As the aviation industry embarks on a journey towards sustainability and technological advancement, a new wave of companies emerge, challenging conventional flight paradigms. Companies are developing battery electric propulsion systems that promise a cleaner sky and crafting sophisticated platforms for seamless airport operations. Further, the industry focuses on decarbonization with the production of sustainable aviation fuels (SAF). These new aviation companies are redefining air travel and ensuring a greener future for flying.
This article will delve into:
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the aviation industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Aviation Industry Trends: Some of the key trends in the aviation industry include autonomous flights, immersive simulations, 3D printing, sustainable fuel production, and urban air mobility.
- Aviation Industry Stats: The aviation sector comprises 95K+ organizations. On average, the industry employs about 26 people across 9.2K+ new companies founded in the last five years. The average funding received by the industry stands at 10.9M.
- 10 New Aviation Companies to Watch:
- SiriNor – Electric Jet Turbines
- Fourel Aviation Solutions – Operations Management
- FlyNow Aviation – Urban Air Mobility
- Merlin – Autonomous Flight Platform
- Input Soft – Airport Operations Management Platform
- Aerosys Aviation – UAV Manufacturing and Drone Solution
- Firefly – Sustainable Aviation Fuel Production
- Flux Aviation – Battery Electric Propulsion Systems
- DataBeacon – Data Platform and Applications
- Refuel Energy – Renewable Fuel Production
Discover 10 Out of 9.2K+ Emerging Aviation Companies
In this segment, we explore 10 top aviation companies that redefine air travel through advanced solutions. Embracing environmental sustainability and operational efficiency, these innovators introduce propulsion systems and advanced management platforms as well as produce sustainable aviation fuels. Each of these electric aviation companies contributes to the industry’s transformation, ushering in a sustainable and efficient future for global aviation.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. SiriNor
- Founding Year: 2021
- Employee Range: 11-50
- Location: Norway
- Signal Strength: Very Strong
- What they do: SiriNor develops electric jet turbines without internal combustion to eliminate greenhouse gas emissions from air travel. Integrated into an electric propulsion system, Sirinor’s turbines are powered by either battery packs or hydrogen fuel cells. This allows for sustainable aviation across larger distances and at higher speeds. Moreover, it reduces engine cost, maintenance cost, and engine weight, noise levels with high cruising speeds.
2. Fourel Aviation Solutions
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Medium Strong
- What they do: Fourel Aviation Solutions offers customization solutions for business aviation companies. Its solutions include CAMO, Flights, and CRM. CAMO integrates with other platforms to digitize logbook data and reports. Thus, it reduces paperwork and minimizes the risk of data loss or errors due to human factors. Flights synchronizes aircraft data with flight management systems. This enhances expenditure tracking and PNL calculation for each booking, facilitates report generation, and aids in forecasting future orders. Lastly, CRM streamlines invoicing processes as well as tracks payments, and communications with clients, flight managers, and brokers, enhancing overall operational efficiency.
3. FlyNow Aviation
- Founding Year: 2019
- Employee Range: 11-50
- Location: Austria
- Signal Strength: Very Strong
- What they do: FlyNow Aviation specializes in the development, production, and operation of autonomous electric cargo drones and air taxis with a focus on urban air mobility (UAM). Its eCopters travel intra-city and short inter-city distances on predetermined routes. The integration of automotive manufacturing processes into urban air mobility ensures low costs, low noise emission levels, better operability, and high energy efficiency.
4. Merlin
- Founding Year: 2019
- Employee Range: 100-150
- Location: USA
- Signal Strength: Very Strong
- What they do: Merlin provides a pilot augmentation system, Merlin Pilot. It encodes human piloting expertise into software for enabling autonomous flights. For this, the system uses an array of sensors, alongside natural language processing (NLP) algorithms, for real-time navigation and environmental awareness. This also facilitates clear communication with air traffic control. Merlin Pilot allows large aircraft to operate with minimal crew while enabling small aircraft to fly autonomously.
5. Input Soft
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Input Soft develops platforms for resource and data management. They allow aviation companies to upload parameters and flight schedules to generate shift plans and rosters for all employees automatically. The platforms then allow companies to control operations in real time with increased visibility as well as offer review analytics. This way, the company increases employee utilization and revenue while reducing infrastructure costs and carbon emissions.
6. Aerosys Aviation
- Founding Year: 2020
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Aerosys Aviation offers an unmanned aerial vehicle (UAV) manufacturing and drone solution. Its services encompass aerial drone photography, capturing views of landscapes and architecture, and surveying and mapping. Also, it leverages UAVs for safety and security through aerial surveillance as well as for inspections with fault identification in challenging areas. The company serves the border security, forest and wildlife monitoring, agriculture, railways, oil and gas, and mining sectors.
7. Firefly
- Founding Year: 2022
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Firefly advances the sustainable aviation fuel industry by converting sewage into fuel. It applies a hydrothermal liquefaction (HTL) process to generate high pressure and heat to convert sewage into crude oil and biochar. Lower energy levels make it effective for processing wet wastes. The fuel mirrors the properties of fossil jet fuel with low carbon intensity. Additionally, the biochar byproduct offers a solution for carbon sequestration, with applications in both construction and agriculture. Thus, Firefly repurposes sewage sludge, a globally available and cost-effective resource, and reduces greenhouse gas emissions with SAF.
8. Flux Aviation
- Founding Year: 2021
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Flux Aviation develops battery electric propulsion systems with a custom battery pack architecture, capable of withstanding battery fires. Its modular architecture enables easy retrofitting into different aircraft. The company offers three electric powertrain solutions – FLUX-75, FLUX-150, and FLUX-500. FLUX-75 is designed for 2-seat light-sport aircraft and is compatible with the Rotax 912 engine. FLUX-150 is used for general aviation fleets and is compatible with Lycoming and Continental engines. The FLUX-500 is developed for larger-scale applications. Flux Aviation thus provides low-cost and zero-emission transportation while reducing aviation noise levels.
9. DataBeacon
- Founding Year: 2019
- Employee Range: 2-10
- Location: Spain
- Signal Strength: Very Strong
- What they do: DataBeacon provides three AI applications for data management – Romeo5, Bravo5, and Echo5. Victor5 provides a data platform for developing aviation applications. Romeo5 offers situational awareness and flight information for towers. Bravo5 works as a post-operational safety analysis and replay tool. Echo5 enhances environmental accountability through efficiency and emissions assessment. This way, DataBeacon allows aircraft companies to increase safety and traveler experience.
10. Refuel
- Founding Year: 2019
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Very Strong
- What they do: Refuel manufactures renewable fuels, accelerating the decarbonization of heavy-duty transportation without the need for changes in vehicles or delivery infrastructure. The company creates renewable diesel (RD) and renewable hydrogen for fleet operators. It enables quick integration by blending these low-carbon fuels with traditional fossil fuels. Through this approach, Refuel reduces carbon emissions across the value chain, contributing to a cleaner, more sustainable future.
Quick Tip to Find New Aviation Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new aviation companies provides significant benefits compared to traditional scouting methods:
- Streamline Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying aviation innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the aviation industry. The platform keeps you informed with near real-time updates on emerging aviation companies and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the aviation sector, such as renewable fuel production, battery electric propulsion systems, or UAV manufacturing. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Aviation Companies?
This overview highlights just a few new aviation companies of all 9.2K+ currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
