The automotive industry continues to be a hotbed of innovation, with activity driven by vehicle-to-vehicle (V2V) communication, which allows vehicles to send, receive, and retransmit data through a wireless mesh network, and growing importance of technologies such as embedded systems that facilitate adaptive cruise control, blind spot detection, rear parking sonar, and backup cameras. 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 Internet of Things in Automotive: V2V distance monitoring.
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 stabilising 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.
290+ 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 619,000 patents, there are 290+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, smart car seats, tyre sensors, and predictive maintenance systems are disruptive technologies that are in the early stages of application and should be tracked closely. Acoustic vehicle signalling devices, brake temperature monitoring, and autonomous parking are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are disc brake actuators and AI-assisted dimming, which are now well established in the industry.
Innovation S-curve for IoT in the automotive industry
V2V distance monitoring is a key innovation area in IoT
The potential of vehicle-to-vehicle communication to wirelessly communicate data regarding the speed and location of nearby cars offers significant promise in aiding in the prevention of collisions, reducing traffic congestion, and enhancing environment performance.
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 V2V distance monitoring.
Key players in V2V distance monitoring – a disruptive innovation in the automotive industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to V2V distance monitoring
Source: GlobalData Patent Analytics
Toyota engages in the development, manufacture, and trading of V2V distance monitoring systems. The company currently holds 72 filed patents in V2V distance monitoring system for the automotive industry segment. Other innovators in V2V distance monitoring system for the automotive industry are Porsche Automobil, Denso, and Nissan.
To further understand how IoT is disrupting the automotive industry, access GlobalData’s latest thematic research report on Internet of Things (IoT) in Automotive.