Stratview Research announces the launch of a new research report on the Unmanned Traffic Management Market by End-Use Type (Agriculture Forestry, Logistics Transportation, Surveillance Monitoring, and Others), by Solution Type (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure, and Others), by Type (Non-Persistent UTM, Persistent UTM), by Component Type (Hardware Equipment, Software, and Services), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Highlights from the Report
The unmanned traffic management market was estimated at USD 572.6 million in 2021 and is likely to grow at a CAGR of 20.46% during 2022-2028 to reach USD 2134.76 million in 2028.
What is unmanned traffic management?
Unmanned traffic management is a system designed to manage and regulate the traffic of Unmanned Aerial Vehicles (UAVs), also known as drones, in the air. UTM systems are used to ensure the safe and efficient operation of drones in shared airspace, including Beyond Visual Line of Sight (BVLOS) operations.
UTM systems rely on a combination of technologies, including communication systems, surveillance systems, command and control centers, and data analytics tools, to manage drone traffic and ensure the safety of people and property on the ground. These systems enable drone operators, air traffic controllers, and other stakeholders to monitor and manage drone operations, including flight planning, real-time tracking, and situational awareness. The development of UTM systems is a key priority for the drone industry and regulatory agencies worldwide. The technology continues to evolve, and UTM systems are expected to play a critical role in managing airspace and ensuring the safe integration of drones into the existing aviation infrastructure.
The report comprises an analytical representation of the Unmanned Traffic Management Market size along with current trends, challenges, and future estimations to depict imminent investment pockets. To understand the profitable trends and gain a stronger foothold, the report also helps the users with key information related to growth drivers, restraints, and opportunities in the market. The current Unmanned Traffic Management Market forecast is quantitatively analyzed from a particular time period of 5 years to benchmark the financial competency. The user will also get detailed info about the market trends and share of key vendors.
Report Features
This report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Key success factors
This report studies the Unmanned Traffic Management Market and has segmented the market in few ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the ways in which the market is segmented.
By End-Use Type
Based on the end-use type, the market is segmented as agriculture forestry, logistics transportation, surveillance monitoring, and others. The logistics transportation segment dominated the market in 2021 and is likely to continue its leading position during the forecast period. The growth of this segment is owing to the growth in the application of small unmanned aerial systems (below 25 kg in weight) by e-commerce and retail companies.
By Solution Type
Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. The communication infrastructure segment is expected to remain dominant during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.
By Type
Based on the type, the market is segmented as non-persistent UTM and persistent UTM. The persistent UTM segment is estimated to register higher growth in the coming five years. This growth can be attributed to the increase in logistics and transportation activities in developed economies, such as the US, the UK, and Switzerland.
By Component Type
Based on the component type, the market is segmented as hardware equipment, software, and services. The services segment commanded the market in 2021 and is likely to remain dominant during the forecast period as well. The prime focus of unmanned traffic management will be on service providers delivering flight and security information to UTM as well as drone operators.
Regional Insights
In terms of regions, North America dominated the market in 2021 and is estimated to maintain its dominance in the coming five years, driven by the growth in drone activities, the rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Following are the key players in the Unmanned Traffic Management Market:
- Airmap, Inc.
- Altitude Angel Limited
- Analytical Graphics
- SZ DJI Technology Co., Ltd.
- Frequentis
- Harris Corporation
- Lockheed Martin Corporation
- Nova Systems
- Nokia Corporation
- PrecisionHawk
About Stratview Research-
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