Patents
Patent applications related to artificial intelligence increased by 40% per year on average in the mining industry since 2020
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The global mining industry experienced a 40% rise in annual average growth rate (AAGR) in the number of artificial intelligence-related patent applications between 2020 and 2022. The total number of artificial intelligence-related grants increased by an AAGR of 65% during the same period, according to GlobalData's patent analytics database.
Notably, the number of artificial intelligence-related patent applications in the mining industry was 507 since 2020, while 235 applications were granted.
The top five companies by filings accounted for 46% of patent applications
Analysis of patent applications by assignee shows that JFE filed the most artificial intelligence patents within the mining industry since 2020. The company filed 91 artificial intelligence-related patents since 2020.
It was followed by Kobe Steel (44 applications), POSCO (26 applications), The Japan Steel Works (25 applications) and China Baowu Steel Group (24 applications).
The top five companies by grants accounted for 40% of successful patent grants
Analysis of patent grants by assignee shows that JFE was granted 29 patents related to artificial intelligence within the mining industry since 2020. It was followed by POSCO (28 grants), Ministry of Education of the People's Republic of China (11 grants), China Baowu Steel Group (10 grants), and Kobe Steel, Stellantis and The Japan Steel Works with 9 grants each.
Patent activity was driven by China with a 48% share of total patent publications
The largest share of artificial intelligence-related patent publications in the mining industry since 2020 was held by China with 48%, followed by Japan (24%) and the US (10%).
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.
