U.S. Granted Patents: Design Patents Originating in California
PATENTUSCADESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,168.00
Year-over-Year Change
50.69%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the number of design patents originating in the U.S. state of California. Design patents protect the novel, non-functional aspects of products and are an important indicator of innovation 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
The U.S. Granted Patents: Design Patents Originating in California series tracks the number of design patents issued to inventors located in California. Design patents protect the aesthetic, ornamental features of a product, rather than its functional elements. This metric provides insight into the innovative capacity and product development in California's technology and manufacturing sectors.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this metric to assess California's competitiveness and leadership in design innovation.
Key Facts
- California accounted for over 25% of U.S. design patents in 2021.
- Design patents have grown 3x faster than utility patents since 2015.
- The leading sectors for California design patents are consumer products and electronics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents originating from inventors located in the U.S. state of California. Design patents protect the novel, ornamental aspects of products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the design innovation and product development occurring in California's technology and manufacturing sectors, which are important drivers of the state's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess California's leadership and competitive position in design innovation, which is crucial for the state's technology and manufacturing industries.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not fully capture the most recent trends in California's design patent activity.
Related Trends
U.S. Granted Patents: Utility Patents Originating in Seychelles
PATENT4NSCUTILITY
U.S. Granted Utility Patents Originating in Multnomah County, OR
PATENTCOUNTY41051
U.S. Granted Utility Patents Originating in Coweta County, GA
PATENTCOUNTY13077
U.S. Granted Utility Patents Originating in Okeechobee County, FL
PATENTCOUNTY12093
U.S. Granted Utility Patents Originating in Becker County, MN
PATENTCOUNTY27005
U.S. Granted Patents: Design Patents Originating in Guadeloupe
PATENT4NGPDESIGN
Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in California (PATENTUSCADESIGN), retrieved from FRED.