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In recent IP news: According to a recent report, efforts to reduce cost, power consumption, and size are driving the development of new gas sensors. The market for gas sensors for consumer applications has been predicted to grow from $12M in 2015 to more than $95M in 2021. Fueling this growth is the increasing gap between the number of patent applicants as compared to the number of current market leaders. There are currently 440+ patent applicants, 760+ granted patents, and 510+ pending patent applications related to MEMS (Micro Electro Mechanical System) gas sensor technologies. Bosch, one of the world’s premier providers of measuring tools, is the chief patent holder of gas sensors around the world. Further, companies such as Siemens, Honeywell, and General Electric have strong patent portfolios with viable IP blocking potential. Despite this crowded patent field, market leaders, such as Honeywell, MSA, NGK, and Figaro, are experiencing challenges from recent patent applications owned by companies like Bosch, Siemens, Micronas, and CCMOS. These new patent applications focus on improvements in gas sensor technologies that could lead to a disruption in the gas sensor market.
Such a disruption could open the door for new companies, developing improved technologies, to challenge the current market leaders. For companies that hope to enter into this promising field, a strong intellectual property (IP) portfolio is paramount. Stay tuned for future developments related to this report, and other current events related to the IP news and patent landscapes of miniaturized gas sensor technologies. If you are interested in learning more about the gas sensor patent protection, or have any questions regarding the filing and prosecution of your Patent, Trademark, or Copyright application, then you are encouraged to contact the Intellectual Property Law Attorneys at The Concept Law Group. Our attorneys have recovered over $60M in IP Litigation damages for our clients and will work diligently on your behalf to ensure that every part of your intellectual property is protected.