As reported by Nikkei Asia, since 2016, a significant 75 percent of patent applications related to the Metaverse, as well as virtual and augmented reality, have originated from companies based in the United States and South Korea.
This statistic emerged from a study that assessed global patent applications in the categories of the Metaverse, augmented reality, and virtual reality. The research highlights the leading role these two countries play in the technological advancements and innovation within these rapidly growing fields.
US Companies Lead in Patent Application Ranking
A collaborative study conducted by Nikkei Asia and the Cyber Creative Institute reveals that US-based companies are prominent among the world’s top 20 Metaverse patent applicants. These US companies account for a significant 57 percent of the 7,760 applications filed since 2016.
In this landscape, South Korean companies rank second with 19 percent of the top 20 patent applications, while Chinese companies hold 12 percent. Japanese firms are also in the mix, contributing 8 percent.
The study encompasses nearly 20 patent categories across Japan, the USA, Europe, and markets related to the Metaverse, augmented reality, and virtual reality.
LG Electronics, a South Korean multinational corporation, has submitted the highest number of Metaverse patent applications since 2016, maintaining a competitive stance with its local rival, Samsung Electronics. Earlier this year, both firms introduced innovative features, including NFT trading functions, on their smart TVs.
Prominent US-based companies such as Meta, Microsoft, Intel, and Apple also feature on the list of top 20 Metaverse patent applicants. Additionally, Huawei from China and Sony from Japan are among these leading entities.
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