According to GlobalDatas 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.
Vehicle digital twins is a key innovation area in virtual and augmented reality
A vehicle digital twin is a virtual representation or simulation of a physical vehicle. It is created by integrating various types of data and information related to the vehicle, such as its design, manufacturing specifications, real-time sensor data, operational performance, and maintenance history.
GlobalDatas 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 20+ companies, spanning technology vendors, established automotive companies, and up-and-coming start-ups engaged in the development and application of vehicle digital twins.
Key players in vehicle 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.
Source: GlobalData Patent Analytics
Flex is one of the leading patent filers in vehicle digital twins. The company's vehicle digital twin technology is a virtual representation of a physical vehicle that is used to simulate and optimize its performance in real-time. The digital twin is created using data from the vehicle's design, manufacturing, and operation. This data includes information about the vehicle's components, systems, and software. Some other key patent filers in the space include Samsung Group, Toyota Motor, and Cox Enterprises.
In terms of application diversity, Continental leads the pack, while Robert Bosch Stiftung and Nippon Steel stood in the second and third positions, respectively. By means of geographic reach, Flex held the top position, followed by Nippon Steel and Samsung.
To further understand the key themes and technologies disrupting the automotive industry, access GlobalDatas 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.
GlobalDatas 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 worlds largest industries.
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