The global technology industry experienced a 30% decline in the number of quantum computing-related patent applications in Q1 2024 compared with the previous quarter. The total number of quantum computing-related grants dropped by 3% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q1 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 quantum computing-related patent applications in the technology industry was 456 in Q1 2024, versus 647 in the prior quarter.

The top five companies accounted for 31% of patenting activity

Analysis of patenting activity by companies shows that International Business Machines filed the most quantum computing patents within the technology industry in Q1 2024. The company filed 61 quantum computing-related patents in the quarter, compared with 75 in the previous quarter. It was followed by Alphabet with 32 quantum computing patent filings, Toshiba (24 filings), and Baidu (14 filings) in Q1 2024.

Patenting activity was driven by the US with a 43% share of total patent filings

The largest share of quantum computing related patent filings in the technology industry in Q1 2024 was in the US with 43%, followed by Japan (13%) and China (11%). The share represented by the US was 11% higher than the 32% share it accounted for in Q4 2023.

For further understanding of GlobalData's Technology: Patents Trends Q1 2024, buy the databook here.

This content was updated on 18 April 2024

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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.