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. 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. “With improvements in AI technology and other analytics platforms like Cipher, today we are able to understand the numbers of patents that are relevant to certain technology areas at a push of a button.” Jeremiah ChanHead of PatentsMeta 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 Toyota, Hyundai 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 access the report 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. learn more Competitiveintelligence & benchmarking Base decision making on true patent portfolio strength and quality indicators while relying on industry-proven KPIs to track your competitors’ progress. learn more Portfolio optimization Answer key questions to define international patent filing strategy, increase portfolio efficiency, and identify competitive strengths and weaknesses. learn more Disruptive technology scouting Identify disruptive innovations and promising startups to help you gain a competitive edge. learn more 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. learn more 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. learn more Was this post helpful? Let us know if you liked the post. That’s the only way we can improve. Yes No
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. 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. “With improvements in AI technology and other analytics platforms like Cipher, today we are able to understand the numbers of patents that are relevant to certain technology areas at a push of a button.” Jeremiah ChanHead of PatentsMeta 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 Toyota, Hyundai 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 access the report 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. learn more Competitiveintelligence & benchmarking Base decision making on true patent portfolio strength and quality indicators while relying on industry-proven KPIs to track your competitors’ progress. learn more Portfolio optimization Answer key questions to define international patent filing strategy, increase portfolio efficiency, and identify competitive strengths and weaknesses. learn more Disruptive technology scouting Identify disruptive innovations and promising startups to help you gain a competitive edge. learn more 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. learn more 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. learn more Was this post helpful? Let us know if you liked the post. That’s the only way we can improve. Yes No
