The global technology industry experienced a 38% decline in the number of future of work-related patent applications in Q3 2024 compared with the previous quarter. The total number of future of work-related grants dropped by 12% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of future of work-related patent applications in the technology industry was 18,392 in Q3 2024, versus 29,448 in the prior quarter.
The top five companies accounted for 6% of patenting activity
Analysis of patenting activity by companies shows that Samsung Electronics filed the most future of work patents within the technology industry in Q3 2024. The company filed 317 future of work-related patents in the quarter, compared with 517 in the previous quarter. It was followed by Hitachi with 211 future of work patent filings, Siemens (205 filings), and Huawei Investment (201 filings) in Q3 2024.
Patenting activity was driven by China with a 35% share of total patent filings
The largest share of future of work related patent filings in the technology industry in Q3 2024 was in China with 35%, followed by the US (22%) and Japan (6%). The share represented by China was 18% lower than the 53% share it accounted for in Q2 2024.
For further understanding of GlobalData's Technology: Patents Trends Q3 2024, buy the databook here.
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