Aviation Industry is growing very fast for the last two decades. Despite the Covi-19 pandemic, the demand for new civil aircraft and military aircraft is not reduced. Developing countries like India are major importers but these want to grow in the design, development, and manufacturing of Aircarfts both in civil and military aviation. The aviation industry is technologically driven and needs high-tech entrepreneurs. Hence, I want to know the views of researchers on how to exploit opportunities for high-tech entrepreneurship in the Aviation industry?
Very pertinent question in view of the current boom in unmanned aviation and their proven utility in Disaster Relief and Humanitarian Assistance operations.
Drones, UAVs, eVTOLs which can be jointly put under Urban Air Mobility is the future of Aviation.
Urban Air Mobility Market is projected to grow from USD 2.6 billion in 2020 to USD 9.1 billion by 2030, at a CAGR of 13.5% from 2020 to 2030. The increasing demand for an alternative mode of transportation in urban mobility for commercial applications and technological innovations in unmanned technology are the major factors driving the market.
key players:
- Wisk Aero (US)
- Lilium (Germany)
- EHang (China)
- Jaunt Air Mobility (US)
- Volocopter (Germany)
Aircraft Sensors Market (UAV, EVTOL, Fixed, Rotary), is projected to grow from USD 3.5 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 4.8% during the forecast period. Increase in aircraft orders is one of the key factors driving the aircraft sensors market. According to the Boeing Current Market Outlook 2018, the demand for commercial aircraft will grow significantly in the future. Rising military expenditure of emerging economies will also contribute to the growth of the aircraft sensors market.
key players:
- Honeywell International, Inc., (US)
- TE Connectivity Ltd. (Switzerland)
- Ametek, Inc. (US)
- General Electric Company (US)
- Meggitt PLC (UK)
- Safran Electronics & Defense (France)
- Woodward Inc. (US)
- Thales Group (France)
- Zodiac Aerospace (France)
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