Unmanned Traffic Management (UTM) Market: By Solution (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure and Others), By End-Use (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring and Others), By Component (Hardware, Software, Services) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast 2027

ID: VPR/A&D/1276 Publishing Year: December 2021 Pages: 185 Format:   


Unmanned Traffic Management (UTM) Market Overview:

The Global Unmanned Traffic Management (UTM) Market was valued at $ 770.2 million in 2020 and is expected to reach $ 2.80 billion by 2027, registering a CAGR of 20.26% from 2021 to 2027.

As the use of unmanned systems grows, so does the need for scalable air-traffic management systems, which are digital systems that help monitor and control rising traffic. This system is known as Unmanned Traffic Management (UTM), which is a networked collection of services that interact with one another using standardized rules. UTM does not depend on centralized control, and its global frameworks function on the dispersed authority concept, allowing the system to incorporate more service providers who can adapt to changing requirements and the developing market. The growing usage of unmanned systems is due to technological advancements and the size, risk, and cost advantages that remotely controlled systems provide. Business drones are expected to see a huge rise in sales and registration as new commercial uses emerge at a fast pace. Drones provide significant cost savings, increased operational efficiency, and the capacity to gather, retrieve, and analyze data with unrivaled precision and speed.

Due to a significant increase in air traffic during the assessment period, demand for UAVs and autonomous aerial vehicles is anticipated to steadily rise in context with different applications across numerous industries. Furthermore, Drones' Growing Adoption for Logistics and Other Commercial Applications: The growing usage of drones in industries like logistics and transportation, as well as other commercial applications, is driving up demand for UTM. However, the increasing danger of colliding with other aircraft, growing usage of drones for illicit purposes, and stringent government regulations are all limiting industry development.

Key Players

  • AirMap
  • AiRXOS
  • Nova Systems
  • Altitude Angel
  • Delair
  • DJI
  • Harris Corporation
  • Frequentis
  • Leonardo S.p.A
  • Lockheed Martin

Impact of COVID-19 on the Unmanned Traffic Management (UTM) Market

In only a few months, the COVID 19 epidemic has wreaked havoc on the world economy, resulting in billions of dollars in losses. More than 100 nations were subjected to complete or partial lockdowns, while the coronavirus epidemic affected almost 200 countries. This resulted in a worldwide interruption of cross-border import and export. However, the situation for unmanned traffic management is a little different; because of the applicability factor, the Unmanned Traffic Management (UTM) Market was not as severely impacted as other industries.

Segmentation

By Solution

  • Communication Infrastructure
  • Navigation Infrastructure
  • Surveillance Infrastructure
  • Others

By End-Use

  • Agriculture & Forestry
  • Logistics & Transportation
  • Surveillance & Monitoring
  • Others

By Component

  • Hardware
  • Software
  • Services

By Region

  • North America
  • Europe
  • Latin America
  • APAC
  • Middle East and Africa

Regional Analysis

Because of the widespread use of autonomous aerial vehicles and unmanned aerial vehicles (UAVs), unmanned traffic management in North America, particularly in the United States, has a lot of promise. Furthermore, the United States Defence Department is promoting unmanned aerial vehicles, or drones, which has boosted demand for unmanned traffic management systems.

Furthermore, owing to the deployment of unmanned aerial vehicles or drones across various industries and the increase in conventional aircraft, Europe seems to be the most profitable market after North America. As a result, aviation traffic is projected to increase exponentially during the assessment period, resulting in increased demand for UTM services.



Frequently Asked Questions
Unmanned Traffic Management (UTM) Market is predicted to grow at 20.26% through forecast period of 2020-2027
By 2027, worth USD 2.80 Billion is estimated for the global market.
Due to a significant increase in air traffic during the assessment period, demand for UAVs and autonomous aerial vehicles is anticipated to steadily rise in context with different applications across numerous industries.
AirMap, AiRXOS, Nova Systems, Altitude Angel, Delair, DJI, Harris Corporation, Frequentis, Leonardo S.p.A, Lockheed Martin

Type Here for table of content.


"
PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]
PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]