Global Unmanned Traffic Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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The Unmanned Traffic Management Market Report has been segmented on the basis of component, solution, end-use, and region.
Unmanned Traffic Management Market: Overview
“The Unmanned Traffic Management Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Unmanned traffic management is used for managing traffic of unmanned aerial vehicles by various government agencies. It is a type of air traffic management system that prevents drones from colliding in the air.
Unmanned Traffic Management Market: Dynamics
The increasing of unmanned aerial vehicles for commercial applications is a major factor driving the growth of the global unmanned traffic management market.
In addition, increasing demand for unmanned aerial traffic management systems for integration of commercial airspace is another factor supporting the growth of the global market.
Furthermore, the growing adoption of the internet of things applications and augmented reality systems in UTM is a factor expected to support the growth of the global unmanned traffic management market over the forecast period.
However, stringent regulations on unmanned traffic management on drone operations by government authorities are a factor that may hamper the growth of the global unmanned traffic management market.
Nevertheless, increasing the adoption of drones in various sectors, especially in emerging economies can create high revenue opportunities for players in the target market.
Unmanned Traffic Management Market: Segment Analysis
Among the component segments, the software segment is expected to register high growth in terms of revenue over the forecast period.
The increasing importance of software for applications such as search and rescue operations, package delivery, and infrastructure monitoring, is a factor supporting the growth of this segment in the global market.
Among the solution segments, the surveillance infrastructure segment is expected to register lucrative growth in terms of revenue over the forecast period.
For surveillance infrastructure, various technologies such as near field communication, mobile telecom networks, Wide Area Multilateration, and radar are being used is a factor anticipated to support the growth of this segment in the target market in the near future.
Among the end-use segments, the surveillance & monitoring segment is expected to register the fastest growth in terms of revenue in the near future.
The Increasing use of small unmanned aerial vehicles for surveillance and monitoring applications in developed as well as developing countries is a factor fueling the growth of this segment in the global market.
Unmanned Traffic Management Market: Regional Analysis
The market in North America is expected to accounts for a major share in terms of over the forecast period.
Increasing investment in the development of unmanned traffic management systems is a key factor driving the growth of the target market in this region.
In addition, the presence of prominent players, coupled with the increasing adoption of drones for various applications are factors propelling the growth of the target market, especially in the US and Canada in this region.
The market in Europe is expected to account for the second-highest share in terms of revenue in the near future, owing to the high adoption of advanced technology among end-users.
The market in the Asia Pacific is anticipated to register lucrative growth in terms of revenue in the near future, followed by the Middle East & Africa, and Latin America.
Unmanned Traffic Management Market Segmentation:
Segmentation by component:
- Information Services
- Flight Services
- Security Services
Segmentation by solution:
- Navigation Infrastructure
- Communication Infrastructure
- Surveillance Infrastructure
Segmentation by end use:
- Surveillance & Monitoring
- Agriculture & Forestry
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AirMap, Inc.
- Leonardo-Finmeccanica SpA
- Frequentis AG
- Altitude Angel Limited
- Harris Corporation
- Thales Group
- Skyward IO, Inc.
- Nova Systems LLC
- Lockheed Martin Corporation
- Unifly nv
- PrecisionHawk Inc.
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