The global technology industry experienced a 39% decline in the number of quantum computing-related patent applications in Q3 2023 compared with the previous quarter. The total number of quantum computing-related grants rose by 0.52% 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 quantum computing-related patent applications in the technology industry was 533 in Q3 2023, versus 874 in the prior quarter.
The top five companies accounted for 28% 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 Q3 2023. The company filed 68 quantum computing-related patents in the quarter, compared with 128 in the previous quarter. It was followed by Alphabet with 32 quantum computing patent filings, Toshiba (22 filings), and Microsoft (16 filings) in Q3 2023.
Patenting activity was driven by the US with a 36% share of total patent filings
The largest share of quantum computing related patent filings in the technology industry in Q3 2023 was in the US with 36%, followed by China (12%) and Japan (7%). The share represented by the US was 6% higher than the 30% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.