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Monday, January 30, 2023

Samsung, Huawei, LG lead metaverse patent race

Tokyo, Nov 28 South Korean and Chinese language firms are securing metaverse {hardware} patents, with LG and Huawei rising within the ranks with probably the most Metaverse patents because the electronics business seems to be past smartphones, the media reported.

The worldwide metaverse market is predicted to succeed in $996 billion in 2030, registering a compound annual progress fee (CAGR) of 39.8 per cent.

The scale reached a price of $22.79 billion in 2021, in keeping with GlobalData, a number one knowledge and analytics firm.

Since 2016, LG Electronics has filed probably the most metaverse patent functions, transferring up from eleventh place from 2010 to 2015, stories Nikkei Asia.

Samsung Electronics held its place in second.

Show color schemes and semiconductors are among the many strengths of South Korean firms, which have shortly established a presence in core elements relatively than headsets and different completed merchandise.

Huawei positioned fourth within the rating with quite a few patents associated to picture and show processing.

Furthermore, Meta ranked third, Microsoft fifth, Apple and Intel had been among the many six American firms to make the highest 10, with Sony as the only Japanese firm at sixth, in keeping with the report.

The highest 20 firms submitted a complete of seven,760 patents, with the US accounting for 57 per cent, South Korea at 19 per cent, and China at 12 per cent.

Nevertheless, Japanese corporations accounted for 8 per cent, stated the report.

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