Patents
Patent applications related to IoT witnessed 7% average annual decline in the mining industry since 2021
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The global mining industry experienced a -7% annual average growth rate (AAGR) in the number of IoT-related patent applications between 2021 and 2023. The total number of IoT-related grants decreased by an AAGR of 20% during the same period, according to GlobalData's patent analytics database.
Notably, the number of IoT-related patent applications in the mining industry was 99 since 2021, while 68 applications were granted.
The top five assignees by filings accounted for 39% of patent applications
Analysis of patent applications by assignee shows that OffWorld filed the most IoT patents within the mining industry since 2021. The company filed 11 IoT-related patents since 2021.
It was followed by China Baowu Steel Group (7 applications), King Abdullah University of Science and Technology (4 applications), China Railway Group (3 applications) and Tian Di Science & Technology (3 applications).
The top five assignees by grants accounted for 43% of successful patent grants
Analysis of patent grants by assignee shows that Stellantis was granted 8 patents related to IoT within the mining industry since 2021. It was followed by China Baowu Steel Group (3 grants), Heraeus Holding (2 grants), Uni-President Enterprises (2 grants) and University of South China (2 grants).
Patent activity was driven by China with a 78% share of total patent publications
The largest share of IoT-related patent publications in the mining industry since 2021 was held by China with 78%, followed by the US (6%) and South Korea (4%).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis;used to produce this article.
GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary 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.
