The global technology industry experienced a 27% 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 15% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: 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.
Notably, the number of metaverse-related patent applications in the technology industry was 2,680 in Q3 2023, versus 3,661 in the prior quarter.
The top five companies accounted for 17% of patenting activity
Analysis of patenting activity by companies shows that Snap filed the most metaverse patents within the technology industry in Q3 2023. The company filed 131 metaverse-related patents in the quarter, compared with 151 in the previous quarter. It was followed by Magic Leap with 118 metaverse patent filings, Samsung Group (98 filings), and Apple (64 filings) in Q3 2023.
Patenting activity was driven by the US with a 44% share of total patent filings
The largest share of metaverse related patent filings in the technology industry in Q3 2023 was in the US with 44%, followed by South Korea (13%) and China (12%). The share represented by the US was 8% higher than the 36% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Patents Trends Q3 2023, buy the databook here.