Research and innovation in cloud in the military equipment and technologies sector has declined in the last year.
The most recent figures show that the number of related patent applications in the industry stood at 292 in the three months ending May – down from 494 over the same period in 2021.
Figures for patent grants related to followed a similar pattern to filings – shrinking from 388 in the three months ending May 2021 to 314 in the same period in 2022.
The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.
is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.
The figures also provide an insight into the largest innovators in the sector.
Raytheon Technologies Corp was the top innovator in the military equipment and technologies sector in the latest quarter. The company, which has its headquarters in the United States, filed 84 related patents in the three months ending May. That was down from 114 over the same period in 2021.
Lockheed Martin Corp has recently ramped up R&D in . It saw growth of 72.7% in related patent applications in the three months ending May compared to the same period in 2021 - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the military equipment and technologies sector.