WIPO short for World Intellectual Property Organisation is one of the world’s largest consortium for filing and granting patents. According to a report originating from the organisation, in the year 2018, China’s application for patents reached a record 1.54 million — this number is nearly half of all the patent applications filed worldwide. Unsurprisingly, a larger share of these Chinese applications was in the field of telecommunications and computer technology.
In comparison to 2017, China’s share has increased by 11.6% which is greatly influenced by the factor of seeking patent protection from other corporations within the country. The country that comes in at number two for the most number of patents filed in 2018 is the United States. Innovators and companies from the country filed close to 600,000 patents in this year which is 1.6% less compared to the preceding year.
Speaking of aggregate numbers, in 2018, innovators across the globe filed for 3.3 million patents, 14.3 million trademark applications and 1.3 million industrial applications. Noteworthy, out of these applications more than two-thirds originated from Asia.
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Francis Curry who is the director of WIPO said “Asia increasingly became the global centre of international patent applications “. Moreover, he praised China and made the following statement:
China has always been a major driving force. From the number of applications from China or China, the number of applications from the China office is indeed very amazing.”
Another country that he pointed out was India saying the their “growth is amazing”.
While addressing the number of patents filed overseas in 2018, the U.S. applicants filed close to 230,000 patent applications whereas China filed 66,400 about patents.
To wrap things up, it can be said that China is no longer just the manufacturing hub of the world but innovators and corporations in the country also want to come out as the centre for developing Intellectual properties.
(via)
