Revolutionizing Patents: A Comprehensive Analysis of the Automated Patent Drafting Tool Market
An automated patent drafting tool refers to a software program or platform designed to aid in the creation and preparation of patent applications. These tools leverage artificial intelligence (AI), natural language processing (NLP), and machine learning algorithms to analyze technical documentation from inventors, generating patent applications. They streamline the patent application process, reduce errors, lower costs associated with manual drafting, and enhance the accuracy and quality of patent application documents by identifying potential errors or areas of ambiguity. Additionally, these tools provide real-time feedback during the drafting of patent claims, ensuring compliance with relevant patent laws and regulations. Automated patent drafting tools find applications among inventors, patent attorneys, patent agents, research institutions, and technology companies.
The global Automated Patent Drafting Tool market, valued at US$ 17.5 million in 2023, is projected to reach US$ 52.9 million by 2032, indicating a noteworthy Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period from 2024 to 2032.
The five largest manufacturers dominating the Automated Patent Drafting Tools market globally are LexisNexis, Rowan, Specifio, ClaimMaster, and Neustel Software, Inc., collectively constituting over 85% of the market. Among these, LexisNexis leads with approximately 38% market share.
North America holds the largest market share at about 78%, followed by Europe (7%) and Asia-Pacific (14%). On-premises solutions occupy the largest share (90%) in terms of product type, while the largest application segment is Law Firms, followed by Enterprises.
Report Scope
This report, based on revenue estimations and forecasts from 2018 to 2032 (with 2023 as the base year), provides a comprehensive overview of the Automated Patent Drafting Tool market. It includes regional market sizes, product segmentation by type and application, and profiles of key competitors. The report delves into the competitive landscape, technological trends, and new product developments.
For a more nuanced understanding, the report offers profiles of key players, competitive landscape analysis, and market ranks. It serves as a valuable resource for Automated Patent Drafting Tool companies, new entrants, and industry-related firms, offering insights into revenues, sales volume, and average prices across market segments.
The Automated Patent Drafting Tool market is segmented as below:
By Company
- LexisNexis
- Rowan
- Specifio
- ClaimMaster
- Neustel Software, Inc
- Powerpatent
- PatentPal
By Type Outlook
- On-premises
- Cloud-based
By Application Outlook
- Law Firms
- Enterprises
- Research Institutions
- Others
By Regional Outlook
- North America
- Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Central & South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
Automated Patent Drafting Tool Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2023 | USD 17.50 billion |
| Revenue Forecast in 2030 | USD 52.99 billion |
| Growth Rate | CAGR of 13.1% from 2024 to 2032 |
| Base Year for estimation | 2023 |
| Historical Data | 2018 – 2023 |
| Forecast Period | 2024. – 2032 |
| Report Updated | Jan-24 |
| Quantitative Units | Revenue in USD million and CAGR from 2024 to 2030 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Type, Application, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country Scope | U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait |
| Key Companies Profiled | CPI International Inc., Teledyne Technologies Inc., L3Harris Technologies Inc., Microwave Technology, Inc., RFMD, Richardson Electronics, Ltd, Thales Group, Toshiba Corporation |
Chapter Outline
- Introduction: Defines the report’s scope, executive summary of market segments, market size, and future development potential.
- Market Dynamics: Executive summary of global and regional market sizes, market dynamics, driving and restrictive factors, challenges, risks, and analysis of relevant industry policies.
- Competitive Landscape: Detailed analysis of competitive landscape, revenue market share, latest development plans, mergers, and acquisition information.
- Market Segmentation – Type: Analysis of market size and development potential of each type segment.
- Market Segmentation – Application: Analysis of market size and development potential of each application segment. 6-10. Regional Analysis: In-depth analysis of North America, Europe, Asia Pacific, Latin America, Middle East, and Africa by country, providing quantitative insights into market size, development prospects, market space, and capacity of each country.
- Profiles of Key Players: Detailed profiles of key players, including product sales, revenue, price, gross margin, product introduction, recent developments, etc.
