IoT Industry (US) – Patent Innovation and Trends

The Internet of Things (IoT) has woven itself into the fabric of our lives, connecting devices from smartwatches to self-driving cars. But this phenomenal growth isn’t just about convenience – it’s also sparking a patent filing frenzy.

The period between 2007 and 2018 witnessed a gradual rise in IoT patent filings in the US, peaking in 2015, as reflected in the patenting trends. We observed a surge in filings for Automotive, Smart City, Healthcare, indicating a strong focus on developing innovative solutions for these sectors.

Further analysis of the leading patent filers reveals a telling trend. The presence of several automotive giants (GM, Ford, Toyota) and prominent chipmakers (Qualcomm) suggests a strong focus on developing technologies related to connectivity, hardware components, and in-vehicle communication for the connected car revolution. This highlights the crucial role of these industries in shaping the future of transportation and mobility through IoT advancements.

A McKinsey study estimates the potential economic impact of Internet of Things to be $2.7 trillion to $6.2 trillion per year by 2025 with applications in Healthcare, Manufacturing, Power, Urban Infra-Structure, Security, Vehicles and Agriculture.

Uncover the full picture of IoT innovation! This report delves deeper into the technology trends shaping the future of the industry, explores the leading innovators driving regional growth, and offers a wealth of insights into this dynamic field.

This analysis is based on published US patent data from 2007-2018. Interested in the updated analysis?

What is the patent filing trend in IoT?

The chart below represents the patent filing trend in US within the IoT industry from the year 2007 to 2018.

IoT Industry Patent Filing Trend

Major reasons for the increase in the number of IoT patents were increased smartphone usage, a rise in the number of devices with in-built sensors, and declining technology costs.

The table below provides the number of applications filed and the number of patents granted from the year 2010 to 2018.

YearApplications Filed in IoT IndustryPatents Granted in IoT Industry
2018546705
201734915359
201679913359
201586252739
201470622300
201350481783
201242471456
20113630916
20102940524

Technology Overview of IoT Patents

Technology Overview of IoT Industry

The Internet of Things (IoT) connects the physical world to the digital by equipping objects with sensors, actuators, and communication technology. Interestingly, the surge in patent filings for IoT technologies reflects a strong focus on the fundamental building blocks: sensors and actuators. These components play a crucial role in collecting data and enabling physical actions within IoT systems.

Key companies filing patents in IoT

The chart below showcases the top 15 companies actively involved in research and development for innovations and technological advancements in IoT industry.

Leading Companies of IoT Industry

Samsung with 2434 patent filings has emerged as the top filer with Qualcomm taking the second spot with 1827 patent filings. The distribution of the patents is concentrated with the top filer having around 16% of the total patent filings. Such distribution is indicative of the fact that there is a potential for higher licensing costs and more patent litigations!

It is also observed that amidst big players like Samsung, and Qualcomm etc., some NPEs like ETRI also have high patent filings in IoT. The emergence of such NPEs in the list of top players and the concentrated distribution of patent filings indicates that there is a heightened risk of patent litigation and potential barriers to market entry within the field of IoT.

Technology Overview of Key Companies in IoT

This analysis provides an insight into areas of focus and innovations of companies thereby offering comprehensive snapshot of their contributions to the dynamic landscape of IoT technology.

The technology overview reveals a focus on diverse areas such as Communication Techniques, Automotive and Wireless Protocols tailored to various industries.

Technology VS Leading Companies of IoT Industry

The table below shows the number of patents assigned to the top 25 companies in the IoT industry.

CompaniesPatents
Samsung2434
Qualcomm1827
LG1300
Ericsson1234
IBM1186
Intel895
General Motors811
Ford Motor781
Toyota718
Denso582
Microsoft538
Sony477
Honeywell475
Hyundai461
General Electric461
Cisco460
ETRI454
At&T454
Google432
Robert Bosch429
Huawei419
Honda Motor328
Verizon311
Nokia301
Philips289

Who are the leading innovators in IoT?

The table below shows the number of patents assigned to the top 25 inventors in the IoT industry.

Inventors NamePatent Count
Chen Wanshi248
Gaal Peter220
Seo Hanbyul218
Xu Hao212
Luo Tao202
Vasseur Jean-Philippe180
Ji Tingfang157
Kim Kijun157
Li Junyi139
Park Jonghyun125
Hyde Roderick A108
Yi Yunjung102
Wood Lowell L99
Kazmi Muhammad95
Cho Hangyu92
Sun Jing90
Jiang Jing89
Alberto Rico Alvarino88
Montojo Juan86
Stahlin Ulrich82
Lee Seung Min81
Kim Hakseong81
Soriaga Joseph Binamira71
Wang Renqiu70
Merlin Simone69

Where are the Research Centers of IoT patents located?

The chart provides a snapshot of key contributors in the industry highlighting their pivotal role in developing novel approaches and solutions in IoT industry.

R&D Centres of IoT Industry

The United States is leading with highest number of patents showcasing its significant role in innovations and technological advancements in IoT industry. South Korea and Japan following the US in patent filings indicate a focus on research and development (R&D) of IoT technologies in these Asian countries.

Leading companies in USA filing patents in IoT

The chart below depicts the distribution of patents owned by the leading companies within United States of America involved in the IoT industry.

Leading Companies of IoT in USA
Technology Overview of Key Companies in USA

The technological categorization of patents related to IoT industry within United States of America ranges from Communication Techniques to Healthcare.

Technology Overview VS Leading Companies of IoT in US
Leading companies in South Korea filing patents in IoT

The chart below depicts the distribution of patents owned by the leading companies within South Korea involved in the IoT industry.

Leading Companies of IoT in South Korea
Technology Overview of Key Companies in South Korea

The technological categorization of patents related to IoT industry within South Korea ranges from Automotive to Industry & Supply Chain.

Technology Overview VS Leading Companies of IoT in South Korea
Leading companies in Japan filing patents in IoT

The chart below depicts the distribution of patents owned by the leading companies within Japan involved in the IoT industry.

Leading Companies of IoT in Japan
Technology Overview of Key Companies in Japan

The technological categorization of patents related to IoT industry within Japan ranges from Smart City to Healthcare.

Technology Overview VS Leading Companies of IoT in Japan

Need to know anything else? We got you covered!

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Our comprehensive report provides an in-depth look into the patent portfolio. The report includes a breakdown of the patent portfolio across various technologies, listing the patent along with brief summaries of each patent's technology.