The global consumer industry experienced a 41% decline in the number of internet of things-related patent applications in Q3 2022 compared with the previous quarter. The total number of internet of things-related grants dropped by 14% in Q3 2022, according to GlobalData’s whitepaper on Internet of Things in Consumer – Patenting Activity in Q3 2022.

Notably, the number of internet of things-related patent applications in the consumer industry was 347 in Q3 2022, versus 585 in the prior quarter.

The top five companies accounted for 32% of patenting activity

Analysis of patenting activity by companies shows that Haier Group filed the most internet of things patents within the consumer industry in Q3 2022. The company filed 36 internet of things-related patents in the quarter, compared with 91 in the previous quarter. It was followed by GuangDong OPPO Mobile Telecommunications with 35 internet of things patent filings, LG (16 filings), and NIKE (13 filings) in Q3 2022.

Patenting activity was driven by the US with a 34% share of total patent filings

The largest share of internet of things related patent filings in the consumer industry in Q3 2022 was in the US with 34%, followed by China (16%) and South Korea (5%). The share represented by the US was 12% higher than the 22% share it accounted for in Q2 2022.

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.