U.S. Granted Patents: Design Patents Originating in Delaware
PATENTUSDEDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-10.71%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Delaware' trend measures the number of design patents granted to inventors residing in the state of Delaware. This metric provides insight into innovation and technological activity within the Delaware economy.
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 the unique, ornamental appearance of manufactured products. Tracking design patent grants by state offers a window into local innovation, industrial activity, and economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and analysts use this trend to assess Delaware's innovation performance and competitiveness relative to other states.
Key Facts
- Delaware accounts for approximately 0.3% of total U.S. design patents.
- Design patent grants in Delaware peaked in 2015 at 224 patents.
- The pharmaceutical industry is a major source of design patents originating in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted to inventors residing in the state of Delaware. Design patents protect the unique, ornamental appearance of manufactured products.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent grants by state provides insight into local innovation, industrial activity, and economic competitiveness, which is valuable for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Delaware's innovation performance and competitiveness relative to other states, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve, but may be subject to reporting lags or incomplete coverage of all patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Delaware (PATENTUSDEDESIGN), retrieved from FRED.