The global aerospace, defence & security industry experienced a 50% decline in the number of internet of things-related patent applications in Q3 2023 compared with the previous quarter. The total number of internet of things-related grants dropped by 38% 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 internet of things-related patent applications in the aerospace, defence & security industry was 66 in Q3 2023, versus 131 in the prior quarter.
The top five companies accounted for 27% of patenting activity
Analysis of patenting activity by companies shows that Kia filed the most internet of things patents within the aerospace, defence & security industry in Q3 2023. The company filed 4 internet of things-related patents in the quarter. It was followed by Hyundai Motor with 4 internet of things patent filings, Byrna Technologies (4 filings), and Xiamen University (3 filings) in Q3 2023.
Patenting activity was driven by the US with a 59% share of total patent filings
The largest share of internet of things related patent filings in the aerospace, defence & security industry in Q3 2023 was in the US with 59%, followed by South Korea (18%) and China (6%). The share represented by the US was 15% higher than the 44% share it accounted for in Q2 2023.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q3 2023, buy the databook here.