View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Dashboards
  2. Patents
July 21, 2022updated 19 Jul 2022 10:42am

Cloud innovation among mining industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of related applications in the industry over the past year

By Data Journalism Team

Research and innovation in cloud in the mining industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of related patent applications in the industry stood at 99 in the three months ending May – down from 142 over the same period in 2021.

Figures for patent grants related to followed a similar pattern to filings – shrinking from 106 in the three months ending May 2021 to 92 in the same period in 2022.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Cloud is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Honeywell International was the top innovator in the mining industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the US, filed 74 related patents in the three months ending May. That was down from 99 over the same period in 2021.

It was followed by the US-based Caterpillar with 11 patent applications, Japan-based Komatsu (8 applications), and Germany-based ThyssenKrupp (2 applications).

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology