Name: Honeywell launches autonomous aviation unit aimed at drones, air taxis, and cargo delivery vehicles
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Honeywell launches autonomous aviation unit aimed at drones, air taxis, and cargo delivery vehicles

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×Please wait...Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. .(Reuters) — Honeywell, 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 $120 billion by 2030 and that 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.Honeywell doesn’t build drones itself but provides autonomous flight control systems and aviation electronics.The new business comes as the coronavirus pandemic ; Fymat said it’s accelerating the drone cargo delivery programs of some of its partners.MetaBeat 2022MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.Honeywell’s customers ; Slovenia-based small aircraft maker Pipistrel, which is developing an electric vertical take-off and landing aircraft for cargo delivery; and U.K.-based Vertical Aerospace, which test-flew a prototype vehicle last year that can carry 250 kilograms and fly at 80 kilometers an hour.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.“We’re not trying to bet on who’s going to have the best drone. We want to sell to everyone’s drones,” said Murray Grainger, head of Honeywell Ventures.Fymat said his unit is working on a pilot project to use QR codes for autonomous landing and also developing a system that can help aircraft navigate the “urban canyons” where GPS may fail.(Reporting By Jane Lanhee Lee, editing by Greg Mitchell and Aurora Ellis.)VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact.Join metaverse thought leaders in San Francisco on October 4 to learn how metaverse technology will transform the way all industries communicate and do business.Did you miss a session from Transform 2022? Head over to the on-demand library for all of our featured sessions.We may collect cookies and other personal information from your interaction with ourwebsite.For more information on the categories of personal information we collect and the purposes we usethem for,please view our

×Please wait...Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. .(Reuters) — Honeywell, 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 $120 billion...

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Honeywell launches autonomous aviation unit aimed at drones, air taxis, and cargo delivery vehicles

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