Innovation in the Internet of Things has declined among companies in the shipping industry over the last year

Internet of Things research and innovation in marine equipment supplies, products and services has declined in the last year.

The latest figures show that the number of IoT-related patent filings in the industry was 23 in the three months to February – up from 32 in the same period in 2021.

Numbers for IoT-related patent issuances followed a similar pattern to filings — shrinking from 19 in the three months to February 2021 to 11 in the same period in 2022.

The numbers are compiled by GlobalData, which tracks patent filings and issuances from official offices around the world. With the help of text analysis and official patent classifications, these patents are grouped into key thematic areas and linked to key companies from different industries.

IoT is one of the key areas being pursued by GlobalData. It has been identified as a major disruptive force that companies will face in the coming years and is one of the areas where companies that they are now investing resources in are likely to bear fruit.

The numbers also provide insight into the biggest innovators in the industry.

Westinghouse Air Brake Technologies Corp was the leading IoT innovator in the delivery of marine equipment, products and services last quarter. The United States-headquartered company has filed 18 IoT-related patents in the three months ended February. That was an increase from 15 over the same period in 2021.

It was followed by US-based FedEx Corp with 18 IoT patent applications, US-based United Parcel Service Inc (15 applications), and US-based Uber Technologies Inc (15 applications).

United Parcel Service Inc has recently stepped up research and development in the field of IoT. It saw 60% growth in related patent applications in the three months ended February compared to the same period in 2021 — the highest percentage growth of any company with more than 10 quarterly patents in marine equipment supplies, products and services.

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