As the aerospace, defense & security industry increasingly intertwines with the digital realm, cybersecurity has come to the forefront, dictating patent innovations, driving deal activities, and influencing hiring trends. While fluctuations in patent applications and hiring metrics are observed, the surge in deals showcases the industry’s heightened emphasis on cybersecurity’s pivotal role. GlobalData’s cybersecurity market report offers in-depth analysis of the cybersecurity industry, including detailed forecasts, competitive dynamics, and emerging trends. Buy the report here.
This article presents a quarterly round-up of the latest trends in the aerospace, defense & security industry regarding cybersecurity. It provides an overview of recent developments in cybersecurity-related deals, talent acquisition, and patent filings within the aerospace, defense & security industry.
Diverse applications of cybersecurity in aerospace, defense & security industry
Defense companies operating in the cybersecurity sector are harnessing the latest patents to drive innovation and enhance their operational security. Among these patents, "Direct data transfer system" facilitates secure data exchange between memory circuits, bolstering overall cybersecurity capabilities. Concurrently, "Access management system" scrutinizes data from mobile and connected devices to validate access requests, ensuring only authorized individuals gain entry to sensitive information, thus fortifying cybersecurity measures. The "Tamper-resistant datalink communications system" patent presents a secure communication system between ground and remote modules. Using various modulation techniques and duplicate signals, it prevents tampering and boosts data transmission security. This patent offers defense companies a robust communication solution for maintaining the confidentiality and integrity of their communications.
"Systems and methods for securely monitoring a shipping container for an environmental anomaly" and "Methods and systems for authentication of an electric aircraft for recharging" are among the other examples of patents that defense companies are leveraging to enhance their cybersecurity technologies and applications. By implementing the latest innovations, they can improve data transfer, access management, communication security, supply chain security, and authentication systems. These advancements will enable defense companies to strengthen their cybersecurity measures and protect their sensitive information and assets effectively.
The industry experienced a 7% decline in the number of cybersecurity-related patent applications in Q2 2023 compared with the previous quarter. On an annual basis, the number of cybersecurity-related patent applications in the aerospace, defense & security industry witnessed a drop of 6% compared with Q2 2022.
Strategic deal trends in cybersecurity in aerospace, defense & security industry
Aerospace, defense & security companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in cybersecurity. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of cybersecurity in the aerospace, defense & security industry.
In Q2 2023, the number of cybersecurity-related deals in the aerospace, defense & security industry grew by 100% compared with Q2 2022. On a quarterly basis, there was 200% increase in the number of deals in Q2 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2023, the aerospace, defense & security industry experienced a 4% drop compared with the previous quarter. On an annual basis, job postings also declined by 7%. Notably, computer and mathematical occupations, with a share of 32%, emerged as the top cybersecurity-related job roles within the aerospace, defense & security industry in Q2 2023, with new job postings drop by 7% quarter-on-quarter. Management occupations came in second with a share of 9% in Q2 2023, with new job postings rising by 0.85% over the previous quarter. The other prominent cybersecurity roles include architecture and engineering occupations with a 7% share in Q2 2023, and business and financial operations occupations with a 5% share of new job postings.
RTX, Leidos, Rohde & Schwarz, Huntington Ingalls Industries, and Northrop Grumman are among the top companies leading in cybersecurity hiring within the aerospace, defense & security industry.
Countries driving adoption of cybersecurity in aerospace, defense & security industry
The US is the leading country in cybersecurity adoption within the aerospace, defense & security industry, boasting the highest number of cybersecurity-related patents, jobs, and deals. Meanwhile, the UK, Greece, Germany and Japan also maintain significant positions in cybersecurity adoption within the aerospace, defense & security industry.
To conclude, the aerospace, defense & security industry is leveraging patents to strengthen cybersecurity, enhancing data protection, access control, and communication security. Despite a minor decrease in patent applications, heightened deal activity and strategic hiring reflect the industry's commitment to advancing cybersecurity measures.
To further understand GlobalData's analysis on cybersecurity in the aerospace, defense & security industry, buy the report here.