On March 4, 2019, Global Digital Solutions, Inc. (OTC Pink: GDSI) announced it has completed the acquisition of HarmAlarm, a unique company with a patented aviation technology. HarmAlarm utilizes infrared technology as a “precision low-visibility landing aid” for commercial application. The technology has the ability to provide optimized “landing trajectory” and additional safety information during hazardous weather conditions, such as: wind, icing, turbulence, low ceilings, fog, and more.
This patented technology is an extremely important safety tool that is sure to grab attention of industry professionals in the commercial air travel industry. With reports indicating that commercial air travel is forecast to nearly double in less than 20 years, the demand for new aircraft with advanced technologies are estimated to see a similar growth in demand as well. Global Digital Solutions’ HarmAlarm could be a potential major beneficiary of the coming commercial air travel boom.
IATA, Boeing Forecast Strong Air Travel Numbers in Decades Ahead
The International Air Transport Association (IATA) is a global airline organization that represents around 290 airlines or 82% of global air traffic. The IATA estimates that global commercial air travel could double to 8.2 billion passengers in 2037. This compares to roughly the 4 billion passengers that took to the skies in 2017. This estimated growth represents a compound annual growth rate (CAGR) of 3.5% from 2017 to 2037.
“Aviation is growing, and that is generating huge benefits for the world. A doubling of air passengers in the next 20 years could support 100 million jobs globally. There are two important things that stand out about this year’s forecast. Firstly, we are seeing a geographical reshuffling of world air traffic to the East. And secondly, we foresee a significant negative impact on the growth and benefits of aviation if tough and restrictive protectionist measures are implemented,” details Alexandre de Juniac, the IATA’s Director General and CEO.
In response to the IATA report and a similar internal assessment, Boeing (NYSE: BA) announced that the rise in commercial air travel and retirement of existing fleets will require an estimated 42,730 new jets, which is valued at $6.3 trillion, to be commissioned over the next two decades. Boeing estimates that a corresponding growth in commercial aviation services could drive total opportunity to $15 trillion over next twenty years.
According to global aircraft fleet data, there are over 900 airplanes that are at least 25 years old. “By the mid-2020s, more than 500 airplanes a year will reach 25 years of age 0 double the current rate – fueling the retirement wave,” according to Boeing.
Major Opportunity for HarmAlarm Technology to Integrate Into Future Global Aircraft Fleets
As Boeing estimates the need for 42,730 commercial jets over the next twenty years, this presents a major market opportunity for HarmAlarm and Global Digital Solutions, Inc. The next generation of aircraft will continue to focus on new technologies, particular safety features. It makes sense that one such safety upgrade would be Integrating an advanced infrared technology to assist pilots and air traffic control operatives with safely landing an aircraft during hazardous weather conditions.
Global Digital Solutions and HarmAlarm are focused on licensing the patented Precision Approach Landing System (PALS) to major aircraft manufacturers and the industry in general. HarmAlarm is now housed within Global Digital Solutions’ newly-created GDSI Avaiation Solution subsidiary, which will be led by PALS inventor and HarmAlarm chief, Gary Ball.
Overall, Global Digital Solutions seems to have made a great move in acquiring HarmAlarm, given the massive growth that industry leaders see over the next two decades. Boeing is an undeniable leader within the aircraft industry, which estimates $6.3 trillion in new jets are needed within the time frame. With Global Digital Solutions and HarmAlarm planning to approach major aircraft manufactures for its PALS technology, it is only natural to think Boeing is a potential suitor.
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