The unmanned traffic management market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Unmanned system traffic management is an air traffic management ecosystem under progress for autonomously controlled operations of unmanned aerial systems by the FAA, NASA, other federal partner agencies, and industry. They are collaboratively exploring the concepts of data exchange requirements, operations and a supporting framework to enable multiple UAS operations beyond visual line-of-sight at altitudes under 400 ft above ground level in airspace.
There are number of factors that are driving the need for UTM market. This includes 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. Although, strict regulations for drone operations by aviation authorities and costly and time-consuming certification process for bvlos operation are acting as major restraints in the growth of UTM market. As the UTM system is replacing the existing air traffic management (ATM) for both manned and unmanned aviation, lucrative business growth opportunities are expected to emerge in the forecast period.
The unmanned traffic management market is segmented into component, 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 are 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.
The UTM market by geography 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.
Major companies operating in the UTM market are Leonardo ,Frequentis, Altitude Angel ,Harris ,Skyward IO ,Lockheed Martin ,Airmap ,Nova Systems ,Thales Group ,Unifly ,Rockwell Collins , Precisionhawk and DJI, among others
The key takeaways from the report
Scope of UTM Report