The global consumer industry experienced a 16% decline in the number of cybersecurity-related patent applications in Q1 2024 compared with the previous quarter. The total number of cybersecurity-related grants dropped by 10% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q1 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 cybersecurity-related patent applications in the consumer industry was 576 in Q1 2024, versus 687 in the prior quarter.
The top five companies accounted for 60% of patenting activity
Analysis of patenting activity by companies shows that Intel filed the most cybersecurity patents within the consumer industry in Q1 2024. The company filed 98 cybersecurity-related patents in the quarter, compared with 106 in the previous quarter. It was followed by Guangdong Oppo Mobile Telecommunications with 80 cybersecurity patent filings, Vivo Mobile Communication (71 filings), and LG (67 filings) in Q1 2024.
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 Q1 2024 was in the US with 40%, followed by China (17%) and Japan (5%). The share represented by the US was 5% higher than the 35% share it accounted for in Q4 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q1 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.
