The global consumer industry experienced a 35% decline in the number of robotics-related patent applications in Q3 2023 compared with the previous quarter. The total number of robotics-related grants dropped by 16% in Q3 2023, according to GlobalDataâ€™s Patent Analytics. GlobalData’s databook Consumer: 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 robotics-related patent applications in the consumer industry was 360 in Q3 2023, versus 552 in the prior quarter.
The top five companies accounted for 42% of patenting activity
Analysis of patenting activity by companies shows that LG filed the most robotics patents within the consumer industry in Q3 2023. The company filed 55 robotics-related patents in the quarter, compared with 88 in the previous quarter. It was followed by Midea Group with 29 robotics patent filings, Dyson Holdings (24 filings), and Robert Bosch Stiftung (23 filings) in Q3 2023.
Patenting activity was driven by the US with a 30% share of total patent filings
The largest share of robotics related patent filings in the consumer industry in Q3 2023 was in the US with 30%, followed by China (18%) and South Korea (7%). The share represented by the US was 6% higher than the 24% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.