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

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

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Patent Bar Exam: A certification required for individuals who wish to practice patent law before the United States Patent and Trademark Office (USPTO). The exam is administered by the USPTO.
• Registered Patent Agent: A certification required for individuals who wish to practice patent law before the USPTO. The exam is administered by the USPTO.
• Patent Cooperation Treaty (PCT) Certification: A certification required for individuals who wish to file international patent applications under the PCT. The certification is administered by the World Intellectual Property Organization (WIPO).
• International Trademark Association (INTA) Certification: A certification for trademark professionals that demonstrates a high level of knowledge and expertise in trademark law and practice. The certification is administered by the INTA.
• Certified Licensing Professional (CLP): A certification for professionals who work in the field of licensing and technology transfer. The certification demonstrates a high level of knowledge and expertise in licensing and technology transfer. The certification is administered by the Licensing Executives Society International (LESI).

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.

The anticipated future trajectory of the NAICS 533110-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The industry of Patent Owners & Lessors in the USA is expected to grow in the coming years due to the increasing demand for intellectual property rights. The rise of technology and innovation has led to a surge in patent applications, which has created a need for patent owners and lessors. The industry is also expected to benefit from the increasing number of startups and small businesses that require patents to protect their intellectual property. However, the industry may face challenges due to the changing legal landscape and the increasing competition from patent aggregators. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Patent Owners & Lessors industry, reflecting notable innovations that have reshaped its landscape.

• Unified Patents: A company that provides a community-based approach to patent protection, which helps small businesses and startups to defend themselves against patent trolls.
• Google's Patent Purchase Program: A program that allows patent owners to sell their patents to Google, which helps to reduce the number of patent trolls in the industry.
• Patentshield: A service that provides patent protection to startups and small businesses, which helps to reduce the risk of patent litigation.
• Ibm's Patent Analytics Dashboard: A tool that provides patent owners with insights into their patent portfolio, which helps them to make informed decisions about their intellectual property.
• Patentvue: A platform that provides patent owners with a comprehensive view of their patent portfolio, which helps them to identify potential licensing opportunities and monetize their patents.