U.S. Granted Patents: Design Patents Originating in Kentucky
This dataset tracks u.s. granted patents: design patents originating in kentucky over time.
Latest Value
92.00
Year-over-Year Change
70.37%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Kentucky' trend measures the volume of design patents granted by the U.S. Patent and Trademark Office to inventors from the state of Kentucky. This metric is useful for economists and policymakers analyzing regional 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 the novel, ornamental design of a manufactured product. This trend provides insight into the creative and technological output of Kentucky-based inventors and companies. It can be used to benchmark the state's innovation ecosystem against other regions.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Tracking design patent activity is important for understanding regional economic competitiveness and development.
Key Facts
- Kentucky ranks 25th among U.S. states for design patents.
- Design patents made up 10% of all Kentucky patents granted in 2021.
- The top Kentucky industries for design patents are furniture, lighting, and automotive parts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of design patents granted by the U.S. Patent and Trademark Office to inventors from the state of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent activity provides insights into the innovation and entrepreneurial output of a state's economy, which is important for assessing regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from official U.S. patent office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this metric to benchmark Kentucky's innovative capacity and inform strategies to support entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, and may not capture all design patents due to application and review timelines.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Kentucky (PATENTUSKYDESIGN), retrieved from FRED.