Notably, the number of patent applications in the aerospace, defence & security industry was 11,418 in Q3 2023, versus 13,600 in the prior quarter. Filings were down 25% year-on-year and decrease 16% quarter-on-quarter. This compares to a 25% year-on-year decrease in patent grants and 16% decline in quarter-on-quarter.

The top five companies accounted for 17% 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 582, followed by Safran with 460 and General Electric with 363.

Patenting activity was driven by China with a 34% share of total patent filings

The largest share of patent filings in the aerospace, defence & security industry in Q3 2023 was in China with 34%, followed by the US (23%) and South Korea (5%). The share represented by China was 3% higher than the 31% share it accounted for in Q2 2023.

For further understanding of GlobalData's Aerospace, Defense & Security: Patents Trends Q3 2023, buy the databook here.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

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.