European Patent Filings Growth Rates and Top Trends
The European Patent Office (EPO) offers inventors a uniform application procedure which enables them to seek patent protection in up to 40 European countries. Each year, the EPO produces an annual report, which presents highlights and statistics relating to European patent applications for each year. You can view the report here: EPO Annual Report 2014.
According to the 2014 Annual Report issued by the EPO, there were a record number of patents filed in Europe in 2014. The report showed a number of key trends for 2014:
- Patents filings at the EPO grew for the fifth year in a row to reach 274,174 in 2014. This was an increase of 3.1% over 2013 and the highest number ever.
- In terms of volume, Europe filed 35% of all patents with the US filing 26%, Japan filing 18% and China at 9%.
- Comparing growth rates for patents applied at the EPO, European countries rose 1.2% and China showed the biggest growth at 18% followed by the US who was up nearly 7%, Korea grew by 2% and Japan dropped by 4%.
- Within Europe, France, UK and Netherlands witnessed strong growth and Switzerland and Germany filed fewer applications in 2014.
- The most active technical sectors for patent application in 2014 were medical technical (11,124) followed by electrical machinery (10,944) and digital communication (10,018).
- Samsung headed the list again for highest number of patent applications at EPO followed by Phillips and Siemens.
- According to EPO statistics, five companies from Europe made it into the top ten applicants in 2014 with three from Asia and two from the US.
Patents are of great significance to the European economy. They represent innovation and progress. The European Patent Office supports innovation in Europe and beyond. To see the EPO report in full, click here.
As a leader in the global patent translation industry, Park IP Translations provides foreign filing solutions for clients all over the world. We manage the filing process along with translation of patent applications. Part of this process is to liaise closely with each local patent office and our clients. Tracking patent trends and changes in application procedure is crucial to ensure all applications are represented correctly for each European country.
For more information on the EPO, visit http://www.epo.org.