Unmanned Traffic Management Market Share
Unmanned Traffic Management Market is projected to reach USD 4,921.44 Million by 2030 and register a CAGR of 20.21% from 2020-2030.
The increasing adoption of drones in logistics & transportation and other commercial applications has significantly contributed to the expansion of the UTM market. Increasing initiatives undertaken by the aviation authorities of countries such as the US for developing advanced traffic management systems is also expected to drive the growth of the market. For example, in Feb 2019, the Federal Aviation Administration (FAA) and the National Aeronautics and Space Administration (NASA) partnered with private companies to develop a cloud-based traffic management system for handling unmanned aerial vehicles (UAV) operating within the national airspace.
However, issues related to the vulnerabilities of Unmanned Traffic Management Market software modules and the slow certification process might hamper the growth of the market.
Key Players
Leonardo S.p.A. (Italy), Frequentis (Austria), Altitude Angel (UK), L3Harris Technologies, Inc. (US), Skyward (US), Lockheed Martin Corporation (US), AirMap, Inc. (US), Nova Systems (Australia), Thales Group (France), Unifly (Belgium)
Other Prominent Players
Raytheon Technologies Corporation (US), PrecisionHawk (US), DJI (China), senseFly (Switzerland), ViaSat, Inc. (US), Analytical Graphics, Inc. (US), Nokia (Finland)
Market USP
The growing usage of drones for various applications such as packaged delivery services, search & rescue operations, and infrastructure monitoring is expected to contribute to the growth of the UTM market.
Growth Opportunities in unmanned traffic management Market
The Communication Infrastructure Segment to Lead the Market: The communication infrastructure segment is estimated to lead the UTM market during the forecast period. The growth of this segment is driven by the increasing adoption of Beyond Line-of-Sight Operations (BVLOS), which require accurate communication between UTM and drone operators.
The Logistics & Transportation Segment to Grow at the Highest CAGR During the Forecast Period from 2020 to 2030: The logistics & transportation segment is estimated to record the highest CAGR during the forecast period. The growth of this segment can be attributed to the increase in the adoption of small drones (below 25 kg in weight) by retail companies and e-commerce companies for delivering goods.
The Services Segment to Grow at the Highest CAGR: The services segment is expected to register the highest CAGR during the forecast period from 2020 to 2030. The major focus of unmanned traffic management will be on service providers for providing flight services, information, and security to drone operators.
The Persistent Segment to Register the Higher CAGR: The persistent segment of the UTM market is projected to exhibit a higher CAGR during the forecast period from 2020 to 2030. The growth can be attributed to the rising adoption of drones by the medical and e-commerce industries, and the increasing use of drones in logistics & transportation applications to monitor wide geographic areas.
Table Of Contents
- EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL Unmanned Traffic Management (UTM) Market, BY SOLUTION
1.1.2. GLOBAL Unmanned Traffic Management (UTM) Market, BY END USE
1.1.3. GLOBAL UNMANNED TRAFFIC MANAGEMENT (UTM) MARKET, BY COMPONENT
1.1.4. GLOBAL UNMANNED TRAFFIC MANAGEMENT (UTM) MARKET, BY TYPE
1.1.5. GLOBAL UNMANNED TRAFFIC MANAGEMENT (UTM) MARKET, BY REGION
- MARKET INTRODUCTION
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
2.4. KEY BUYING CRITERIA
2.5. MARKET FACTOR INDICATOR ANALYSIS
- RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
3.6. LIST OF ASSUMPTIONS
- MARKET INSIGHTS
- MARKET DYNAMICS
5.1. INTRODUCTION
5.2. DRIVERS
5.2.1. INCREASING ADOPTION OF DRONES FOR LOGISTICS AND OTHER COMMERCIAL APPLICATIONS
5.2.2. RISING PARTICIPATION OF PRIVATE COMPANIES
5.2.3. REQUIREMENT OF UTM SOLUTIONS TO INTEGRATE AUTONOMOUS AERIAL VEHICLES INTO COMMERCIAL AIRSPACE
5.2.4. RISING TRAFFIC CONGESTION
5.2.5. DRIVERS IMPACT ANALYSIS
5.3. RESTRAINTS
5.3.1. ISSUES RELATED TO VULNERABILITY OF UTM SOFTWARE MODULES
5.3.2. COSTLY AND TIME-CONSUMING CERTIFICATION PROCESS
5.3.3. STRINGENT GOVERNMENT REGULATIONS
5.3.4. RESTRAINTS IMPACT ANALYSIS
5.4. OPPORTUNITIES
5.5. MARKET/TECHNOLOGICAL TRENDS
5.6. PATENT TRENDS
5.7. REGULATORY LANDSCAPE/STANDARDS
Unmanned Traffic Management (UTM) Market Research Report: Information By Solution (Communication Infrastructure, Navigation Infrastructure Surveillance Infrastructure and Others), End-Use (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring and Others), Component (Hardware, Software and Services), Type (Persistent and Non-Persistent) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2030 @ https://www.marketresearchfuture.com/reports/unmanned-traffic-management-market-10159
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