Gauzy Expects To Generate an Aggregated Revenue of $240 Million Over Next 10 Years from Aeronautic Cockpit Shading
Gauzy Ltd. - Ordinary Shares (GAUZ)
Company Research
Source: GlobeNewswire
New wins in Q2 2024 increase Gauzy’s total market share to a dominant 95% of all cockpit shading in commercial aircraft and business jets Technical expertise and long-term customer relationships position Gauzy to further expand presence in estimated $600 million annual aircraft shading and lighting market 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 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 re
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