The global aerospace, defence & security industry experienced a 49% decline in the number of environmental sustainability-related patent applications in Q3 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 47% in Q3 2023, 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 environmental sustainability-related patent applications in the aerospace, defence & security industry was 1,423 in Q3 2023, versus 2,794 in the prior quarter.
The top five companies accounted for 31% of patenting activity
Analysis of patenting activity by companies shows that General Electric filed the most environmental sustainability patents within the aerospace, defence & security industry in Q3 2023. The company filed 132 environmental sustainability-related patents in the quarter, compared with 114 in the previous quarter. It was followed by Safran with 112 environmental sustainability patent filings, RTX (93 filings), and Rolls-Royce (60 filings) in Q3 2023.
Patenting activity was driven by China with a 28% share of total patent filings
The largest share of environmental sustainability related patent filings in the aerospace, defence & security industry in Q3 2023 was in China with 28%, followed by the US (27%) and Japan (6%). The share represented by China was 20% lower than the 48% share it accounted for in Q2 2023.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q3 2023, buy the databook here.