Notably, the number of metaverse-related patent applications in the consumer industry was 74 in Q3 2023, versus 136 in the prior quarter.
The top five companies accounted for 59% of patenting activity
Analysis of patenting activity by companies shows that LG filed the most metaverse patents within the consumer industry in Q3 2023. The company filed 23 metaverse-related patents in the quarter, compared with 35 in the previous quarter. It was followed by GoerTek with 9 metaverse patent filings, KT&G (6 filings), and Guangdong Oppo Mobile Telecommunications (3 filings) in Q3 2023.
Patenting activity was driven by the US with a 45% share of total patent filings
The largest share of metaverse related patent filings in the consumer industry in Q3 2023 was in the US with 45%, followed by China (15%) and South Korea (9%). The share represented by the US was 21% higher than the 24% share it accounted for in Q2 2023.
For further understanding of GlobalData’s Consumer: Patents Trends Q3 2023, buy the databook here.