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Advances in Management and Applied Economics

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Abstract

Patent trend analysis plays an effective and important role in innovation tendencies and investigating high-tech progressions among technology field. The interdisciplinary applications of XR technology have led to scattered scholarly works and fragmentary insights to be translated into practice. XR is an umbrella term that encompasses both virtual reality (VR), augmented reality (AR) and mixed reality (MR), among others. Despite the promising outlook, this nascent technology has been shrouded by uncertain possibilities, making the adoption of XR technology much slower than expected. Thus, there is a demanding need for a critical review and synthesis XR patent analysis in order to support this emerging field in information system (IS). To accomplish this goal, the study analysis the current patent trend from 2016 to 2021 total of 412 patents through the software of INNOVUE. In summary, this study identifies the major trends in development and forecasts the future of XR adoption.

Keywords: Extended reality (XR), augmented reality (AR), virtual reality (VR) and mixed reality (MR), Patent trend.