Q1’22 sees the highest grants over the last five years on a like-for-like comparison and China continues its hegemony with a 24% growth in grants
- Q1’22 recorded the highest number of patent grants primarily owing to a 29% growth in China’s utility model patents
- Asian companies dominate, Samsung No. 1 and Bosch fastest growing
- Patenting activity in AI has grown by an AAGR of 28% and is anticipated to continue in 2022
Global patenting trend
Q1’22 recorded the highest number of patent grants primarily owing to a 29% growth in China’s utility model patents.
Amid the Russia-Ukraine conflict, Russia passed a law allowing the unrestricted use of patents owned by unfriendly countries, which could be a key reason for its fewer patent filings and grants.
According to a UK government IP report, there is evidence of a small number of applicants switching from the GB patent office to the EPO due to disparities in fees and coverage, which led to a drop in patent filings in the GB.
According to a USPTO report, the US has implemented a patent program to optimize the application pendency that triggered the surge in patent filings.
WIPO registered the highest growth in filings of 21% in Q1’22, largely found in the technology, media, and telecom (TMT), automotive, healthcare, and oil & gas sectors.
The Australian government has passed a legislative in August 2021 to phase out innovation patents, which resulted in the drop in Australian patent grants.
Top patent filers
According to a WIPO report, the rise of investments in innovative and creative industries, and the need to secure these investments through intellectual property are pushing forward the patenting activity in Asia.
Samsung dominated patent filings with a focus on semiconductors, wireless communications, digital data processing, and video-on-demand technologies.
Bosch witnessed the highest growth of 63% in patent filings. The company witnesses more than 40% of its filings from Germany revolving around electric batteries, hybrid automobiles, electric vehicles, and radio navigation, among others.
Top themes & sectors
Al recorded the highest AAGR of 28% primarily owing to the rise in the invention of machine learning (ML) models, speech recognition, image analysis, and natural language processing systems.The Power & Utilities sector has witnessed an AAGR of 14% with the highest share in power generation using solar-based technologies.
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