The global consumer industry experienced a 43% decline in the number of ecommerce-related patent applications in Q3 2024 compared with the previous quarter. The total number of ecommerce-related grants dropped by 5% 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 ecommerce-related patent applications in the consumer industry was 146 in Q3 2024, versus 257 in the prior quarter.
The top five companies accounted for 34% of patenting activity
Analysis of patenting activity by companies shows that L'Oreal filed the most ecommerce patents within the consumer industry in Q3 2024. The company filed 19 ecommerce-related patents in the quarter, compared with 12 in the previous quarter. It was followed by Brother Industries with 9 ecommerce patent filings, Rakuten Group (7 filings), and LG (7 filings) in Q3 2024.
Patenting activity was driven by the US with a 32% share of total patent filings
The largest share of ecommerce related patent filings in the consumer industry in Q3 2024 was in the US with 32%, followed by Japan (14%) and China (6%). The share represented by the US was 7% higher than the 24% 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.