- Conclusion: Summarize the main points and conclusions of the report.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automated Patent Drafting Tool Market Size Growth Rate by Type: 2019 VS 2023 VS 2032
1.2.2 On-premises
1.2.3 Cloud-based
1.3 Market by Application
1.3.1 Global Automated Patent Drafting Tool Market Growth by Application: 2019 VS 2023 VS 2032
1.3.2 Law Firms
1.3.3 Enterprises
1.3.4 Research Institutions
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automated Patent Drafting Tool Market Perspective (2019-2032)
2.2 Automated Patent Drafting Tool Growth Trends by Region
2.2.1 Global Automated Patent Drafting Tool Market Size by Region: 2019 VS 2023 VS 2032
2.2.2 Automated Patent Drafting Tool Historic Market Size by Region (2019-2024)
2.2.3 Automated Patent Drafting Tool Forecasted Market Size by Region (2025-2032)
2.3 Automated Patent Drafting Tool Market Dynamics
2.3.1 Automated Patent Drafting Tool Industry Trends
2.3.2 Automated Patent Drafting Tool Market Drivers
2.3.3 Automated Patent Drafting Tool Market Challenges
2.3.4 Automated Patent Drafting Tool Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automated Patent Drafting Tool Players by Revenue
3.1.1 Global Top Automated Patent Drafting Tool Players by Revenue (2019-2024)
3.1.2 Global Automated Patent Drafting Tool Revenue Market Share by Players (2019-2024)
3.2 Global Automated Patent Drafting Tool Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Automated Patent Drafting Tool Revenue
3.4 Global Automated Patent Drafting Tool Market Concentration Ratio
3.4.1 Global Automated Patent Drafting Tool Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automated Patent Drafting Tool Revenue in 2023
3.5 Automated Patent Drafting Tool Key Players Head office and Area Served
3.6 Key Players Automated Patent Drafting Tool Product Solution and Service
3.7 Date of Enter into Automated Patent Drafting Tool Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Automated Patent Drafting Tool Breakdown Data by Type
4.1 Global Automated Patent Drafting Tool Historic Market Size by Type (2019-2024)
4.2 Global Automated Patent Drafting Tool Forecasted Market Size by Type (2025-2032)
5 Automated Patent Drafting Tool Breakdown Data by Application
5.1 Global Automated Patent Drafting Tool Historic Market Size by Application (2019-2024)
5.2 Global Automated Patent Drafting Tool Forecasted Market Size by Application (2025-2032)
6 North America
6.1 North America Automated Patent Drafting Tool Market Size (2019-2032)
6.2 North America Automated Patent Drafting Tool Market Growth Rate by Country: 2019 VS 2023 VS 2032
6.3 North America Automated Patent Drafting Tool Market Size by Country (2019-2024)
6.4 North America Automated Patent Drafting Tool Market Size by Country (2025-2032)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automated Patent Drafting Tool Market Size (2019-2032)
7.2 Europe Automated Patent Drafting Tool Market Growth Rate by Country: 2019 VS 2023 VS 2032
7.3 Europe Automated Patent Drafting Tool Market Size by Country (2019-2024)
7.4 Europe Automated Patent Drafting Tool Market Size by Country (2025-2032)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automated Patent Drafting Tool Market Size (2019-2032)
8.2 Asia-Pacific Automated Patent Drafting Tool Market Growth Rate by Region: 2019 VS 2023 VS 2032
8.3 Asia-Pacific Automated Patent Drafting Tool Market Size by Region (2019-2024)
8.4 Asia-Pacific Automated Patent Drafting Tool Market Size by Region (2025-2032)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automated Patent Drafting Tool Market Size (2019-2032)
9.2 Latin America Automated Patent Drafting Tool Market Growth Rate by Country: 2019 VS 2023 VS 2032
9.3 Latin America Automated Patent Drafting Tool Market Size by Country (2019-2024)
9.4 Latin America Automated Patent Drafting Tool Market Size by Country (2025-2032)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automated Patent Drafting Tool Market Size (2019-2032)
10.2 Middle East & Africa Automated Patent Drafting Tool Market Growth Rate by Country: 2019 VS 2023 VS 2032
10.3 Middle East & Africa Automated Patent Drafting Tool Market Size by Country (2019-2024)
10.4 Middle East & Africa Automated Patent Drafting Tool Market Size by Country (2025-2032)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 LexisNexis
11.1.1 LexisNexis Company Detail
11.1.2 LexisNexis Business Overview
11.1.3 LexisNexis Automated Patent Drafting Tool Introduction
11.1.4 LexisNexis Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.1.5 LexisNexis Recent Development
11.2 Rowan
11.2.1 Rowan Company Detail
11.2.2 Rowan Business Overview
11.2.3 Rowan Automated Patent Drafting Tool Introduction
11.2.4 Rowan Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.2.5 Rowan Recent Development
11.3 Specifio
11.3.1 Specifio Company Detail
11.3.2 Specifio Business Overview
11.3.3 Specifio Automated Patent Drafting Tool Introduction
11.3.4 Specifio Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.3.5 Specifio Recent Development
11.4 ClaimMaster
11.4.1 ClaimMaster Company Detail
11.4.2 ClaimMaster Business Overview
11.4.3 ClaimMaster Automated Patent Drafting Tool Introduction
11.4.4 ClaimMaster Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.4.5 ClaimMaster Recent Development
11.5 Neustel Software, Inc
11.5.1 Neustel Software, Inc Company Detail
11.5.2 Neustel Software, Inc Business Overview
11.5.3 Neustel Software, Inc Automated Patent Drafting Tool Introduction
11.5.4 Neustel Software, Inc Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.5.5 Neustel Software, Inc Recent Development
11.6 Powerpatent
11.6.1 Powerpatent Company Detail
11.6.2 Powerpatent Business Overview
11.6.3 Powerpatent Automated Patent Drafting Tool Introduction
11.6.4 Powerpatent Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.6.5 Powerpatent Recent Development
11.7 PatentPal
11.7.1 PatentPal Company Detail
11.7.2 PatentPal Business Overview
11.7.3 PatentPal Automated Patent Drafting Tool Introduction
11.7.4 PatentPal Revenue in Automated Patent Drafting Tool Business (2019-2024)
11.7.5 PatentPal Recent Development
12 Analyst’s Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
