The global construction industry experienced a 42% decline in the number of robotics-related patent applications in Q3 2023 compared with the previous quarter. The total number of robotics-related grants dropped by 54% 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.
Notably, the number of robotics-related patent applications in the construction industry was 70 in Q3 2023, versus 121 in the prior quarter.
The top five companies accounted for 30% of patenting activity
Analysis of patenting activity by companies shows that Korea Institute of Industrial Technology (KITECH) filed the most robotics patents within the construction industry in Q3 2023. The company filed 7 robotics-related patents in the quarter, compared with 7 in the previous quarter. It was followed by State-owned Assets Supervision and Administration Commission of the State Council with 6 robotics patent filings, Caterpillar (4 filings), and Country Garden (2 filings) in Q3 2023.
Patenting activity was driven by China with a 29% share of total patent filings
The largest share of robotics related patent filings in the construction industry in Q3 2023 was in China with 29%, followed by the US (23%) and South Korea (16%). The share represented by China was 9% lower than the 38% share it accounted for in Q2 2023.
For further understanding of GlobalData's Construction: Patents Trends Q3 2023, buy the databook here.