Patents
Patent applications related to metaverse decreased by 17% per year on average in the mining industry since 2020
Credit: Bert van Dijk/Getty images.
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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.
The top five assignees by filings accounted for 61% of patent applications
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.
The top five assignees by grants accounted for 68% of successful patent grants
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.
Patent activity was driven by China with a 57% share of total patent publications
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%).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries
