Honeywell starts new business unit to enter drone industry

Haye Kesteloo
June 16, 2020
Delivery by Drone, Air Taxi, Airmap, Amazon, Black Lives Matter, Coronavirus, Drone Industry, Parrot, Passenger Drone, Yuneec

Major supplier of aerospace products, Honeywell International Inc. announced on Monday that it will launch a new business unit to enter the Drone Industry. The new department will focus on the autonomous aviation space, including drones, air taxis, unmanned cargo delivery vehicles.

Honeywell to enter the drone industry

Honeywell’s head of the new drone business, Stéphane Fymat says that the company expects the hardware and software market for urban air taxis, drone cargo delivery, and other drone businesses to reach an estimated US$120 billion by 2030. Honeywell’s opportunity would be 20% of that market and has dedicated hundreds of employees, many of whom have an engineering degree to capture that opportunity.

Major Supplier Of Aerospace Products, Honeywell International Inc. Announced On Monday That It Will Launch A New Business Unit To Enter The Drone Industry.

Fymat said that the new business creation is a direct result of the Coronavirus pandemic that increased the demand for drone deliveries.

Honeywell’s corporate venture capital department is also one of the financial backers of Airmap in Santa Monica whose offices recently burned down during Black Lives Matter protests.

“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.

Honeywell is specifically working on a system that can help unmanned aircraft navigate the ‘urban canyons’ where GPS systems typically don’t work well, according to Reuters.

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Haye Kesteloo

Haye Kesteloo is a leading drone industry expert and Editor in Chief of DroneXL.co and EVXL.co, where he covers drone technology, industry developments, and electric mobility trends. With over nine years of specialized coverage in unmanned aerial systems, his insights have been featured in The New York Times, The Financial Times, and cited by The Brookings Institute, Foreign Policy, Politico and others.

Before founding DroneXL.co, Kesteloo built his expertise at DroneDJ. He currently co-hosts the PiXL Drone Show on YouTube and podcast platforms, sharing industry insights with a global audience. His reporting has influenced policy discussions and been referenced in federal documents, establishing him as an authoritative voice in drone technology and regulation. He can be reached at haye @ dronexl.co or @hayekesteloo.