U.S. Granted Patents: Design Patents Originating in Texas
PATENTUSTXDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
953.00
Year-over-Year Change
112.72%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Texas' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from inventors located in the state of Texas. This metric is important for analyzing regional innovation and economic competitiveness.
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 ornamental or aesthetic aspects of an invention, rather than its functional elements. The 'U.S. Granted Patents: Design Patents Originating in Texas' trend provides insight into the design innovation activity within the Texas economy, which can inform policymakers and investors on regional economic and technological development.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by economists, policymakers, and businesses to track regional innovation and competitiveness.
Key Facts
- Texas ranks 2nd among U.S. states for design patents originating within its borders.
- Design patents account for about 15% of all patents granted to Texas inventors.
- The top industry for Texas design patents is Medical Devices.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in Texas' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from inventors located in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the design innovation activity within the Texas economy, which can inform policymakers and investors on regional economic and technological development.
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: This metric is used by economists, policymakers, and businesses to track regional innovation and competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Patent and Trademark Office, but may have a short delay compared to the current reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Texas (PATENTUSTXDESIGN), retrieved from FRED.