The global aerospace, defence & security industry experienced a 55% decline in the number of environmental sustainability-related patent applications in Q2 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 52% in Q2 2023, according to GlobalData’s Patent Analytics. Environmental Sustainability is a priority in most of the industries today including Aerospace, Defence & Security. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
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Notably, the number of environmental sustainability-related patent applications in the aerospace, defence & security industry was 455 in Q2 2023, versus 1,009 in the prior quarter.
The top five companies accounted for 44% of patenting activity
Analysis of patenting activity by companies shows that Raytheon Technologies filed the most environmental sustainability patents within the aerospace, defence & security industry in Q2 2023. The company filed 93 environmental sustainability-related patents in the quarter, compared with 164 in the previous quarter. It was followed by Rolls-Royce with 38 environmental sustainability patent filings, Airbus (30 filings), and Boeing (24 filings) in Q2 2023.
Patenting activity was driven by the US with a 63% share of total patent filings
The largest share of environmental sustainability related patent filings in the aerospace, defence & security industry in Q2 2023 was in the US with 63%, followed by China (33%) and Japan (4%). The share represented by the US was 18% higher than the 45% share it accounted for in Q1 2023.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual 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.
