Summary: The 'landscape' of patents in the sectors of IoT is rapidly expanding. As a result, various critical technical areas should be examined before seeking an IoT patent.
The concept of physical devices connecting to build networks is almost as old as the Internet itself. However, a number of recent driving reasons in the global growth of the IoT business, such as decreasing hardware and cloud storage costs, have aided the industry's global expansion. Climate change and the COVID-19 epidemic have lately fueled increased demand for IoT devices, as IoT devices can be controlled remotely, eliminating the need for long-distance travel or face-to-face human interaction.
Here are some areas of technology that are important to look for before IoT patent filings:
The usage of IoT devices such as connected sensors, lighting, and meters to collect and analyze data is referred to as "smart cities." These data are then used by cities to improve infrastructure, public utilities, and services, among other things. Because of the wide range of activities (from public safety to traffic regulation to air quality) in which the deployment of IoT would be beneficial in an urban setting and the growing adoption of IoT projects by local governments, "Smart City IoT" has one of the highest numbers of patent filings in the US. Ford, Honeywell, IBM, Samsung, and Toyota are among the large multinationals that have filed patent applications in this area, primarily in the United States.
5G is the next stage in the evolution of mobile wireless technology, and it is predicted that 5G will provide devices with faster speeds, reduced latency, and more dependable connectivity, enabling a slew of new IoT applications. As a result, several global technology companies are engaged in a patent "arms race" to build their own portfolios of 5G-related patents.
Autonomous vehicles necessitate a massive amount of data collection and processing. When upgrading algorithms based on data interchange, driverless automobiles require interconnectivity (as supplied by the IoT infrastructure). All of the data is exchanged across IoT-connected automobiles and wirelessly uploaded to a cloud system, where it will be analyzed and used to improve automation. As a result, this subject is directly linked to the rollout of 5G, which will enable wireless connections with the necessary bandwidths for such huge data transfers.