This article presents a quarterly round-up of the latest trends in the aerospace, defense & security industry regarding AI. It provides an overview of recent developments in AI-related deals, talent acquisition, and patent filings within the aerospace, defense & security industry.
Diverse applications of artificial intelligence in aerospace, defense & security industry
Defence companies are leveraging the latest patents in the field of Artificial Intelligence (AI) to innovate and improve their businesses. These patents cover a range of AI technologies and applications. One patent enhances crop yield prediction through high-elevation digital images and data, enabling precise agricultural decision-making. Another focuses on UAV control preferences, utilizing image sensors and processors for user-customizable control settings. An accelerated optimization patent speeds up nonlinear optimization problem-solving through optimality conditions and an auxiliary dynamical system. A lane boundary detection patent, analyzing sensor data with machine learning, improves vehicle safety and autonomy. Lastly, a patent improves GPS coordinates accuracy for indoor photos, valuable for mapping and navigation. Acquiring these patents will benefit the acquirer by providing them with cutting-edge AI technologies and applications. These innovations can enhance their capabilities in various areas, such as agriculture, UAV control, optimization, autonomous vehicles, and mapping. By leveraging these patents, Defence companies can stay at the forefront of AI advancements and drive further innovation in their respective fields.
The industry experienced a 40% decline in the number of AI-related patent applications in Q3 2023 compared with the previous quarter. On an annual basis, the number of AI-related patent applications in the aerospace, defense & security industry witnessed a drop of 21% compared with Q3 2022.
Strategic deal trends in artificial intelligence 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 AI. 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 AI in the aerospace, defense & security industry.
In Q3 2023, the number of AI-related deals in the aerospace, defense & security industry grew by 25% compared with Q3 2022. On a quarterly basis, there was 67% increase in the number of deals in Q3 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q3 2023, the aerospace, defense & security industry experienced a 23% drop compared with the previous quarter. On an annual basis, job postings also declined by 19%. Notably, Computer and Mathematical Occupations, with a share of 28%, emerged as the top AI-related job roles within the aerospace, defense & security industry in Q3 2023, with new job postings drop by 20% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 15% in Q3 2023, with new job postings dropping by 20% over the previous quarter. The other prominent AI roles include Management Occupations with a 7% share in Q3 2023, and Business and Financial Operations Occupations with a 5% share of new job postings.
Huntington Ingalls Industries, CAE, Boeing, Leidos, and Lockheed Martin are among the top companies leading in AI hiring within the aerospace, defense & security industry.
Countries driving adoption of artificial intelligence in aerospace, defense & security industry
The US is the leading country in AI adoption within the aerospace, defense & security industry, boasting the highest number of AI-related patents, jobs, and deals. Meanwhile, China, the UK, Germany and South Korea also maintain significant positions in AI adoption within the aerospace, defense & security industry.
In the Aerospace, Defense & Security sector, artificial intelligence (AI) fuels innovation, evident in strategic investments, patent acquisitions, and increased hiring. Despite a temporary dip in patent applications, the industry remains committed to AI adoption, with global leaders ensuring sustained growth and advancement. To further understand GlobalData’s analysis on artificial intelligence in the aerospace, defense & security industry, buy the report 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 Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. 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.
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