Honeywell International Inc. is a US conglomerate company that operates globally. It produces diverse aerospace systems, consumer and commercial products, engineering services for a wide variety of customers, from private consumers to major corporations and governments. The company operates four business units, known as Strategic Business Units – Home and Building Technologies (HBT), Honeywell Performance Materials and Technologies, Honeywell Aerospace, and Safety and Productivity Solutions (SPS).
Belonging to the industrials and aerospace sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:
*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.
*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.
*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft and combat vehicles. This shift will lead to significant fuel cost savings for short haul, commercial airlines and less vulnerable supply lines within active combat zones.
*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.
*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications, especially drone air, land, and sea vehicles for commercial applications.
*As Asia and Africa rise in population and wealth, there will be a greater demand for aerospace offerings, especially from established Western suppliers.