The global consumer industry experienced a 26% decline in the number of big data-related patent applications in Q2 2024 compared with the previous quarter. The total number of big data-related grants dropped by 23% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q2 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.
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Notably, the number of big data-related patent applications in the consumer industry was 126 in Q2 2024, versus 171 in the prior quarter.
The top five companies accounted for 74% of patenting activity
Analysis of patenting activity by companies shows that Intel filed the most big data patents within the consumer industry in Q2 2024. The company filed 57 big data-related patents in the quarter, compared with 39 in the previous quarter. It was followed by Vivo Mobile Communication with 13 big data patent filings, LG (11 filings), and Guangdong Oppo Mobile Telecommunications (9 filings) in Q2 2024.
Patenting activity was driven by the US with a 62% share of total patent filings
The largest share of big data related patent filings in the consumer industry in Q2 2024 was in the US with 62%, followed by China (6%). The share represented by the US was 28% higher than the 34% share it accounted for in Q1 2024.
For further understanding of GlobalData's Consumer: Patents Trends Q2 2024, buy the databook here.
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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.
