The global technology industry experienced a 19% decline in patent filings in Q3 2024 compared with the previous quarter. The total number of grants dropped by 14%, resulting in overall patent publications decreasing by 19.8%, 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.
Smarter leaders trust GlobalData
Notably, the number of patent applications in the technology industry was 271,241 in Q3 2024, versus 338,242 in the prior quarter. Filings were down 16% year-on-year and decrease 19% quarter-on-quarter. This compares to a 16% year-on-year decrease in patent grants and 19% decline in quarter-on-quarter.
Most patenting activity has been in the Communications sector, where the number of patents filed Q2 2024 was 29839, a drop of 24% versus the previous quarter. The second-largest patent count was in Wireless Networking (25239, down 16%) and then Image Management in third (21518, down 33%).
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by Samsung Electronics with 10,318, followed by Huawei Investment with 6,626 and Qualcomm with 4,085.
Patenting activity was driven by China with a 37% share of total patent filings
The largest share of patent filings in the technology industry in Q3 2024 was in China with 37%, followed by the US (21%) and Japan (6%). The share represented by China was 12% lower than the 49% share it accounted for in Q2 2024.
For further understanding of GlobalData's Technology: Patents Trends Q3 2024, buy the databook here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
