Patent Value Characterization -- An Empirical Analysis of Elevator Industry Patents

TL;DR

This paper empirically analyzes patents in the elevator industry to understand their value and contribution to innovation, highlighting global trends and emerging market growth.

Contribution

It provides a detailed empirical assessment of elevator industry patents, offering insights into patent value and industry innovation dynamics.

Findings

Global patent applications have increased for eight consecutive years.

Emerging markets like China and India are becoming key players.

Patent activity is linked to overall industry expansion.

Abstract

The global patent application count has steadily increased, achieving eight consecutive years of growth.The global patent industry has shown a general trend of expansion. This is attributed to the increasing innovation activities, particularly in the fields of technology, healthcare, and biotechnology. Some emerging market countries, such as China and India, have experienced significant growth in the patent domain, becoming important participants in global patent activities.