The global consumer industry experienced a 47% decline in the number of future of work-related patent applications in Q2 2023 compared with the previous quarter. The total number of future of work-related grants dropped by 40% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, the number of future of work-related patent applications in the consumer industry was 608 in Q2 2023, versus 1,156 in the prior quarter.
The top five companies accounted for 34% of patenting activity
Analysis of patenting activity by companies shows that Haier Group filed the most future of work patents within the consumer industry in Q2 2023. The company filed 70 future of work-related patents in the quarter, compared with 126 in the previous quarter. It was followed by Gree Electric Appliances Inc of Zhuhai with 66 future of work patent filings, Brother Industries (33 filings), and Robert Bosch Stiftung (21 filings) in Q2 2023.
Patenting activity was driven by the US with a 41% share of total patent filings
The largest share of future of work related patent filings in the consumer industry in Q2 2023 was in the US with 41%, followed by China (39%) and Japan (10%). The share represented by the US was 8% higher than the 33% share it accounted for in Q1 2023.
For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.