First Annual Patenting Trends Study Provides Decision Makers With Clear and Actionable Information for 12 Economically Significant Industries
WASHINGTON, D.C. (May 1) – Kilpatrick Townsend & Stockton and GreyB Services released today their findings from The First Annual Kilpatrick Townsend & GreyB Services Patenting Trends Study (Study). The Study provides clear and actionable information that assists decision makers in envisioning the technological future of their respective industries and setting their companies’ strategies over the coming years and decades in an increasingly globalized economy.
Patent activity provides an important signal that is helpful in identifying and forecasting industry trends including the development of new products and services. It can predict the future focus of individual competitors within an industry, foresee the entry of new players into a particular market, identify potential acquisition or joint venture targets, identify geographic innovation clusters, and recognize competitors that may be gearing up for litigation by how they amass patents in a specific niche.
Key overall trends from the Study include:
In the Study, Kilpatrick Townsend and GreyB analyzed a proprietary dataset of U.S. patenting activity that extends through 2018. Automated and manual review allowed this study to be conducted at the industry level, with focus on the following 12 industry areas.
Key industry-specific trends from the Study that Corporate America should pay close attention to, include:
Because of the rapid pace of innovation in these industries, this study and the dataset on which it is based will be updated annually.
To obtain a copy of The First Annual Kilpatrick Townsend & GreyB Services Patenting Trends Study, please click here.