The global aerospace, defence & security industry experienced a 38% decline in the number of future of work-related patent applications in Q2 2023 compared with the previous quarter. The total number of future of work-related grants dropped by 34% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, the number of future of work-related patent applications in the aerospace, defence & security industry was 357 in Q2 2023, versus 579 in the prior quarter.
The top five companies accounted for 29% of patenting activity
Analysis of patenting activity by companies shows that Raytheon Technologies filed the most future of work patents within the aerospace, defence & security industry in Q2 2023. The company filed 45 future of work-related patents in the quarter, compared with 81 in the previous quarter. It was followed by Boeing with 25 future of work patent filings, Airbus (15 filings), and Rolls-Royce (12 filings) in Q2 2023.
Patenting activity was driven by the US with a 50% share of total patent filings
The largest share of future of work related patent filings in the aerospace, defence & security industry in Q2 2023 was in the US with 50%, followed by China (22%) and Japan (6%). The share represented by the US was 1% higher than the 49% share it accounted for in Q1 2023.
For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.