Intellectual Property Leasing in Ireland - Industry Market Research Report

Not as intellectual: Industry revenue is expected to decline in 2023 due to subdued business confidence

Intellectual property leasing is a common and effective strategy to commercialise trademarks, designs and patents, providing a revenue stream for the owner or inventor. Demand for IP is influenced by consumer and business confidence, which affect business expansion plans and consumer spending. Rising gross household disposable income increases demand for branded products, while businesses continue to invest in research and development, supporting industry performance. Revenue is anticipated to expand at a compound annual rate of 5.9% over the five years through 2026 to €2.2 billion, despite a decline of 7.9% in 2023. Companies in the industry allow others to use their intellectual property for a licencing fee. The leasing of these intangible assets can take various forms, such as permission for reproduction, or use in subsequent processes or products. The current owners may or may not have created the intellectual property. The industry does not include copyrighted works. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.