• July 21, 2024

PMI Takes Top Spot in 2022 Vape Patent Applications

 PMI Takes Top Spot in 2022 Vape Patent Applications

Credit: Olivier le Moal

Credit: Olivier le Moal

Tobacco-related products, especially vaping and heat-not-burn, were among the 10 fastest growing technologies in 2022 when measured by the number of U.S. patents issued, according to IFI Claims Patent Services.

Philip Morris International, which is in the process of replacing its combustible cigarette business with less harmful smoking alternatives, was the most prolific claimant in the vaping/tobacco business, filing 1,364 cigarette patent applications in 2022.

South Korean electronics titan Samsung took the top spot from longtime leader IBM. Following Samsung and IBM, the top 10 patent earners were Taiwan Semiconductor, Huawei Technologies, Canon, LG Electronics, Qualcomm, Intel, Apple and Toyota Motor.

Technology related to autonomous vehicles ascended to the No. 1 spot among IFI’s Fastest Growing Technologies list last year. While “Computing Based on Biological Models” dropped to No. 4 from its perch at No. 1 last year, artificial intelligence research has pervaded multiple patent categories, including earth drilling, quantum computers and machine learning.

Rounding out the top fastest growing technologies were “Electrical Digital Data Processing,” with a compound annual growth rate CAGR) of 33.9 percent; “Special Features Related to Earth Drilling Including AI and Simulation Models” (CAGR 32.5 percent); “Computing Based on Biological Models” (CAGR 32.1 percent); and “Electrically Operated Smoking Devices” (CAGR 31.3 percent).

“Cigars, Cigarettes” registered a CAGR of 28.3 percent.