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European patent applications hit record high in 2023

Published 03/18/2024, 07:09 PM
Updated 03/19/2024, 05:56 AM
© Reuters. FILE PHOTO: A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 9, 2024. REUTERS/Gonzalo Fuentes/File Photo
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(Fixes abbreviation (EPO not EPA) in first and fifth paragraph)

(Reuters) -The European Patent Office (EPO) 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 (KS:005930), LG, Qualcomm (NASDAQ:QCOM), Ericsson (BS:ERICAs), and Siemens.

Patent applications are seen as an early indication of how much firms have been spending on research and development.

© Reuters. FILE PHOTO: A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 9, 2024. REUTERS/Gonzalo Fuentes/File Photo

"This underlines both the attractiveness of the European technology market and the high quality of our products and services," EPO President Antonio Campinos said in a statement.

Applications from small and medium-sized enterprises have reached the highest level to date, he added.

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