Gauzy Expects To Generate an Aggregated Revenue of $240 Million Over Next 10 Years from Aeronautic Cockpit Shading
Gauzy (GAUZ) expects to generate $240 million in revenue over the next 10 years from its dominant 95% market share in cockpit shading for commercial aircraft and business jets. The company's aeronautics business saw a 38.1% increase in revenue to $20.2 million in H1 2024. Gauzy is capitalizing on industry tailwinds, including increased air travel demand and regulatory requirements for part replacement.
The company is expanding into the broader $600 million aircraft shading and lighting market, which is projected to grow at a 6.4% CAGR from 2023 to 2028. Gauzy's long-standing relationships with major OEMs and airlines, along with its technical expertise, position it well for growth in both new aircraft and aftermarket products.
Gauzy (GAUZ) prevede di generare 240 milioni di dollari di fatturato nei prossimi 10 anni grazie alla sua dominanza nel mercato, con una quota del 95% nel settore delle oscuranti per cockpits di aerei commerciali e jet privati. Il business aeronautico dell'azienda ha visto un aumento del 38,1% del fatturato, arrivando a 20,2 milioni di dollari nel primo semestre del 2024. Gauzy sta capitalizzando sulle tendenze favorevoli del settore, tra cui l'aumento della domanda di viaggi aerei e i requisiti normativi per la sostituzione dei pezzi.
L'azienda sta ampliando la sua offerta nel più ampio mercato dell'illuminazione e delle oscuranti per aerei da 600 milioni di dollari, previsto in crescita con un CAGR del 6,4% dal 2023 al 2028. Le lunghe relazioni di Gauzy con i principali OEM e compagnie aeree, insieme alla sua esperienza tecnica, la pongono in una posizione favorevole per la crescita sia nel segmento dei nuovi aerei che nei prodotti aftermarket.
Gauzy (GAUZ) espera generar $240 millones en ingresos durante los próximos 10 años debido a su cuota de mercado dominante del 95% en el área de sombreado de cockpits para aviones comerciales y jets privados. El negocio aeronáutico de la compañía experimentó un aumento del 38.1% en sus ingresos, alcanzando los $20.2 millones en la primera mitad de 2024. Gauzy está aprovechando las tendencias favorables de la industria, incluido el aumento de la demanda de viajes en avión y los requisitos regulatorios para el reemplazo de piezas.
La compañía se está expandiendo al mercado más amplio de $600 millones para sombreado e iluminación de aeronaves, que se proyecta crecer a una tasa compuesta anual del 6.4% desde 2023 hasta 2028. Las relaciones de larga data de Gauzy con importantes fabricantes de equipos originales (OEM) y aerolíneas, junto con su experiencia técnica, la posicionan bien para el crecimiento tanto en nuevos aviones como en productos de posventa.
Gauzy (GAUZ)는 상업 항공기 및 비즈니스 제트기의 조종석 차양 시장에서 95%의 점유율을 확보하고 있어 향후 10년 동안 2억 4천만 달러의 매출을 생성할 것으로 예상합니다. 회사의 항공 사업 부문은 2024년 상반기 매출이 38.1% 증가하여 2020만 달러에 달했습니다. Gauzy는 항공 여행 수요 증가 및 부품 교체에 대한 규제 요구 사항과 같은 산업의 긍정적인 흐름을 활용하고 있습니다.
회사는 6억 달러 규모의 항공기 차양 및 조명 시장으로 사업을 확장하고 있으며, 이 시장은 2023년부터 2028년까지 연평균 6.4% 성장할 것으로 예상됩니다. Gauzy의 주요 OEM 및 항공사와의 오랜 관계와 기술 전문성 덕분에 새로운 항공기 및 애프터마켓 제품 모두에서 성장할 수 있는 좋은 위치에 있습니다.
