Kilpatrick Townsend & Stockton and GreyB Services recently released their findings from The First Annual Kilpatrick Townsend & GreyB Services Patenting Trends Study. The Study provides clear and actionable information that assists decision makers in envisioning the technological future of their respective industries and setting their companies’ strategies over the coming years and decades in an increasingly globalized economy.
Patent activity provides an important signal that is helpful in identifying and forecasting industry trends including the development of new products and services. It can predict the future focus of individual competitors within an industry, foresee the entry of new players into a particular market, identify potential acquisition or joint venture targets, identify geographic innovation clusters, and recognize competitors that may be gearing up for litigation by how they amass patents in a specific niche.
In the Study, Kilpatrick Townsend and GreyB analyzed a proprietary dataset of U.S. patenting activity. Automated and manual review allowed this study to be conducted at the industry level, with a focus on 12 industry areas, including Cleantech.
Below find some key takeaways: