The global aerospace, defence & security industry experienced a 23% decline in the number of future of work-related patent applications in Q3 2023 compared with the previous quarter. The total number of future of work-related grants dropped by 22% 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 future of work-related patent applications in the aerospace, defence & security industry was 773 in Q3 2023, versus 1,009 in the prior quarter.
The top five companies accounted for 17% of patenting activity
Analysis of patenting activity by companies shows that RTX filed the most future of work patents within the aerospace, defence & security industry in Q3 2023. The company filed 56 future of work-related patents in the quarter, compared with 55 in the previous quarter. It was followed by Boeing with 26 future of work patent filings, Airbus (20 filings), and General Electric (18 filings) in Q3 2023.
Patenting activity was driven by the US with a 27% share of total patent filings
The largest share of future of work related patent filings in the aerospace, defence & security industry in Q3 2023 was in the US with 27%, followed by China (26%) and Japan (8%). The share represented by the US was 4% lower 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.