Honeywell expects air-taxi growth to boom in 2030 after limited use
MARHARYTA MARKO         
Honeywell International (NASDAQ:HON) forecasts that air taxis will have limited use before seeing a boom in 2030.Â 
Military and cargo shippers will be the first to use electric vertical takeoff and landing vehicles, or what are known as eVTOLs, Mike Madsen, president and CEOÂ of Honeywell Aerospace, said Thursday at a conferenceÂ hosted by Jefferies.
âThere will be some initial vehicles introduced thatâll be used for some limited use cases maybe under some pretty strict requirements, and then it will take off,â Madsen, who estimates the company's eVTOL sales will reach about $2 billion by 2030. âItâs going to be really slow at the beginning.â