Since its establishment in 2013, the Innovation Center for the Convergence of Aviation and IT has successfully localized five technologies and commercialized three techniques. Thanks to this localization, 32.8 billion won (US$31.5 million) is expected to be saved by 2020.
On Sept. 22, Korea Aerospace Industries (KAI), which is in charge of the Innovation Center for the Convergence of Aviation and IT, held an event at its headquarters to announce achievements in the first term.
The Innovation Center for the Convergence of Aviation and IT was founded in May 2013 with the support of the National IT industry Promotion Agency to nurture small and medium-sized IT companies through partnership in research and development between large, medium, and small firms. It is also aimed at increasing the competitive advantage of the IT convergence industry.
Over the past year, the center has succeeded in the localization of five methods and the commercialization of three techniques in partnership with six member companies, with government support to the tune of 1.8 billion won (US$1.7 million). Localized techniques include a method of navigation software for civil helicopters and two techniques for an international standard power module and embedded training software, both of which can substitute for imports.
In particular, the 3D navigation system with 50 cm image resolution, which is featured in the SURION police helicopter through the contract with the KAI, is a new domestic invention. Kodea, the developer of the system, anticipates that it will turn over 4 billion won (US$3.8 million) each year by 2020.
Meanwhile, the Ministry of Trade, Industry and Energy estimates that the global aviation and IT convergence market is worth US$84.5 billion with the local market at US$4.6 billion (as of 2012). The global market is expected to grow rapidly to reach US$313.9 billion in 2017.