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Business/Financial

Honeywell Creates Business Unit For Drones And Urban Air Mobility

By Brian Garrett-Glaser

Monday, June 15th, 2020

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Honeywell Creates Business Unit For Drones And Urban Air Mobility

Seeing a $120 billion opportunity, Honeywell has created a business unit dedicated to providing hardware and software solutions for drones and air taxis. (Uber Elevate, design by Corgan)

Honeywell [HON] has created a new business unit dedicated to unmanned aerial systems (UAS) and urban air mobility (UAM) with dedicated engineering and sales resources valuing the hardware and software market for such systems at $120 billion by 2030 , the company said on Monday. “Urban Air Mobility and Unmanned Aerial Systems will play an increasing role in the future of aerospace, with potential applications in all-electric urban air taxi vehicles, hybrid-electric unmanned cargo drones, optionally piloted airplanes, delivery drones…

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