The global consumer industry experienced a 19% decline in the number of cybersecurity-related patent applications in Q3 2024 compared with the previous quarter. The total number of cybersecurity-related grants dropped by 12% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q3 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 587 in Q3 2024, versus 729 in the prior quarter.
The top five companies accounted for 57% of patenting activity
Analysis of patenting activity by companies shows that Intel filed the most cybersecurity patents within the consumer industry in Q3 2024. The company filed 99 cybersecurity-related patents in the quarter, compared with 115 in the previous quarter. It was followed by Guangdong Oppo Mobile Telecommunications with 73 cybersecurity patent filings, LG (73 filings), and Vivo Mobile Communication (63 filings) in Q3 2024.
Patenting activity was driven by the US with a 49% share of total patent filings
The largest share of cybersecurity related patent filings in the consumer industry in Q3 2024 was in the US with 49%, followed by China (16%) and Japan (5%). The share represented by the US was 13% higher than the 36% share it accounted for in Q2 2024.
For further understanding of GlobalData's Consumer: Patents Trends Q3 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.
