A Global View of Innovation

A global view of innovation

Every day, a huge number of patents are filed for new technologies. If you have ever wondered which field of technology is developing at a faster rate than any other, then LexisNexis® Cipher has the answer for you. Our report on a global view of innovation used our unique Universal Technology Taxonomy to provide a breakdown of the world’s inventions and activity into individual technology sectors.

What our Global Innovation report identifies

  • The technology sectors that patents are assigned to
  • Growth in technology areas
  • The top owners of high-growth technological inventions

We estimate that there are close to 25 million protected inventions registered in territories across the world. If we exclude inventions that are registered in China only then the number drops to 7.9 million.  Please see the full report for further details.

Cipher’s Universal Technology Taxonomy

Cipher’s unique Universal Technology Taxonomy (UTT) takes millions of assets and sorts them into:

  • 10 Technology Superclasses
  • 122 Technology Sub-classes

The UTT supports data exploration to answer patent search questions.  It also demonstrates a range of intelligence for benchmarking, competitor analysis and investment activity.

With relative ease, the UTT can figure out the innovation leaders and laggards in particular area of technology, such as sustainable development.

Learn more about the Universal Technology Taxonomy.

Universal Technology Taxonomy
UTT Super-classes

Published inventions

  • Telecommunications and life sciences show inflection points by having the highest relative growth in the share of activity (for 2022 date vs 2021).
  • Wireless networks and cleaning technologies are driving the growth in these two areas.

Inventions which have patents granted or pending

Mechanical was the area of technology where the most patents were granted or are pending.

Automotive firms such as ToyotaHyundai and Volkswagen dominate, creating technologies such as:

  • Airbags
  • Doors
  • Fasteners
  • Furniture
  • Hinges

View or download the report to:

  • See the share of inventions a particular technology area has
  • Learn which invention areas are showing the most growth

Use cases enabled by patent analytics

Become more effective at managing your patent portfolio, identify worldwide relevant patents and technology trends, assess the competitive landscape, and find partners and licensing opportunities.

R&D and innovation

Improve innovation with a clearly defined IP strategy that is connected to the business goals and alerts for new entrants and potential partners.

intelligence & benchmarking

Base decision making on true patent portfolio strength and quality indicators while relying on industry-proven KPIs to track your competitors’ progress.

Portfolio optimization

Answer key questions to define international patent filing strategy, increase portfolio efficiency, and identify competitive strengths and weaknesses.

Disruptive technology scouting

Identify disruptive innovations and promising startups to help you gain a competitive edge.

Risk assessment

Stay one step ahead of your competition, disruptive technologies, important patent activity in China, and/or NPE threats. Efficiently assess the value or risk of acquisition targets.

Licensing & monetization

With analytics on all patent portfolios in all technologies, you can evaluate your most valuable patents for licensing and even identify potential licensees.

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