The global construction industry experienced a 34% decline in the number of cybersecurity-related patent applications in Q3 2023 compared with the previous quarter. The total number of cybersecurity-related grants rose by 16% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Construction: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of cybersecurity-related patent applications in the construction industry was 68 in Q3 2023, versus 103 in the prior quarter.
The top five companies accounted for 63% of patenting activity
Analysis of patenting activity by companies shows that Assa Abloy filed the most cybersecurity patents within the construction industry in Q3 2023. The company filed 18 cybersecurity-related patents in the quarter, compared with 29 in the previous quarter. It was followed by Allegion with 18 cybersecurity patent filings, Hitachi (3 filings), and Toto (2 filings) in Q3 2023.
Patenting activity was driven by the US with a 29% share of total patent filings
The largest share of cybersecurity related patent filings in the construction industry in Q3 2023 was in the US with 29%, followed by Australia (9%) and China (9%). The share represented by the US was 2% lower than the 31% share it accounted for in Q2 2023.
For further understanding of GlobalData's Construction: Patents Trends Q3 2023, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