Gauzy (GAUZ) s'attend à générer 240 millions de dollars de chiffre d'affaires au cours des 10 prochaines années grâce à sa part de marché dominante de 95 % dans l'ombre des cockpits pour avions commerciaux et jets privés. L'activité aéronautique de l'entreprise a connu une augmentation de 38,1% de son chiffre d'affaires, atteignant 20,2 millions de dollars au premier semestre 2024. Gauzy tire parti des tendances favorables de l'industrie, notamment l'augmentation de la demande de voyages aériens et les exigences réglementaires concernant le remplacement des pièces.
L'entreprise s'étend au marché plus large de 600 millions de dollars pour l'ombre et l'éclairage des avions, qui devrait croître à un taux de croissance annuel de 6,4 % de 2023 à 2028. Les relations de longue date de Gauzy avec les principaux OEM et compagnies aériennes, ainsi que son expertise technique, la positionnent bien pour la croissance tant dans les nouveaux avions que dans les produits de marché secondaire.
Gauzy (GAUZ) erwartet, in den nächsten 10 Jahren 240 Millionen Dollar Umsatz zu generieren, dank seines dominierenden Marktanteils von 95% im Cockpit-Schattierungsgeschäft für Verkehrsflugzeuge und Geschäftsreiseflugzeuge. Das Luftfahrtgeschäft des Unternehmens verzeichnete im ersten Halbjahr 2024 einen Anstieg von 38,1% beim Umsatz auf 20,2 Millionen Dollar. Gauzy nutzt die positiven Branchenentwicklungen, einschließlich der steigenden Luftreisedemande und der regulatorischen Anforderungen für den Austausch von Bauteilen.
Das Unternehmen expandiert in den größeren Markt für Flugzeugbeschattung und -beleuchtung von 600 Millionen Dollar, der voraussichtlich von 2023 bis 2028 mit einer jährlichen Wachstumsrate von 6,4% wachsen wird. Die langjährigen Beziehungen von Gauzy zu großen OEMs und Fluggesellschaften sowie seine technische Expertise positionieren das Unternehmen gut für das Wachstum sowohl bei neuen Flugzeugen als auch bei Ersatzteilen.
- Dominant 95% market share in cockpit shading for commercial aircraft and business jets
- Expected $240 million in aggregate revenue over the next 10 years from cockpit shading
- 38.1% increase in aeronautics business revenue to $20.2 million in H1 2024
- Expansion into $600 million aircraft shading and lighting market with 6.4% CAGR
- Long-standing relationships with major OEMs and airlines spanning over 20 years
- Projected 40% increase in cockpit shading revenue for 2024 compared to 2023
- None.
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NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader of vision and light control systems, today announced that its commanding market-leading position in cockpit shading for all commercial aircraft and business jets, which now stands at a dominant
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
Gauzy’s technical expertise, competitive moat, and well-established relationships in cockpit shading are also a driving force behind its continued expansion into the broader aircraft shading and lighting market, including passenger cabins, which is currently estimated to be a
“Aircraft cockpit shading represents an important part of our aeronautics segment today, and we are already on pace to increase our expected cockpit shading revenue by over
Gauzy offers a wide range of cockpit shading systems and custom-made solutions including dimmable cockpit side windows, roller blinds with high-tech film, and high visual quality sun visors. All of Gauzy’s solutions are certified by OEMs, compliant with applicable regulatory authorities, meet fire and smoke standards, and comprise a scratch-resistant treatment. As OEMs compete to differentiate their offerings, controlling the amount of natural light that enters the aircraft, minimizing glare, and regulating cabin and cockpit temperature are generally considered essential to creating more comfortable environments. Gauzy’s products are solving these important factors, contributing to its dominant position in the global aircraft cockpit and cabin shading market for commercial airlines and business jets.
About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and Dubai. Gauzy serves leading brands in over 30 countries through direct fulfillment and a certified and trained distribution channel.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. In particular, forward-looking statements in this press release include its expected revenue growth for cockpit shading through the end of 2024 as well as expected aggregated revenue over ten years. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict including, without limitation, the following: Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s prospectus (Registration No. 333-278675), dated June 5, 2024 and filed with the SEC. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.
IR and Media Contact Info
Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com
Investors:
Dan Scott, ICR Inc.
ir@gauzy.com
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