Report Overview:
The following report titled “Global Unmanned Traffic Management (UTM) Market: By Component (Hardware, Software, Service(Security Services, Flight Services, Information Services)), By Solutions (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure) and other forecast 2021-2026” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Unmanned Traffic Management (UTM) Market Summary
The Global Unmanned Traffic Management (UTM) Market is projected to grow at a CAGR of around 23.47% during the forecast period, i.e., 2021-26. Due to the growing use of drones in logistics, transportation, and other commercial applications, the market is expecting unprecedented growth in the coming years. Furthermore, UTM services are expected to expand in Europe and North America, owing to the favorable standards & regulations that would enable automated, regular, & commercial BVLOS operations. As a result, UTM services will become more sophisticated, and their greater demand is likely in the coming years. Furthermore, numerous data exchange requirements, operations, and a supporting framework are being addressed collectively to enable multiple UAS to operate beyond VLOS at altitudes below 400 feet above ground level.t.
Report Coverage & Details
- Forecast Period: 2021-2026
- Base Year: 2020
- CAGR: 23.47%
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Unmanned Traffic Management (UTM) Market Driver:
The momentum of Unmanned Aerial Vehicles (UAVs) is expected to continue to grow over the forecast period, with more than 22 nations partnering with UTM service providers to build a national UTM system, which, in turn, would drive the Global Unmanned Traffic Management (UTM) Market during 2021-26. In addition to the growing introduction of UTM elements, this will spur the growth of the overall market. UTMs are used as an integrated service by drone operators across several countries, such as Canada, the United States, and Australia, rather than being seen as a standalone feature operated by someone else.
Segmentation Analysis: Unmanned Traffic Management (UTM) Market
By Component
- Hardware
- Software
- Service
- Security Services
- Flight Services
- Information Services
By Solution
- Communication Infrastructure
- Navigation Infrastructure
- Surveillance Infrastructure
By Type
- Persistent UTM
- Non-Persistent UTM
By End-User
- Agriculture & Forestry
- Logistics & Transportation
- Surveillance & Monitoring
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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Region: North America Holds a Major Market Share
Of all regions globally, North America is estimated to dominate the Unmanned Traffic Management Market during 2021-26.
Leading Players Analysis: Unmanned Traffic Management (UTM) Market
The report provides detailed analysis of key players in the global Unmanned Traffic Management (UTM) market, highlighting their strategies and competitive scenario.
- Frequentis
- Leonardo S.p.A.
- AirMap
- Altitude Angel
- Thales Group
- Harris Corporation
- Skyward IO
- Lockheed Martin
- Nova Systems
- Unifly
- PrecisionHawk
- TAIWAN FLUORO TECHNOLOGY CO., LTD
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