Gauzy sees aggregated revenue of $240M over next ten years from cockpit shading

Gauzy announced that its commanding market-leading position in cockpit shading for all commercial aircraft and business jets, which now stands at a dominant 95%, will yield an aggregate revenue of $240 million over the next 10 years. This newly increased market share in cockpit shading was driven by the ramp up of awarded programs in the second quarter of 2024 with long-standing aerospace customers including Gulfstream, Embraer, and Bombardier, which resulted in contributing to Gauzy generating approximately $20.2 million in revenue from its aeronautics business in the first half of 2024, which was a 38.1% increase from the prior year period. A combination of industry tailwinds will contribute to Gauzy generating significant revenue from cockpit shading over the next decade. These include reported consistent year-over-year increases in demand for air travel, which has resulted in leading airline operators placing large orders for new aircrafts. Moreover, research suggests that air travel will increase 48% in 2024 compared to 2022, while some airlines reported increases in utilization of up to 10% over the past year due to the heightened demand. After 6,000-to-10,000 hours of flight time, international regulatory agencies require aircraft parts and accessories be replaced, creating a continuous need for Gauzy’s fully homologated and regulatory approved cockpit shading solutions. Gauzy is uniquely positioned to capitalize on the sizeable opportunity for new aircraft and aftermarket products due to its commercial relationships with leading OEMs for both commercial and business jets, such as Boeing and Airbus, which span more than 20 years.