Honeywell launches new business unit to capture drone market

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 $120 billion by 2030 and Honeywell’s market opportunity would be about 20% 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.

The new business creation comes as the coronavirus pandemic creates a surge of interest in drone deliveries; Fymat said it’s accelerating the drone cargo delivery programs of some of its partners. Honeywell’s corporate venture capital arm has also invested in Southern California’s AirMap, an unmanned air traffic control system for drones, and Switzerland-based Daedalean, which develops autonomous flight controls.

Military drone anti personnel market should boom. Future of terrain warfare .. speed unmatched compared to human soldiers.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Beijing In ‘Wartime Emergency Mode’ After New Coronavirus Cluster Found At MarketDozens of new cases have been reported at one of the largest markets in Asia. Yet nobody takes a stand for the wild life of this earth, HUMANS ARE SO SELF BLOODY RIGHTEOUS, Mean while the oceans that should contain more life than any peanut brain can understand are dying, the forest are dying, animals are dying, MAINLY OF THE DOING OF HUMANS Self entitled what goes around comes around? here we go again
Fonte: Forbes - 🏆 394. / 53 Leggi di più »

Goldman Marcus UK pauses new accounts - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »