Patent applications related to metaverse decreased by 17% per year on average in the mining industry since 2020

The global mining industry experienced a 17% decrease in annual average growth rate (AAGR) in the number of metaverse-related patent applications between 2020 and 2022. The total number of metaverse-related grants increased by an AAGR of 57% during the same period, according to GlobalData's patent analytics database.

Notably, the number of metaverse-related patent applications in the mining industry was 21 since 2020, while 29 applications were granted.

Analysis of patent applications by assignee shows that Deere filed the most metaverse patents within the mining industry since 2020. The company filed 4 metaverse-related patents since 2020.  

It was followed by Newmont (3 applications), Tian Di Science & Technology (2 applications), ArcelorMittal (1 application) and Beijing LongRuan Technologies (1 application) as well as seven more companies which filed 1 application each.

Analysis of patent grants by assignee shows that ArcelorMittal was granted 12 patents related to metaverse within the mining industry since 2020. It was followed by China Energy Investment (2 grants), Beijing Forever Technology (1 grant), Beijing Institute of Technology (1 grant), and INDUS (1 grant), in addition to 8 more companies which were granted 1 application each.

The largest share of metaverse-related patent publications in the mining industry since 2020 was held by China with 57%, followed by the US (17%) and Japan (7%).