The global aerospace, defence and security industry experienced an 18% drop in new job postings related to future of work in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 26% decrease versus Q2 2022. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 21% share of the global aerospace, defence and security industry’s future of work-related total new job postings in Q2 2023, down 24% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 21%, emerged as the top future of work-related job roles within the aerospace, defence and security industry in Q2 2023, with new job postings drop by 24% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 18% in Q2 2023, with new job postings dropping by 9% over the previous quarter.
The other prominent future of work roles include Production Occupations with a 9% share in Q2 2023, Management Occupations with a 6% share of new job postings.
Top five companies in aerospace, defence and security industry accounted for 45% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were RTX, Northrop Grumman, Leidos, Space Exploration Technologies, and Teledyne FLIR. Together they accounted for a combined share of 45% of all future of work-related new jobs in the aerospace, defence and security industry.
RTX posted 2,393 future of work-related new jobs in Q2 2023, Northrop Grumman 1,055 jobs, Leidos 780 jobs, Space Exploration Technologies 655 jobs, and Teledyne FLIR 599 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 73.52% share of total new job postings, Q2 2023
The largest share of future of work-related new job postings in the aerospace, defence and security industry in Q2 2023 was in the US with 73.52% followed by Canada (5.62%) and the UK (4.86%). The share represented by the US was six percentage points lower than the 79.02% share it accounted for in Q1 2023.
For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.