The global consumer industry experienced a 32% decline in the number of ecommerce-related patent applications in Q3 2023 compared with the previous quarter. The total number of ecommerce-related grants dropped by 30% 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 ecommerce-related patent applications in the consumer industry was 146 in Q3 2023, versus 214 in the prior quarter.
The top five companies accounted for 36% of patenting activity
Analysis of patenting activity by companies shows that L'Oreal filed the most ecommerce patents within the consumer industry in Q3 2023. The company filed 14 ecommerce-related patents in the quarter, compared with 11 in the previous quarter. It was followed by Rakuten Group with 11 ecommerce patent filings, Procter & Gamble (9 filings), and LG (9 filings) in Q3 2023.
Patenting activity was driven by the US with a 22% share of total patent filings
The largest share of ecommerce related patent filings in the consumer industry in Q3 2023 was in the US with 22%, followed by Japan (20%) and South Korea (12%). The share represented by the US was 4% lower than the 26% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.