The WIPO Patent Filings Report was published last month and at first glance 2009 seems like a year when innovation was held back by the economic turmoil especially across developed countries. Overall the report shows a 4.5% decline in filings from the 2008 figures but despite the decline, it also reveals some interesting insights into the changing face of innovation globally. Here are just some of the insights the 2009 international patent filings reveal:
Industrialized Nations Vs Developing Nations
Are the innovation efforts of more industrialized nations more susceptible to significant declines as a result of the economic conditions as compared to the developing counties? The filings seem to suggest so. While USA, Germany, Sweden and Canada showed declines of 11.4%, 11.2%, 11.3% and 11.7% respectively, China had an increase of 29.7% in patent filings.
Top 5 Counties for Patent Filings & How They Fared In 2008 vs 2009
Electronics Dominate The Applications
The electronics industry dominated the patent filings charts with most of the top 10 and a significant portion of the top 100 featuring electronics manufacturers. Japans Panasonic Corp, China’s Huawei Technologies and Germany’s Robert Bosch GMBH taking the top three spots.
Developing Countries To Look Out For
Korea, China, India, Brazil and South Africa lead patent filings from developing countries with Turkey, Malaysia, Mexico and Barbados close behind. Korea and China which were earlier looked upon more as manufacturing centers of the world are rapidly evolving to becoming innovative economies as figures show.
In terms of share in filings amongst developing countries, Korea and China lead with a sizable lead over the rest and competitively gaining ground over several developed nations too.
While 2009 with it’s economic significance may not be indicative of the upcoming years, the WIPO patent filings show there are some significant global implications to how the world’s innovation centers are evolving.