European patent applications hit record high in 2023
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(Reuters) – The European Patent Office (EPA) received a record number of patent applications last year, with the biggest share of fillings coming from the United States, Germany, Japan and China, the office’s register showed on Tuesday.
The office said it received 199,275 applications in 2023, 2.9% more than a year ago.
China’s Huawei filled the largest number of applications for the third year in a row, followed by Samsung, LG, Qualcomm, Ericsson, and Siemens.
Patent applications are seen as an early indication of how much firms have been spending on research and development.
“This underlines both the attractiveness of the European technology market and the high quality of our products and services,” EPA President Antonio Campinos said in a statement.
Applications from small and medium-sized enterprises have reached the highest level to date, he added.
(Reporting by Christian Kraemer, writing by Andrey Sychev, editing by Rachel More)
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.
