NAICS Code 533110-04 - Patent Owners & Lessors

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 533110 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 602 companies, 4,407 emails.

NAICS Code 533110-04 Description (8-Digit)

The Patent Owners & Lessors industry involves companies that own and lease out patents, which are nonfinancial intangible assets. These companies generate revenue by licensing the use of their patents to other businesses. Patent owners and lessors may also engage in the development and creation of new patents, as well as the acquisition of existing patents.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 533110 page

Tools

Tools commonly used in the Patent Owners & Lessors industry for day-to-day tasks and operations.

  • Patent databases
  • Patent analytics software
  • Patent management software
  • Patent valuation tools
  • Patent search engines
  • Patent mapping tools
  • Patent drafting software
  • Patent licensing software
  • Patent portfolio management software
  • Patent monitoring tools

Industry Examples of Patent Owners & Lessors

Common products and services typical of NAICS Code 533110-04, illustrating the main business activities and contributions to the market.

  • Medical device patents
  • Software patents
  • Biotech patents
  • Chemical patents
  • Mechanical patents
  • Electrical patents
  • Telecommunications patents
  • Semiconductor patents
  • Aerospace patents
  • Automotive patents

History

A concise historical narrative of NAICS Code 533110-04 covering global milestones and recent developments within the United States.

  • The "Patent Owners & Lessors" industry has a long history dating back to the 15th century when the Venetian Patent Statute was introduced. This statute granted inventors exclusive rights to their inventions for a limited period. In the United States, the first patent law was enacted in 1790, and since then, the industry has grown significantly. Notable advancements in the industry include the establishment of the United States Patent and Trademark Office (USPTO) in 1836, the introduction of the Paris Convention for the Protection of Industrial Property in 1883, and the signing of the Patent Cooperation Treaty (PCT) in 1970. In recent years, the industry has seen a surge in patent litigation, with high-profile cases such as Apple v. Samsung and Google v. Oracle. Additionally, the rise of patent trolls, companies that acquire patents solely for the purpose of suing other companies for infringement, has been a significant development in the industry. In the United States, the "Patent Owners & Lessors" industry has experienced significant growth in recent years. According to the USPTO, the number of patents granted in the United States has increased from 183,000 in 2000 to over 350,000 in 2019. This growth can be attributed to several factors, including advancements in technology, increased investment in research and development, and the rise of startups and small businesses. Additionally, the America Invents Act, which was signed into law in 2011, has had a significant impact on the industry by changing the way patents are granted and challenged. Overall, the "Patent Owners & Lessors" industry has a rich history and continues to play a vital role in innovation and economic growth.