About Patent Licensing
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Patent Licensing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Patent Licensing market by Type (Exclusive Licensing and Non-Exclusive Licensing), Application (Personal and Enterprises) 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). If we see Market by Vertical, the sub-segment i.e. IT & Telecom will boost the Patent Licensing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small & Medium Enterprises will boost the Patent Licensing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Online Appointments will boost the Patent Licensing market. 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
Market Leaders and their expansionary 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 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.