U.S. Granted Patents: Design Patents Originating in the United States
PATENTUSALLDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,701.00
Year-over-Year Change
29.08%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in the United States' trend measures the number of design patents granted by the U.S. Patent and Trademark Office to domestic inventors. This metric provides insight into domestic innovation and entrepreneurial activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Design patents protect new, original, and ornamental designs for manufactured products. Tracking this data helps analysts and policymakers understand trends in U.S. innovation, commercialization, and technological competitiveness compared to other countries.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on granted design patent applications.
Historical Context
This metric is used by economists, investors, and government agencies to assess the health and direction of the U.S. innovation ecosystem.
Key Facts
- Design patents issued in the U.S. have tripled since 1990.
- China overtook the U.S. as the top source of design patents in 2015.
- Automotive, furniture, and electronics are the top design patent categories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted by the U.S. Patent and Trademark Office to inventors based in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent data provides insights into domestic innovation, entrepreneurial activity, and technological competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on granted design patent applications.
Q: How is this trend used in economic policy?
A: Economists, investors, and government agencies use this metric to assess the health and direction of the U.S. innovation ecosystem.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have a short delay compared to real-time activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in the United States (PATENTUSALLDESIGN), retrieved from FRED.