Global Unmanned Traffic Management Market Overview
The key driver impacting the unmanned traffic management market is the rising need for drones in logistics & transportation and other commercial applications. For instance, ambulance drones are majorly utilized for transporting first aid and other basic medical equipment to help people at the sight of an accident or other critical conditions. In many countries, drones are utilized by people to provide groceries, medicines, food, and other supplies to the most infected areas. Moreover, the growing need for UTM solutions to incorporate autonomous aerial vehicles into commercial airspace contributes to unmanned traffic management market demand in the coming years.
According to Value Market Research, the global unmanned traffic management market size was valued at about USD 8.78 million in 2022 and is estimated to grow at a CAGR of around 23.6% during the forecast period 2023 to 2030.
The increasing partnerships on investment between government agencies and private players in creating advanced drones to increase its application scope will likely augment the need for unmanned traffic management in the forecast period. Also, the massive utilization of drones in surveillance and navigation in the military sector adds growth to the market. For instance, around 492,500 units of drones were registered in the United States in March 2021, as per the Federal Aviation Administration (FAA). As per the FAA estimations, about 376,000 commercial drones were registered at the same time. However, the time-consuming and costly certification process for BVLOS operation is expected to obstruct the market in the long run. In addition, the vulnerability of UTM software modules is impeding the market growth. Nevertheless, current industry trends such as an increase in Internet of Things (IoT) applications and augmented reality systems by companies might provide massive market opportunities to the market's key players.
The Unmanned traffic management market is large, with many international and regional players. The market leaders follow several strategies like acquisitions, extending product portfolio, contracts, product innovations, amalgamation to strengthen their market share globally. The key players in the report are Frequentis (Austria), Leonardo S.p.A. (Italy), Thales Group (France), L3Harris Technologies Inc (U.S.), Lockheed Martin Corporation (U.S.), Airbus SE (France), Raytheon Technologies Corporation (U.S.), Nova Systems (Australia), Unifly (Belgium), PrecisionHawk (U.S.), Altitude Angel Limited (U.K.).
In this research report, the unmanned traffic management market is segmented by component, solution, type, end-user, and region.
Analysis by Component:
By component, the report is segmented into software, hardware, software, and services. The service segment is dominating, with the highest market share in the forecast period. It is due to the significant focus of unmanned traffic management will be on service providers supplying flight and security and information to UTM and drone operators contribute to the growth of services segment in the forecast period.
Analysis by Solution:
By solution, the report is segmented into ant communication infrastructure, navigation infrastructure, and surveillance infrastructure. The communication infrastructure segment is dominating, with the highest market share in the forecast period. It is due to the increasing adoption of Beyond Line of Sight Operations (BVLOS), which requires accurate communication between UTM and drone operators, that contributes to the growth of communication infrastructure in the forecast period.
Analysis by Type:
By Type, the report is divided into persistent and non-persistent. The constant unmanned traffic management segment dominates the type segment with the highest market share in 2020. It is due to the rise in logistics and transportation activities in developed countries such as the US, the UK, and Switzerland.
Analysis by End-use:
By End-use, the report is divided into agriculture & forestry, logistics & transportation, and surveillance & monitoring. The logistics & transportation segment dominates the enduse segment with the highest market share in 2020. It is due to the growth in the application of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies that contribute to the high market demand for disease screening.
Analysis by Region:
In the regional outlook of the global unmanned traffic management market, the North America region dominates with the largest market share in 2020. It is due to the growth in drone activities, rise in investments by various government agencies on drone BVLOS operations. Moreover, the regional presence of main global giants, such as Lockheed Martin Corporation, AirMap, and Harris Corporation, will create tremendous market growth across North America.
Market Segmentation covered in the Report:
By Component
- Hardware
- Software
- Services
By Solution
- Communication Infrastructure
- Navigation Infrastructure
- Surveillance Infrastructure
- Others
By End-Use
- Agriculture & Forestry
- Logistics & Transportation
- Surveillance & Monitoring
- Others
By Type
- Persistent
- Non-Persistent
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.