However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
40+ innovations will shape the mining industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the mining industry using innovation intensity models built on over 70,000 patents, there are 40+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, tunnel ventilation systems, mine drainage systems, and tunnel lining construction are disruptive technologies that are in the early stages of application and should be tracked closely. Battery metal recycling, precision milling and virtual industrial monitoring are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are high performance drill bits and hybrid industrial vehicles, which are now well established in the industry.
Innovation S-curve for the mining industry
High performance drill bits is a key innovation area in mining
High performance drill bits are critical in today’s modern global mining environment to increase production and efficiency in the extraction of gold, silver, and other metals and minerals. Rotary Bits, Fixed Cutter, Roller Cone, and down-the-hole (DTH) Hammers are among the many rock drilling tools and accessories used in both open-pit and underground mining. Thinning comes in a variety of shapes, including the X-shape for machining deep holes, the R-shape for machining stainless-steel-based workpieces, and the S-shape for machining cast-iron or non-ferrous-based workpieces. Flat drill bits, which can drill holes without bending even on round surfaces, have gained popularity in recent years.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 70+ companies, spanning technology vendors, established mining companies, and up-and-coming start-ups engaged in the development and application of high performance drill bits.
Key players in high performance drill bits – a disruptive innovation in the mining industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to high performance drill bits
Source: GlobalData Patent Analytics
Sandvik and Kennametal are among the leading patent filers in high performance drill bits. Sandvik offers a complete range of rock tools such as DTH, top hammer, rotatory, and raise boring drilling tools, for surface and underground mining, and construction. Sandvik’s drilling bits are designed to increase productivity and sustainability, while reducing total operational cost and emissions. The company’s high-performing rotary drill bits, which are manufactured using high technology for mining blast holes, enable longer bit life and reduce costs.
Meanwhile, Kennametal provides high-performance drills such as Y-TECHTM, KenDrillTM HPS, KenDrillTM FBL, and KenDrill Deep HPR for drilling holes in steel, stainless steel, cast iron, non-ferrous and high-temp materials. Drill pits from the company are used at high-cutting parameters to reduce machining time and free up capacity in mass production environments.
To further understand the key themes and technologies disrupting the mining industry, access GlobalData’s latest thematic research report on Mining.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual 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.
