10 New Aerospace Companies Supporting High Altitude Innovation

David R. Prasser

February 16, 2024

Dive into the expanding universe of aerospace, a dynamic sector with over 89K+ companies. This blog highlights 10 pioneering firms from 9K+ new aerospace companies that are redefining the industry. These innovators are leading the way in sustainable propellants, reusable aircraft, and high-altitude pseudo satellites, among others.

The aerospace industry is entering a new era, driven by sustainability and technological advancements from emerging companies. Sustainable propellants, reusable aircraft, high-altitude pseudo-satellites, and anti-icing technologies improve efficiency and safety while reducing environmental impact. These developments are reshaping global transportation and space exploration. Dive into our article to gain data-driven insights on:

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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 aerospace industry. This sector is marked by key trends and a substantial workforce, shaping its future. In January 2025, we last updated this report. Notice something that’s not right? Let’s fix it together. Here are some key insights at a glance:

  • Latest Aerospace Trends: The aerospace industry is soaring with innovations like aerospace coatings that protect aircraft and improve aerodynamics. Electric aircraft offer emissions-free flight. Urban air mobility eases city congestion through air transport. Sustainability drives innovation in materials and fuels and digitization which improves aircraft design, maintenance, and operations for efficiency and safety.
  • Aerospace Industry Stats: The aerospace sector encompassing 89K+ active companies has seen 4.08% annual growth rate over the past five years while employing a skilled workforce of 9.1 million people. Moreover, 9K+ new entrants have joined the industry in the same span.
  • 10 Top Aerospace Companies to Watch:
      1. Vestigo Aerospace – Advanced Drag Sails
      2. Venus Aerospace – Reusable Aircrafts
      3. DREAM Aerospace – Sustainable Propulsion
      4. Parmanu Aerospace – High Altitude Pseudo Satellites
      5. Siren Aerospace – Personal Electric Aircraft
      6. Orbyte Aerospace Technologies – Flight & Orbital Simulations
      7. Fusion Bionic – Aircraft Surface Anti-icing
      8. Auriga Aerospace – Solar-powered Unmanned Aerial Systems
      9. Syos Aerospace – Heavy-lift Unmanned Aerial Systems
      10. Psyche Aerospace – Agricultural Spraying Drones

Meet 10 Out of 9K+ Emerging Aerospace Companies

The industry is currently experiencing a major influx of new aerospace companies, signaling a period of intense innovation and expansion. This wave of new entrants highlights a sector in transformation, poised to address the intricate demands of contemporary air travel and space exploration.

In this section, we spotlight 10 emerging aerospace companies at the forefront of this change. Their contributions span across areas like novel aerospace coatings, electric aircraft, urban air mobility, and more that are setting new benchmarks in technological advancement and sustainable practices that redefine the aerospace landscape.

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. Vestigo Aerospace

  • Founding Year: 2020
  • Employee Range: 11-50
  • Location: USA
  • Signal Strength: Very Strong

Vestigo Aerospace develops Spinnaker drag sails for deorbiting satellites. The thin-film membranes increase aerodynamic drag and enable satellites to comply with the FCC’s 5-year deorbit rule, benefiting CubeSats, small satellites, and launch vehicles.

 

Vestigo Aerospace

 

This solution is designed for low size, weight, power, and cost, ensuring reliable deorbiting and preserving the low Earth orbit’s future.

2. Venus Aerospace

  • Founding Year: 2020
  • Employee Range: 51-100
  • Location: USA
  • Signal Strength: Very Strong

Venus Aerospace makes Stargazer, a hypersonic, reusable aircraft featuring one-hour global transport. It combines jet and rocket engines for efficient travel, reaching Mach 9 and 170K feet.

 

 

Its rotating detonation rocket engine and wave-rider design ensure high performance and heat resistance, targeting rapid, cost-effective intercontinental flights. The technology benefits global travelers seeking fast, efficient transport solutions.

Further, Venus Aerospace has partnered with Velontra, a company specializing in high-speed air combustion, to conduct flight tests of the VDR2 engine.

3. DREAM Aerospace

  • Founding Year: 2021
  • Employee Range: 11-50
  • Location: India
  • Signal Strength: Very Strong
  • Funding: USD 346 200

Dream Aerospace develops Atom, a monopropellant thruster utilizing eco-friendly green propellant for space propulsion.

 

DREAM Aerospace

 

Atom offers versatile thrust options for CubeSats ranging from 1U to 26U+, ensuring safety, performance, and minimal environmental impact. This solution serves satellite manufacturers seeking sustainable propulsion technologies.

