| Top 10 Themes | 2020 Rank | 2019 Rank | Top 5 Companies with Themes Mentions in 2020 |
|---|---|---|---|
| M&A | 1 | 1 | Raytheon Technologies Corp | Mercury Systems Inc | L3Harris Technologies Inc | Thales SA | Woodward Inc |
| Geopolitics | 2 | 2 | ThyssenKrupp AG | IHI Corp | Mitsubishi Electric Corp | Larsen & Toubro Ltd | Kawasaki Heavy Industries Ltd |
| Climate Change | 3 | 3 | IHI Corp | Mitsubishi Electric Corp | General Electric Co | Kawasaki Heavy Industries Ltd | ThyssenKrupp AG |
| Emerging Economies | 4 | 4 | Larsen & Toubro Ltd | ThyssenKrupp AG | Boustead Heavy Industries Corp Bhd | Hanwha Corp | Bharat Electronics Ltd |
| China Impact | 5 | 5 | ThyssenKrupp AG | General Electric Co | Rheinmetall AG | AviChina Industry & Technology Co. | Ltd. | Mitsubishi Electric Corp |
| Cybersecurity | 6 | 6 | Thales SA | Leonardo SpA | Howmet Aerospace Inc | General Electric Co | Barnes Group Inc |
| Workplace Safety | 7 | 9 | IHI Corp | Howmet Aerospace Inc | Fincantieri SpA | CAE Inc | Bombardier Inc |
| Internet of Things | 8 | 7 | Thales SA | Ultra Electronics Holdings Plc | Larsen & Toubro Ltd | Kawasaki Heavy Industries Ltd | AeroVironment Inc |
| Artificial Intelligence | 9 | 8 | Kawasaki Heavy Industries Ltd | Thales SA | Ultra Electronics Holdings Plc | Mitsubishi Electric Corp | Larsen & Toubro Ltd |
| Robotics | 10 | 10 | Kawasaki Heavy Industries Ltd | Thales SA | Kratos Defense & Security Solutions Inc | Drone Aviation Holding Corp | Mitsubishi Electric Corp |
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