Patent Applications Grow 13.6% In FY22, Highest In A Decade: Nasscom Report
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India has witnessed a significant increase in patent filings in FY2022, with a growth of 13.6 per cent year on year – the highest annual increase in the last decade, according to a report by Nasscom, the industry body of technology companies.
The report titled ‘Unpacking India’s IP Ecosystem for an Innovation-led future’ says the rapid growth in emerging technologies is driving innovation and the emergence of new solutions across several industries. The report analyses some 584,000 patents filed in India between FY2010 and FY2022.
The study says uncertainty on timelines for granting patents, and response from examiners, lack of expertise at the patent office, certain legal clauses delaying process and cost overruns for patent filing are the key challenges highlighted by stakeholders. Other roadblocks include cumbersome patent filing process, lack of recognition for patents compared to research publications, lack of software patentability and awareness on incentives and schemes across filers were also adversely impacting the growth of patents.
In CY2021 3.4 Million were filed across the world
1.59 million applications were received by China patent office in 2021, more than double the number received at the US patent office
India ranks fifth in patent applications with 61,573 applications filed in 2021
1.8% India’s share in total patent applications filed across the world in 2021
Blockchain related patents growing at highest CAGR of 25%+ (though on a small base) over the 2010-2022
AI growing at 17% and IoT at over 15%
50%+ of technology patents were from AI, IoT, Big Data, Cybersecurity, and Blockchain domains
· 2.4% of the total patents filed in the telecommunications sector were related to emerging areas of 5G and 6G
· Percentage of patents filed by domestic players out of all patents filed in the country: 44.4% in FY22 vs 41.6% in 2021
Huge gap compared to global counterparts
20 domestic patent applications per million population in India, compared to 1,770 in Japan as of 2021
The average pendency time on a patent in India is 3X compared to Japan
Uncertainty on timelines for granting patents and response from examiners
Lack of expertise at the patent office
Certain legal clauses delaying the process
Cost overruns for patent filing
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