Innovation perseveres... China is leading the way
Number of international patents application filing from China rose by more than 16% last year to 68,720. China has become the largest international patents filing country in the world since 2018 while the country only entered top 10 in 2005.
Total international patents filed in 2020 reached the highest number ever to 275,900. The USA and Korea grew with respectively 3% and 5% in 2020 while Japan and Germany filed about 4% less patents compared to 2019.
For the 4th consecutive year, Huawei was top filer in 2020 with 5,464 published applications. Followed by Samsung (3,093), Mitsubishi (2,810), LG (2,759) and Qualcomm (2,173).
Six of the top 10 technologies recorded double-digit growth in 2020, with audio-visual technology reporting the fastest rate of growth, +29.5%, compared to 8.7% the previous year. Followed by digital communication (+15.8%), computer technology (+13.2%), measurement (+10.9%), semiconductors (+10.1%) and pharmaceuticals (+10%).
China's drive for patents will not halt soon. One key takeaway of the Two Sessions, China's annual political meeting last week, is that R&D spending will increase by more than 7% annually during China's 14th Five-Year Plan (2021-2025). This adds up to an extra of about USD 25 billion.
Basic research spending will increase by more than 10%.
These policies will stimulate the roadmap to higher high-tech self-sufficiency but also groundworks for global multilateral and equal collaboration through patents and intellectual property in international science and high-tech projects.
Source graph : 𝗪𝗜𝗣𝗢, 𝗪𝗼𝗿𝗹𝗱 𝗜𝗻𝘁𝗲𝗹𝗹𝗲𝗰𝘁𝘂𝗮𝗹 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻. Read more numbers and details in following link : https://www.wipo.int/pressroom/en/articles/2021/article_0002.html