Are People Filing More Patents?
People are filing more, a lot of it depends on the economy, and there are two ways to look at it. Some people will say, “Well, the economy is bad, I don’t have a lot of money, I can’t file my patent application now.” Whereas large companies think about it in exactly the opposite direction. They know that on average it takes about three years to get a patent.
So when the economy is down, you know that at a certain amount of time, it’s going to improve. There’s no question about it. It’s like a sine wave. You have recessions, then you have booms. So, when the economy is bad, they try to file more applications. So that by the time that the economy improves, and there may be more sales, their patents are issuing.