Mentions of cloud increased by a CAGR of 41% in the aerospace & defence industry since 2020 

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The global aerospace & defence industry experienced a 44% rise in compound annual growth rate (CAGR) in company filings mentions of cloud since 2020. Key companies in terms of mentions include Axon Enterprise, Leonardo, and FLYHT Aerospace Solutions, according to GlobalData’s analysis of over 300 aerospace & defence company filings.  

Notably, since 2020, cloud was among the five most referenced technology themes in terms of mentions, ahead of big data, artificial intelligence, and cybersecurity, according to GlobalData's Company Filings database. Mentions related to cloud increased by 12% year-on-year in 2021 and by 11% year-on-year in 2022. 

Top five companies by mentions of cloud in the global aerospace & defence industry since 2020

Of the 50 leading companies in the aerospace & defence industry, QinetiQ Group had the highest year-on-year increase in references to cloud in 2022. GlobalData identified 16 cloud-related sentences in the company's filings in 2022, 4% of all sentences. Meanwhile, Avon Protection had the highest year-on-year increase in references for cloud in 2021. GlobalData identified 17 cloud related sentences in the company's filings in 2021, 6% of all sentences.

Company filings sentiment related to cloud in the global aerospace & defence industry since 2020

GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for cloud in 2022 was 0.81, which was more positive compared to the average industry sentiment of 0.65.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

Global Data’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.