The global aerospace, defence & security industry experienced a 19% decline in the number of future of work-related patent applications in Q1 2024 compared with the previous quarter. The total number of future of work-related grants dropped by 10% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Aerospace, Defense & Security: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of future of work-related patent applications in the aerospace, defence & security industry was 749 in Q1 2024, versus 924 in the prior quarter.
The top five companies accounted for 23% 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 Q1 2024. The company filed 61 future of work-related patents in the quarter, compared with 72 in the previous quarter. It was followed by Boeing with 46 future of work patent filings, Airbus (31 filings), and Oshkosh (17 filings) in Q1 2024.
Patenting activity was driven by the US with a 32% share of total patent filings
The largest share of future of work related patent filings in the aerospace, defence & security industry in Q1 2024 was in the US with 32%, followed by China (24%) and Japan (7%). The share represented by the US was 6% higher than the 27% share it accounted for in Q4 2023.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q1 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
