At the industry or company level, patents are strong indicators that reflect a company’s investment and commitment to innovation, and as the World Intellectual Property Organisation (WIPO) has described, a patent is “an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something or offers a new technical solution to a problem” . Samsung, a South Korean electronics and IT company, ranks number one. Most of the top 10 companies are from the IT/ICT, electronics and communications industries, except for Toyota, which is an automotive manufacturer. The following graph shows the top 10 innovators for 2022 based on the number of patents granted in that year.
Number of Patents Granted in 2022
7000
Position
Number of patents
6,248
6000
5000
4,398
4000
3,024
2,836 2,694
3000
2,641 2,625
2,418 2,285
2,214
2000
1000
0
NASDAQ, Jan 2023
27
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry
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