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.
The market study is being classified by Type (Exclusive Licensing and Non-Exclusive Licensing), by Application (Personal and Enterprises) and major geographies with country level break-up.
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.
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 predicted period.
Analyst at AMA have segmented the market study of Global Patent Licensing market by Type, Application and Region.
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.
- Surging Demand for Patent Licensing in the IT & Telecom Industry as New Technology is Costly and Time-Consuming to Develop
- Growing Popularity of Licensing Patents to Generate Revenue and Access New Markets
- Poor Strategy or Execution of Product or Service by the Licensee May Affect the Brand or Product Reputation
- Some Restrictions in Licensing Agreements and Risk of Patent Theft by Licensee
Market Leaders and some 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.
Key Target AudienceNew 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Patent Licensing Market?
"Surging Demand for Patent Licensing in the IT & Telecom Industry as New Technology is Costly and Time-Consuming to Develop
" is seen as one of major growth factors of Patent Licensing Market in years to come.
2. Can we have customized study for Patent Licensing Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Patent Licensing Market?
United States will lead Patent Licensing Market in coming years.