Siemens leads in European patent applications

Siemens leads in European patent applications

Business news |
By Nick Flaherty

The 2,493 patent applications saw Huawei in second place, followed by Samsung and LG.  The last time the company was ranked top in Europe was in 2011.

More than 25 percent of the patents are in the areas of Industry 4.0 and digitalization, where Siemens submitted considerably more applications for intellectual property rights than in 2017. The company also reported a substantial increase in the areas of artificial intelligence and cybersecurity.

“The ranking proves that Siemens is continually and consistently delivering outstanding innovation work, in particular, in digital technologies,” said Beat Weibel, head of the Intellectual Property department at Siemens (above). “Nevertheless, our focus is not just on the mere number of patents but also on the quality and the broad regional distribution of our protective rights. Above all, digitalization and the importance of the service business are making broader coverage necessary.”

Siemens holds a total of more than 65,000 patents. The company’s employees submitted around 3,900 patent applications and 7,300 invention disclosure reports worldwide in fiscal 2018. Based on 220 workdays a year, this represents an average of about 33 inventions per day. Siemens has around 43,000 R&D employees in 44 countries, including some 14,100 in Germany.

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