What is Patent Licensing Market?
Patent licensing is a process in which the owner of a patent gives permission to another person or entity to make, use, or sell a product. Many large industries are building and managing a strong patent portfolio to generate revenue and maintain a technological advantage in the market. Patent licensing is gaining popularity due to low license payments and cost-effectiveness than in-house R&D. By licensing the patent, the licensee can commercialize products without developing and gain a competitive advantage over the rivals especially if their license is exclusive.
Highlights from Patent Licensing Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Devoip Research (India), Ediplis Counsels (India), Excelon IP (India), TechPats (United States), Nokia (Finland), General Electric (United States), Qualcomm (United States), PatentsKart (India), Toyota (Japan), Sagacious IP (United States), aera a/s (Denmark), Ericsson (Sweden) and Samsung (South Korea) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Patent Licensing market throughout the forecasted period.
Devoip Research (India), Ediplis Counsels (India), Excelon IP (India), TechPats (United States), Nokia (Finland), General Electric (United States), Qualcomm (United States), PatentsKart (India), Toyota (Japan), Sagacious IP (United States), aera a/s (Denmark), Ericsson (Sweden) and Samsung (South Korea) are some of the key players profiled in the study. Patent Licensing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Personal and Enterprises |
Type | Exclusive Licensing and Non-Exclusive Licensing |
Vertical | IT & Telecom,Automotive,Consumer Goods,Healthcare & Pharmaceuticals,Media & Entertainment,Others |
Enterprise Size | Small & Medium Enterprises,Large Enterprises |
Service Type | Online Appointments,On-Site Service |
On the basis of geography, the market of Patent Licensing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Surging Demand for Patent Licensing in the IT & Telecom Industry as New Technology is Costly and Time-Consuming to Develop and Growing Popularity of Licensing Patents to Generate Revenue and Access New Markets
Challenges:
Some Restrictions in Licensing Agreements and Risk of Patent Theft by Licensee
Restraints:
Poor Strategy or Execution of Product or Service by the Licensee May Affect the Brand or Product Reputation
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Patent Licensing Providers, IP Royalty Management Solution and Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, Industry Verticals and Others
Market Leaders & Development Strategies
In May 2021, Ericsson and Samsung signed a global patent license agreement for cellular technologies including 5G network infrastructures and handsets. Ericsson has made significant investments in R&D and the development of 5G network infrastructure and mobile standards.