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19th July 2022

A global view of innovation

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Introduction

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 Cipher  has the answer for you.

Our report 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

To create this report, we ran the 7.9 million assets through Cipher’s unique Universal Technology Taxonomy (UTT).

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 Insight Analysis

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.

 

Number of inventions published 2018 - 2022

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 Chan, Head of Patents, Meta

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

Access the full report

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

Global innovation overview

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Improve your patent strategy now

Speak to the Cipher team today.