On the occasion of the World Intellectual Property (IP) Day, GlobalData has issued a data-driven yearly analysis identifying the key trends in the patent landscape to highlight IP’s importance in fostering innovation and creativity.
GlobalData’s report, ‘Patent Statistics and Analysis 2021′, reveals that companies are actively leveraging digital transformation to tap the new normal in response to the impact and implications of the COVID-19 pandemic.
In terms of patent filings, retail and mining are the only sectors with positive YoY growth of 17% and 11%, respectively, in 2021.
The COVID-19 pandemic has resulted in the development of new methods of approaching consumers and boosting e-commerce. Some of the notable retail research areas include automated user purchases, contactless payments, and interactive vending machines.
AI in retail continues to play a major role in improving demand forecasting, which assists in pricing decisions and optimizing product placement.
In the mining sector, the research was primarily focused on real-time monitoring of stress in excavation, pneumatic sand lifting, and monitoring of rock-breaking machines. Komatsu, Shandong University of Science and Technology, and Sumitomo Electric are some of the major patent filers.
This report is based on GlobalData’s Patent Analytics database, which covers a bibliography from all 100+ patenting authorities.
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