Hypersonic technologies have emerged as a pivotal force in the aerospace, defense & security sector, with companies leveraging cutting-edge patents to drive innovation and enhance their operations. These patents encompass advancements in propulsion systems, turbo engines, and fluid flow modulation, demonstrating a commitment to safety, efficiency, and performance. Simultaneously, strategic deals and job opportunities are shaping the landscape, underscoring the industry’s dedication to advancements in hypersonic technologies. GlobalData’s hypersonic technologies market report provides a detailed analysis of market opportunity, and factors driving its development and adoption. Buy the report here.
This article presents a quarterly round-up of the latest trends in the aerospace, defense & security industry regarding hypersonic technologies. It provides an overview of recent developments in hypersonic technologies-related deals, talent acquisition, and patent filings within the aerospace, defense & security industry.
Diverse applications of hypersonic technologies in aerospace, defense & security industry
Defence companies in the field of Hypersonic Technologies are leveraging the latest patents to innovate and improve their businesses. General Dynamics Corp has patented a propulsion system for an aircraft that includes an engine and a controller to restrict maximum thrust when the aircraft is on the ground, improving safety and efficiency. Rolls-Royce Holdings Plc has patented a turbo engine with a cooler for cooling inlet air and a turbine for expanding cryogenic fuel, enhancing the performance of hypersonic vehicles. They have also patented an aircraft with a single fluid inlet aperture, allowing for efficient cooling of the machine body. Additionally, General Electric Co has patented a flow aperture method and apparatus for modulating the flow of fluid in a jet engine, optimizing temperature differentials. These patents provide the acquirers with valuable technologies and applications to advance their hypersonic technologies and improve their overall operations.
The industry remained flat in the number of hypersonic technologies-related patent applications in Q2 2023 compared with the previous quarter. On an annual basis, the number of hypersonic technologies-related patent applications in the aerospace, defense & security industry witnessed a rise of 19% compared with Q2 2022.
Strategic deal trends in hypersonic technologies in aerospace, defense & security industry
Aerospace, Defense & Security companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in hypersonic technologies. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of hypersonic technologies in the aerospace, defense & security industry.
In Q2 2023, the number of hypersonic technologies-related deals in the aerospace, defense & security industry grew by 100% compared with Q2 2022. On a quarterly basis, there was 100% increase in the number of deals in Q2 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2023, the aerospace, defense & security industry experienced a 16% drop compared with the previous quarter. On an annual basis, job postings also declined by 61%. Notably, architecture and engineering occupations, with a share of 43%, emerged as the top hypersonic technologies-related job roles within the aerospace, defense & security industry in Q2 2023, with new job postings drop by 7% quarter-on-quarter. Management occupations came in second with a share of 11% in Q2 2023, with new job postings dropping by 15% over the previous quarter. The other prominent hypersonic technologies roles include computer and mathematical occupations with a 6% share in Q2 2023, and production occupations with a 1% share of new job postings.
RTX, L3Harris Technologies, Northrop Grumman, Leidos, and Textron are among the top companies leading in hypersonic technologies hiring within the aerospace, defense & security industry.
Countries driving adoption of hypersonic technologies in aerospace, defense & security industry
The US is the leading country in hypersonic technologies adoption within the aerospace, defense & security industry, boasting the highest number of hypersonic technologies-related patents, jobs, and deals. Meanwhile, the UK, China, Australia and Denmark also maintain significant positions in hypersonic technologies adoption within the aerospace, defense & security industry.
In conclusion, the aerospace, defense & security industry has seen a significant rise in hypersonic technologies-related patent applications and strategic deals. Despite a recent decline in job postings, key players like RTX, L3Harris Technologies and Northrop Grumman are actively driving advancements.
To further understand GlobalData's analysis on hypersonic technologies in the aerospace, defense & security industry, buy the report here.