while Panasonic and Intel stood in the second and third positions, respectively. By means of geographic reach, State Farm Mutual Automobile Insurance held the top position, followed by Intel and Alphabet.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalData’s latest thematic research report on Internet of Things (IoT) in Automotive.