The global aerospace, defence & security industry experienced a 52% decline in the number of advanced materials-related patent applications in Q1 2024 compared with the previous quarter. The total number of advanced materials-related grants remained flat 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.
Notably, the number of advanced materials-related patent applications in the aerospace, defence & security industry was 51 in Q1 2024, versus 107 in the prior quarter.
The top five companies accounted for 33% of patenting activity
Analysis of patenting activity by companies shows that RTX filed the most advanced materials patents within the aerospace, defence & security industry in Q1 2024. The company filed 5 advanced materials-related patents in the quarter, compared with 14 in the previous quarter. It was followed by U.S. Department of Defense with 4 advanced materials patent filings, Electricite de France (4 filings), and Airbus (2 filings) in Q1 2024.
Patenting activity was driven by the US with a 92% share of total patent filings
The largest share of advanced materials related patent filings in the aerospace, defence & security industry in Q1 2024 was in the US with 92%, followed by France (16%) and China (6%). The share represented by the US was 53% higher than the 39% share it accounted for in Q4 2023.
For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q1 2024, buy the databook here.
