Companies such as LG, Samsung, and Huawei have shown they are expanding their reach as patents for metaverse hardware are being filed.
With the global metaverse market projected to be worth $74.7 billion in 2026, there’s a lot for companies to be considering. Some are diving in head first with the likes of Mark Zuckerberg willing to spend billions on his Meta platform. Then there are popular metaverse titles such as The Sandbox which is seeing $6.3 million in revenue annually. So really, despite the confusion that still attaches itself to much of the metaverse, it’s clear to see why others would be looking into these spaces.
Using survey company Cyber Creative Institutes NikkeiAsia reported that LG had submitted the most metaverse patent applications since 2016. Samsung held its position in second and Huawei, had placed fourth with numerous patents related to image and display processing. Meta sits in third place and Microsoft jumps in at fifth.
Among the top 20 countries, a combined total of 7,760 patents were filed, with the US accounting for 57% of that amount, followed by 19% from South Korea and China equalling 12%. The collection of Japanese companies came in at the lowest with a representation of just 8%.
Big names could have big ideas for the future
The survey assessed patents that were related to virtual and augmented reality and within those search parameters around 20 categories were covered. These included technologies related to communications, sensors, and displays.
While any further details are scarce it’s clear to see that many companies will be considering the idea of virtual reality and metaverse experiences. Even if none of these patents are intended for use anytime soon, or in fact ever, it’s interesting to see big names exploring these ideas. LG, Samsung, and Huawei all offer mobile phone devices so to see them taking note of the rise in popularity of these spaces seems only natural.
Metaverse experiences and the continued intrigue that surrounds virtual reality is something that isn’t going away anytime soon, as mentioned before filing for a patent can simply indicate an interest in the area as brands will want to secure their innovative ideas. We have seen some who are less serious about Web3 adoption fade away, however big name brands are still very much so open to its potential and continue to secure trademarks for their products in the metaverse.
Paige Cook is a writer with a multi-media background. She has experience covering video games and technology and also has freelance experience in video editing, graphic design, and photography. Paige is a massive fan of the movie industry and loves a good TV show, if she is not watching something interesting then she's probably playing video games or buried in a good book. Her latest addiction is virtual photography and currently spends far too much time taking pretty pictures in games rather than actually finishing them.
