The global aerospace, defence and security industry experienced a 7% drop in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by General Dynamics with 7,645 job postings according to GlobalData’s analysis of aerospace, defence & security company job postings. GlobalData’s Aerospace, Defense & Security: Hiring Trends & Signals Q2 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 13% share of the global aerospace, defence and security industry’s new job postings in Q2 2024, up 2% over the prior quarter.
Computer and Mathematical Occupations drive aerospace, defence and security industry hiring activity
Computer and Mathematical Occupations, with a share of 13%, was the occupation with the greatest hiring activity in the global aerospace, defence and security industry in Q2 2024, ahead of Architecture and Engineering Occupations with a 12% share of job postings.
The other prominent roles include Management Occupations with an 8% share in Q2 2024, Business and Financial Operations Occupations with a 6% share and Production Occupations with a 6% share of new job postings.
Top five companies in aerospace, defence and security industry accounted for 32% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 32% share of the overall hiring activity in the global aerospace, defence and security industry in Q2 2024.
General Dynamics posted 7,645 jobs in Q2 2024 and registered a growth of 20% over the previous quarter, followed by RTX with 6,916 jobs and a 19% decline. Lockheed Martin with 5,213 jobs and Boeing with 4,361 jobs, recorded a 58% growth and a 2% drop, respectively, while Northrop Grumman recorded a 12% drop with 3,835 job postings during Q2 2024.
Hiring activity was driven by North America with 69% share of total new job postings, Q2 2024
North America held the leading share of the new job postings in the global aerospace, defence and security industry with 69% share, a 4% higher over Q1 2024. Europe stood next with 21%, registering a 24% decline over the previous quarter.
Asia-Pacific with a 6% share marked a 17% drop over Q1 2024. The Middle East & Africa and South & Central America accounted for shares of 34% and 4% respectively.
For further understanding of GlobalData's Aerospace, Defense & Security: Hiring Trends & Signals Q2 2024, buy the report here.
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GlobalData’s Job Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
