America is one of the leading giants in every field, whether its technology, Military or Economy. This trend seems to be changing now, as China have broken America’s Streak of 41 years as the leading patent filer. China have overtaken America as the leading Patent Filer by filing 58,990 patents as compared to America’s 57,840 patents.
One of the leading tech giant of China, Huawei is one of the main players in patent filing, courtesy the company is spending huge amount of money in Research&Development. The report has been confirmed by World Intellectual Property Organization. The report of WIPO revealed that Huawei alone have filed a 4,411 patents under the International Patent System or IPS which makes company the top patent filer globally.
China is also one of the major competitors of America in Economic terms. With this win China has become the biggest user of IPS which helps to spread innovation across the globe. Surprisingly, China have increased the patents two hundred folds in the last two decades, which is a massive growth.
“A statement have been given WIPO’s Director General Francis Gurry where he stated, “2019 was the year that was.… Last year was the best year we have experienced in the course of the past decade. In fact, it was the best year we have experienced in the history of the Organization”.
“China’s rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications. China’s rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications”.
Apart from Huawei, Mitsubishi Electric Corp, Samsung Electronics and Qualcomm has been ranked as 2nd, 3rd and 4th positions with 2661, 2127 and 1927 patents respectively.