The global technology industry experienced a 29% decline in the number of social responsibility-related patent applications in Q3 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 40% 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 social responsibility-related patent applications in the technology industry was 208 in Q3 2023, versus 293 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that NIKE filed the most social responsibility patents within the technology industry in Q3 2023. The company filed 6 social responsibility-related patents in the quarter, compared with 4 in the previous quarter. It was followed by 3M with 5 social responsibility patent filings, Samsung Group (4 filings), and Levi Strauss & Co (4 filings) in Q3 2023.
Patenting activity was driven by the US with a 28% share of total patent filings
The largest share of social responsibility related patent filings in the technology industry in Q3 2023 was in the US with 28%, followed by South Korea (27%) and China (16%). The share represented by the US was 8% higher than the 19% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.