U.S. Granted Patents: Design Patents Originating in Montana
PATENTUSMTDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
12.50%
Date Range
1/1/1992 - 1/1/2020
Summary
This trend measures the number of design patents originating in the U.S. state of Montana. Design patents protect new, original, and ornamental designs for manufactured products.
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 are a type of intellectual property protection that safeguards the visual, non-functional aspects of an invention. Tracking design patent grants by state provides insights into regional innovation and product development trends.
Methodology
The data is collected by the U.S. Patent and Trademark Office.
Historical Context
Design patent data is used by policymakers, economists, and businesses to analyze regional innovation patterns and competitiveness.
Key Facts
- Montana accounted for 0.4% of total U.S. design patents in 2021.
- Design patent grants from Montana have grown by 25% over the past decade.
- The leading design patent categories from Montana include furniture, sporting goods, and industrial machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents originating from the U.S. state of Montana. Design patents protect new, original, and ornamental product designs.
Q: Why is this trend relevant for users or analysts?
A: Design patent data provides insights into regional innovation and product development trends, which are of interest to policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Design patent data is used to analyze patterns of innovation and competitiveness at the regional level, informing economic development policies and strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent design patent activity in Montana.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Montana (PATENTUSMTDESIGN), retrieved from FRED.