The global aerospace, defence & security industry experienced a 16% decline in patent filings in Q3 2023 compared with the previous quarter. The total number of grants dropped by 8%, resulting in overall patent publications decreasing by 16.0%, according to GlobalData’s Patent Analytics. GlobalData’s databook Aerospace, Defense & Security: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of patent applications in the aerospace, defence & security industry was 11,418 in Q3 2023, versus 13,600 in the prior quarter. Filings were down 25% year-on-year and decrease 16% quarter-on-quarter. This compares to a 25% year-on-year decrease in patent grants and 16% decline in quarter-on-quarter.
The top five companies accounted for 17% of patenting activity
Patenting activity was driven by China with a 34% share of total patent filings
The largest share of patent filings in the aerospace, defence & security industry in Q3 2023 was in China with 34%, followed by the US (23%) and South Korea (5%). The share represented by China was 3% higher than the 31% share it accounted for in Q2 2023.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q3 2023, buy the databook here.