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Honeywell launches new business unit to capture drone market

Honeywell launches new business unit to capture drone market

Honeywell Int., a leading player in aerospace products, said that it has launched an unmanned aerial systems business to target autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles. It expects the hardware & software segment for urban air taxis, drone cargo delivery, and other drone businesses to reach $120bn by 2030 and its share is expected to be 20% of that.

Milan
Milan
Top in Business