By retrieving and analyzing the global rare earth permanent magnet related patents, it is found that since the 90s of the 20th century, China has gradually become the largest patent applicant country. At present, China has accumulated certain technical advantages in magnets sinter process, coercivity improving and cost reduction. However, China has problems such as weak overall research and development capabilities, insufficient core technologies, weak international vision and patent layout capabilities, and urgency in patent value improvement. Based on this, suggestions are put forward such as synchronous development of technological innovation and patent layout, giving full play to the synergistic advantages of industrial agglomeration, and improving the intellectual property service system, so as to provide a reference for ensuring the high-quality development of China's rare earth industry.