The global consumer industry experienced a 33% decline in the number of cybersecurity-related patent applications in Q3 2023 compared with the previous quarter. The total number of cybersecurity-related grants dropped by 16% 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 cybersecurity-related patent applications in the consumer industry was 578 in Q3 2023, versus 865 in the prior quarter.
The top five companies accounted for 53% of patenting activity
Analysis of patenting activity by companies shows that LG filed the most cybersecurity patents within the consumer industry in Q3 2023. The company filed 103 cybersecurity-related patents in the quarter, compared with 146 in the previous quarter. It was followed by Guangdong Oppo Mobile Telecommunications with 75 cybersecurity patent filings, Intel (73 filings), and Brother Industries (27 filings) in Q3 2023.
Patenting activity was driven by the US with a 40% share of total patent filings
The largest share of cybersecurity related patent filings in the consumer industry in Q3 2023 was in the US with 40%, followed by China (15%) and South Korea (5%). The share represented by the US was 2% higher than the 39% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.