Proof Point
Global utility model applications grew from 0.3 million in 2006 to 1.2 million in 2015, annual increase of 18.1%
Global Number of Utility Model Applications
2006 – 2015 (millions)
Proof Point Findings
- Utility Model – Intellectual property similar to patent, granting exclusive right to invention hindering others from making or selling invention, but for shorter period of time, with faster approval, less requirements, and offered in fewer countries than standard patent application processes
- Steady Growth – Increased annually by 18.1% from 0.3 million in 2006 to 1.2 million in 2015
- Growth Rebound – Grew again in 2015 to highest level of 1.2 million after dipping shortly in 2014 due to decline in filings in China, Germany, Russia, Ukraine, Korea, Japan, and Brazil
- Key Drivers – Include intensifying global competition, increasing pace of technology innovation, China's increasing focus on innovative activities to grow economy, and drive for easier, faster, and less expensive protection in developing countries compared to conventional patents
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Market Disruption |
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Sector |
Cross-sector
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Date Last Updated |
June 2, 2017
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