Global Unmanned Traffic Management (UTM) Market is Estimated to Reach $1,960 Billion by 2025, Says Accurize Market Research
Global Unmanned Traffic Management (UTM)Market report published by Accurize Market Research forecast that the global market is expected to reach $1,960 billion by 2025; growing at a CAGR of 20.3% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increased adoption of drones and emerging regulations for the unmanned traffic management system fuels the market
Increased adoption of drones, emerging regulations for the unmanned traffic management system, and development of the key stakeholders that are working together for developing a common UTM system fuels the demand for the global unmanned traffic management (UTM) market. Furthermore, a lucrative business growth opportunity across the globe also boosts the growth of the market.
The global unmanned traffic management (UTM)market has been bifurcated on the basis ofcomponent, solution, end use, type and geography. On the basis of component, the UTM market is segmented into hardware, software and services. Based on the solution, the UTM market is divided into communication infrastructure, navigation infrastructure and surveillance infrastructure. Depending on the type, the unmanned traffic management is of two categories that are persistent and non-persistent. Based on the end user, the UTM market is divided into agriculture & forestry, surveillance and monitoring and logistics and transportation.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key market players include Leonardo ,Frequentis, Altitude Angel ,Harris ,Skyward IO ,Lockheed Martin ,Airmap ,Nova Systems ,Thales Group ,Unifly ,Rockwell Collins , Precisionhawk and DJI, among others.
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