The global consumer industry experienced a 46% decline in the number of metaverse-related patent applications in Q3 2023 compared with the previous quarter. The total number of metaverse-related grants dropped by 33% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Consumer: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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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.
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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.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
