Research and innovation in industrial automation in the private banking sector has declined in the last year.

The most recent figures show that the number of industrial automation patent applications in the industry stood at 11 in the three months ending October – down from 27 over the same period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Figures for patent grants related to industrial automation followed a different pattern to filings – growing from 20 in the three months ending October last year to 26 this year.

The figures are compiled by GlobalData, who track 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.

Industrial automation 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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The figures also provide an insight into the largest innovators in the sector.

The Toronto-Dominion Bank was the top industrial automation innovator in the private banking sector in the last quarter. The company, which has its headquarters in Canada, filed nine industrial automation related patents in the three months ending October. That was up from six over the same period last year.

It was followed by the United States based Wells Fargo & Co with six industrial automation patent applications, the United States based The Allstate Corp (4 applications), and China based Ping An Insurance (Group) Company of China Ltd (4 applications).