The global consumer industry experienced a 39% decline in the number of artificial intelligence-related patent applications in Q3 2023 compared with the previous quarter. The total number of artificial intelligence-related grants dropped by 0.86% in Q3 2023, according to GlobalData’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 artificial intelligence-related patent applications in the consumer industry was 665 in Q3 2023, versus 1,082 in the prior quarter.
The top five companies accounted for 46% of patenting activity
Analysis of patenting activity by companies shows that Intel filed the most artificial intelligence patents within the consumer industry in Q3 2023. The company filed 91 artificial intelligence-related patents in the quarter, compared with 256 in the previous quarter. It was followed by LG with 89 artificial intelligence patent filings, Haier Group (63 filings), and Guangdong Oppo Mobile Telecommunications (33 filings) in Q3 2023.
Patenting activity was driven by the US with a 34% share of total patent filings
The largest share of artificial intelligence related patent filings in the consumer industry in Q3 2023 was in the US with 34%, followed by China (22%) and South Korea (7%). The share represented by the US was 8% higher than the 27% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.