The global aerospace, defence & security industry experienced a 25% decline in patent filings in Q3 2024 compared with the previous quarter. The total number of grants dropped by 9%, resulting in overall patent publications decreasing by 25.8%, according to GlobalData’s Patent Analytics. GlobalData’s databook Aerospace, Defense & Security: Patents Trends Q3 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 patent applications in the aerospace, defence & security industry was 11,351 in Q3 2024, versus 15,292 in the prior quarter. Filings were down 24% year-on-year and decrease 25% quarter-on-quarter. This compares to a 24% year-on-year decrease in patent grants and 25% decline in quarter-on-quarter.
The top five companies accounted for 21% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by RTX with 883, followed by Safran with 567 and Boeing with 401.
Patenting activity was driven by the US with a 26% share of total patent filings
The largest share of patent filings in the aerospace, defence & security industry in Q3 2024 was in the US with 26%, followed by China (24%) and Japan (4%). The share represented by the US was 8% higher than the 18% share it accounted for in Q2 2024.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q3 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.
