Categories: aerospace & defense
Forecast: Global market for space-enabled solutions to grow to EUR 1,250 billion by 2040
Space applications provide precise data that can increase efficiency in manufacturing, logistics, or resource management across numerous industries Demand for space-enabled solutions in the automotive sector will triple from EUR 71 billion (2021) to EUR 217 billion (2040) Compared to other nations, Germany has yet to fully exploit the potential of space applications
The traffic of the future is taking off: Air taxis open up huge market potential
Market volume of USD 90 billion a year and 160,000 air taxis expected by 2050 Investments increase more than twenty-fold in the first half of 2020 compared to 2016 – despite corona crisis More than 110 cities around the world are working on Urban Air Mobility solutions
Munich, November 2020: In the coming years, air taxis will supplement private transport in ur
Pace of progress quickens for electrical propulsion in aircraft
Electrical propulsion in aerospace is set to bring low-noise, low-emission, and potentially even safer hybrid-electric flight to market within the next 15 years. The pace of development is quickening: With roughly 100 different aircraft programs in development, the number of projects has increased by more than 30 percent since 2017.