The automotive industry continues to be a hotbed of patent innovation. Activity in reliability modeling digital twins is driven by factors such as predictive maintenance optimization, adoption of Internet of Things (IoT), and focus on asset performance management, as well as growing importance of technologies such as IoT sensors, predictive analytics, and finite element analysis. 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 Virtual and augmented reality in automotive: reliability modeling digital twins. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over one million patents to analyze innovation intensity for the automotive industry, there are 300+ innovation areas that will shape the future of the industry.
Reliability modeling digital twins is a key innovation area in virtual and augmented reality
Reliability modeling digital twins refers to the use of digital twins, which are virtual replicas of physical assets or systems, to model the performance and reliability of those assets or systems over time. By simulating the behavior of a system under different conditions, digital twins can help predict potential failures and optimize maintenance schedules.
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 reliability modeling digital twins.
Key players in reliability modeling digital twins – 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 reliability modeling digital twins
| Company | Total patents (2021 - 2023) | Premium intelligence on the world's largest companies |
| Huawei Investment & Holding | 31 | Unlock Company Profile |
| JFE | 45 | Unlock Company Profile |
| Compagnie Generale des Etablissements Michelin | 25 | Unlock Company Profile |
| Toyota Motor | 50 | Unlock Company Profile |
| Baker Hughes | 21 | Unlock Company Profile |
| Baidu | 34 | Unlock Company Profile |
| Robert Bosch Stiftung | 74 | Unlock Company Profile |
| Siemens | 54 | Unlock Company Profile |
| Synopsys | 24 | Unlock Company Profile |
| Halliburton | 46 | Unlock Company Profile |
| Taiwan Semiconductor Manufacturing | 39 | Unlock Company Profile |
| Zhejiang Geely | 29 | Unlock Company Profile |
| State Grid Corporation of China | 39 | Unlock Company Profile |
| Hitachi | 37 | Unlock Company Profile |
| Schlumberger | 32 | Unlock Company Profile |
| General Electric | 52 | Unlock Company Profile |
| Honda Motor | 21 | Unlock Company Profile |
| Mitsubishi Electric | 21 | Unlock Company Profile |
| General Motors | 48 | Unlock Company Profile |
| Groupe Industriel Marcel Dassault | 36 | Unlock Company Profile |
| ASML | 23 | Unlock Company Profile |
| Resonac | 23 | Unlock Company Profile |
| Altair Engineering | 22 | Unlock Company Profile |
| Veolia Environnement | 23 | Unlock Company Profile |
| International Business Machines | 75 | Unlock Company Profile |
| Accenture | 21 | Unlock Company Profile |
| Autodesk | 32 | Unlock Company Profile |
| Sumitomo Electric Industries | 28 | Unlock Company Profile |
| Ford Motor | 31 | Unlock Company Profile |
| Furukawa | 41 | Unlock Company Profile |
| Digital Global Systems | 63 | Unlock Company Profile |
| Samsung Group | 47 | Unlock Company Profile |
| Cambricon Technologies | 25 | Unlock Company Profile |
| Drishti Technologies | 20 | Unlock Company Profile |
| Hailo | 37 | Unlock Company Profile |
| Uni-President China | 24 | Unlock Company Profile |
Source: GlobalData Patent Analytics
International Business Machines (IBM) is one of the leading patent filers in reliability modeling digital twins. Third parties can purchase and sell digital twin assets via the IBM Digital Twin Exchange, which provides an online marketplace. To have their digital twins uploaded and listed for sale in the IBM Digital Twin Exchange, providers of digital twins must pay an annual membership fee. Asset-intensive businesses, such as those using IBMMaximo Asset Management to manage digital assets across the whole enterprise, can benefit from the IBM Digital Twin Exchange. Manufacturers have the ease of managing their inventories, setting prices for their assets, and adding their digital twin content in bulk. Some other key patent filers in the space include Robert Bosch Stiftung, Digital Global Systems, and Siemens.
In terms of application diversity, Mitsubishi Electric leads the pack, while Veolia Environnement and Baidu stood in the second and third positions, respectively. By means of geographic reach, Hailo held the top position, followed by Veolia Environnement and Drishti Technologies.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalData’s latest thematic research report on Augmented Reality (AR) in Automotive.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. 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.
