Honeywell International Inc, a major supplier of aerospace products, said Monday it launched an unmanned aerial systems business to bet on the autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles.
Stéphane Fymat, the head of that new business, said Honeywell expects the hardware and software market for urban air taxis, drone cargo delivery, and other drone businesses to reach US$120 billion by 2030 and Honeywell’s market opportunity would be about 20per cent of that. He declined to say how much of that market Honeywell was targeting to capture, adding only that the unit has hundreds of employees with many engineers.
Some of Honeywell’s customers include Intel-backed Volocopter, Slovenia-based small aircraft maker Pipistrel, which is developing an electric vertical take-off and landing aircraft for cargo delivery, and UK-based Vertical Aerospace, which has test flown a prototype vehicle last year that can carry 250 kilograms and fly at 80 kilometers an hour.
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