The global automotive industry experienced a 21% decline in the number of metaverse-related patent applications in Q1 2023 compared with the previous quarter. The total number of metaverse-related grants dropped by 23% in Q1 2023, according to GlobalData’s Patent Analytics. Although in a nascent stage in the automotive industry, metaverse technology holds a promise to make digital media experiences more accessible in a few years. GlobalData’s Impact of the Metaverse on the Automotive Industry – Thematic Intelligence report explains the how the metaverse theme influences the automotive sector, in detail. Buy the report here.
Notably, the number of metaverse-related patent applications in the automotive industry was 282 in Q1 2023, versus 359 in the prior quarter.
The top five companies accounted for 23% of patenting activity
Analysis of patenting activity by companies shows that Snap filed the most metaverse patents within the automotive industry in Q1 2023. The company filed 17 metaverse-related patents in the quarter, compared with 6 in the previous quarter. It was followed by Johnson & Johnson with 16 metaverse patent filings, Magic Leap (15 filings), and Samsung Group (9 filings) in Q1 2023.
Patenting activity was driven by the US with a 16% share of total patent filings
The largest share of metaverse related patent filings in the automotive industry in Q1 2023 was in the US with 16%, followed by China (14%) and Japan (11%). The share represented by the US was 2% lower than the 18% share it accounted for in Q4 2022.
For further understanding of GlobalData's Impact of the Metaverse on the Automotive Industry – Thematic Intelligence buy the report here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
