Artificial intelligence innovation: Leading companies in AI-assisted fault monitoring for the automotive industry
he automotive industry continues to be a hotbed of innovation, with activity driven by the growth of connected and autonomous vehicles and the absolute need of ‘reliability’ to make them commercially viable, as well as the growing importance of technologies such as artificial intelligence, cloud computing and cybersecurity. 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 Artificial intelligence in Automotive: AI-assisted fault 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.
Deals activity by geography
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, manufacturability analysis, autonomous parking, and LiDAr for vehicle anti-collision are disruptive technologies that are in the early stages of application and should be tracked closely. Speed profile estimation, smart light dimmers, and driver drowsiness detection are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are road slope estimation and adaptive cruise control, which are now well established in the industry.
Innovation S-curve for artificial intelligence in the automotive industry
AI-assisted fault monitoring is a key innovation area in artificial intelligence
The AI detection system is able to foresee system failures in real time. The fault detector’s brain functions as an artificial neural network (Ann ). The detection system is tested through simulations.
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 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’.
Microsoft is one of the leading patent files in AI-assisted fault monitoring systems. The company offers several solutions in auto industry spanning from supporting automotive engineering simulation workloads in auto manufacturing to vehicle-based solutions. Some other key patent files in the automotive industry includes People.ai , IBM, Oracle , and Aurora Labs.
To further understand how artificial intelligence is disrupting the automotive industry, access GlobalData’s latest thematic research report on Artificial Intelligence (AI) in Automotive.