4. Parmanu Aerospace

  • Founding Year: 2022
  • Employee Range: 2-10
  • Location: India
  • Signal Strength: Very Strong

Parmanu Aerospace specializes in high altitude pseudo satellites (HAPS) powered solely by solar energy, capable of months-long flights.

These drones offer cost-effective, persistent Earth observation, communication in remote areas, and high-speed data transmission with low latency.

HAPS are upgradeable and provide 24/7 connectivity, ideal for applications requiring detailed earth observation and extended mobile connectivity.

This technology benefits sectors needing reliable, long-duration aerial platforms for surveillance, communication, and environmental monitoring.

5. Siren Aerospace

  • Founding Year: 2021
  • Employee Range: 2-10
  • Location: Germany
  • Signal Strength: Very Strong

Siren Aerospace creates electric personal aircraft like the Orca, a lightweight, compact single-seater for urban and rural mobility.

The company’s Modular Air Transport System (MATS) offers flexible, mission-specific air transport with universal wings.

Utilizing hydrogen fuel cell technology and lightweight materials, Siren Aerospace improves personal and business transport, benefiting individuals and companies seeking efficient, eco-friendly mobility solutions.

6. Orbyte Aerospace Technologies

  • Founding Year: 2021
  • Employee Range: 2-10
  • Location: Turkiye
  • Signal Strength: Very Strong

Orbyte Aerospace Technologies develops Orbiter, a high-fidelity space simulation software designed for extraterrestrial mission engineering.

 

Orbyte Aerospace Technologies

 

It offers solutions like flight and orbital simulations, AI pilots, and ground station installation, serving aerospace industry professionals looking to design, simulate, and analyze space missions.

7. Fusion Bionic

  • Founding Year: 2021
  • Employee Range: 11-50
  • Location: Germany
  • Signal Strength: Very Strong

Fusion Bionic employs innovative laser technology for anti-icing on aircraft surfaces. Its direct laser interference patterning (DLIP) technique enhances surface properties to reduce ice formation, reducing the need for chemical deicers and fuel for heating parts.

 

 

This technology benefits airlines and passengers by lowering environmental impact, wait times, energy, and fuel consumption, while also reducing aircraft weight due to smaller heating units.

8. Auriga Aerospace

  • Founding Year: 2020
  • Employee Range: 2-10
  • Location: UK
  • Signal Strength: Strong

Auriga Aerospace offers unmanned air systems, including the AU-420 High Altitude Pseudo-Satellite (HAPS), powered by solar energy for extended missions of up to 90 days.

 

 

The systems, designed for global data acquisition, processing, and communication, support diverse payloads for surveillance, 5G communications, and IoT technologies. Ideal for sectors requiring high-resolution data and rapid deployment.

9. Syos Aerospace

  • Founding Year: 2021
  • Employee Range: 2-10
  • Location: New Zealand
  • Signal Strength: Medium Strong

Syos Aerospace develops the SA-200, a heavy-lift unmanned aerial system (UAS) for a range of applications including goods transport, sensitive equipment lifting, and aerial platform uses.

 

Syos Aerospace

 

With a 200kg payload capacity, 2-hour flight endurance, and capable of over 100km range, the SA-200 serves defense, commercial, and logistic sectors by offering a cost-effective, reliable alternative to manned aircraft for complex, risky, or labor-intensive tasks.

10. Psyche Aerospace

  • Founding Year: 2022
  • Employee Range: 11-50
  • Location: Brazil
  • Signal Strength: Strong
  • Funding: Secured USD 2.8 million

Psyche Aerospace makes Harpia P-71 and Beluga drones that advance agricultural spraying. Employing advanced AI for autonomous operations enables efficient pesticide application. This further reduces costs, advances large-scale farming, and improves precision while benefiting farmers with productivity and reduced labor.

 

 

 

How to Find New Aerospace Companies Quickly

Utilizing a SaaS platform like the Discovery Platform for identifying new aerospace companies provides significant benefits compared to traditional scouting methods:

  • Increased 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 aerospace innovations.
  • Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the aerospace industry. The platform keeps you informed with near real-time updates on emerging aerospace companies and news, enabling you to make swift and informed decisions.
  • Precise Scouting: Customize your search to focus on specific niches within the aerospace sector, such as reusable aircraft, green propellants, or high-altitude pseudo satellites. 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 Aerospace Companies?

We’ve explored the dynamic landscape of the aerospace industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our detailed free SpaceTech Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.

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