The global automotive industry experienced a 31% decline in the number of metaverse-related patent applications in Q2 2023 compared with the previous quarter. The total number of metaverse-related grants dropped by 15% in Q2 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 256 in Q2 2023, versus 373 in the prior quarter.
The top five companies accounted for 26% of patenting activity
Analysis of patenting activity by companies shows that Snap filed the most metaverse patents within the automotive industry in Q2 2023. The company filed 24 metaverse-related patents in the quarter, compared with 23 in the previous quarter. It was followed by Sony Group with 12 metaverse patent filings, Multinarity (11 filings), and Williams Sonoma (11 filings) in Q2 2023.
Patenting activity was driven by the US with a 73% share of total patent filings
The largest share of metaverse related patent filings in the automotive industry in Q2 2023 was in the US with 73%, followed by China (9%) and Japan (5%). The share represented by the US was 9% higher than the 64% share it accounted for in Q1 2023.
For further understanding of GlobalData's Impact of the Metaverse on the Automotive Industry – Thematic Intelligence buy the report here.