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Global Patenting Activity Fell Off in Q2'22, while the US Continued to Rise with 13% in Filings and 6% in Grants

Q2’22 observed a decline in both the filings and grants, primarily attributed to the decrease in the patent filings of China which has been the top contributor for many years
Asian companies dominate in Q2’22, Samsung at No. 1 and Intel fastest growing
Patenting activity in AI has grown by an AAGR of 25% and is anticipated to continue in 2022

Global Patenting Trend

As per GlobalData’s Patent Statistics and Analysis Q2 2022 report, China’s utility model has decreased by 2% in Q2’22 compared to Q2’21 as a result of the enhanced scrutiny during the official evaluation stage. The decrease is reflected in the country's overall decline in grants.

The major contribution in Q2'22 patent filings came from the US, EP, and GB, predominantly in AI, 5G, and industrial automation themes.

The Chinese government is making a determined effort to put the focus back on patent quality rather than quantity by reforming China's patent incentive structures. One such is eliminating all the existing patent subsidies, which possibly is leading to the country's decreased patent activity.

Top Patent Filers

According to the latest World Bank report, the global economy has slowed down due to the recovery from the COVID-19 pandemic damages. As a result, companies might face tough decisions about applying for patents and payment of maintenance fees. This is reflected in the slow-down of filing from many companies such as Samsung, Huawei, LG, and Qualcomm.

Intel has witnessed the highest 42% YoY growth in Q2’22 patent filings mainly in cybersecurity, AI, and digitalization.

Top Themes and Sectors

According to GlobalData’s Patent Statistics and Analysis Q2 2022 report, Artificial intelligence (AI) has registered the highest growth of 25% due to an increase in its adoption in almost every industry from driver assistance in automotive to risk planning in oil & gas.

While the retail sector has witnessed an AAGR of 13% with the highest share in digitalization, e-commerce, and fintech-related technologies.

Access the report: Patent Statistics and Analysis Q2 2022.

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