The global aerospace, defence and security industry experienced a 22% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Raytheon Technologies with 18,707 job postings according to GlobalData’s analysis of aerospace, defence & security company job postings. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 15% share of the global aerospace, defence and security industry’s new job postings in Q1 2023, down 25% over the prior quarter.
Computer and Mathematical Occupations drive aerospace, defence and security hiring activity
Computer and Mathematical Occupations, with a share of 15%, was the occupation with the greatest hiring activity in the global aerospace, defence and security industry in Q1 2023, ahead of Architecture and Engineering Occupations with a 14% share of job postings.
The other prominent roles include Management Occupations with an 8% share in Q1 2023, Business and Financial Operations Occupations with a 28% share and Production Occupations with a 5% share of new job postings.
Top five companies in aerospace, defence and security industry accounted for 43% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 43% share of the overall hiring activity in the global aerospace, defence and security industry in Q1 2023.
Raytheon Technologies posted 18,707 jobs in Q1 2023 and registered a growth of 115% over the previous quarter, followed by Leidos with 8,822 jobs and a 212% growth. Northrop Grumman with 5,698 jobs and Safran with 3,249 jobs, recorded a 53% decline and a 13% drop, respectively, while Airbus recorded a 34% drop with 3,057 job postings during Q1 2023.
Hiring activity was driven by North America with a 73% share of total new job postings, Q1 2023
North America held the leading share of the new job postings in the global aerospace, defence and security industry with a 73% share, a 2% higher over Q4 2022. Europe stood next with 20%, registering a 30% decline over the previous quarter.
Asia-Pacific with a 6% share marked a 11% drop over Q4 2022. The Middle East & Africa and South & Central America accounted for shares of 37% and 54% respectively.