The global technology industry experienced a 58% decline in the number of environmental sustainability-related patent applications in Q3 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 58% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q3 2023 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 environmental sustainability-related patent applications in the technology industry was 12,310 in Q3 2023, versus 29,443 in the prior quarter.
The top five companies accounted for 15% of patenting activity
Analysis of patenting activity by companies shows that Contemporary Amperex Technology filed the most environmental sustainability patents within the technology industry in Q3 2023. The company filed 643 environmental sustainability-related patents in the quarter, compared with 867 in the previous quarter. It was followed by Panasonic with 378 environmental sustainability patent filings, Samsung SDI (321 filings), and Samsung Group (286 filings) in Q3 2023.
Patenting activity was driven by China with a 32% share of total patent filings
The largest share of environmental sustainability related patent filings in the technology industry in Q3 2023 was in China with 32%, followed by the US (19%) and Japan (10%). The share represented by China was 27% lower than the 59% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.