Unmanned Traffic Management Market Analysis May Set New Growth Story, Forecast to 2027

The global unmanned traffic management market is growing at a significant CAGR during the forecast period. Some of the major factors that are driving the global unmanned traffic management industry include a rise in the usage of drones in logistics & transport and other commercial uses. The primary reason for drone being used in logistics and transport is due to Demand for faster delivery of goods and boost in demand for sophisticated industry-specific analytic solutions. Unmanned Traffic Management (UTM) is a solution that is intended to view, assess and manage the air traffic. The system helps in preventing possible crashes and other hazards which occur due to the moving drones and other aerial vehicles. It is currently being used for applications such as communication, navigation, and surveillance among others.

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UTM is a powerful tool that is being used for military and non-military applications. It is a cost-effective way for a myriad of other applications such as precision agriculture, surveying, aerial photography, mapping and so on. Considering the rapidly growing use of unmanned drones, it is obvious that there is an urgent need for management service for controlling and managing these drones. NASA developed the management framework for the drones in 2013 to safely incorporate drones in the airspace. Since 2016, NASA has been leading most of UAS Traffic Management work in the US and implementing projects and has been involved to test its UTM platform with various industry partners within the TCL Program. The UTM system is a technology that is designed to handle drone traffic skillfully at the lower airspace level.

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The key market players dominating the global UTM market include 3D Robotics, Inc. AirMap, Inc., Altitude Angel, Ltd., ANRA Technologies, Analytical Graphics, Inc., Collins Aerospace, Frequentis AG, Harris Corp., Leonardo S.p.A., Lockheed Martin Corp. and Microdrones GmbH. The companies are focused on developing advanced UTM technology to stay competitive in the market. For instance, Walmart is now testing drones, fitted with an optical scanner, in its enormous US warehouses where the smallest warehouse of them all is at least the size of 17 football fields. The Walmart UAVs are fully automatic and does not require any human assistance, it can search an inventory size in an hour, which usually requires 50 humans, that’s huge cost-effectiveness and time saver for the company across its range of warehouses in the US.

Global Unmanned Traffic Management Market- Segmentation

By Solution
• Communication Infrastructure
• Navigation Infrastructure
• Surveillance Infrastructure
By End-User
• Agriculture & Forestry
• Logistic & Transportation
• Surveillance & Monitoring

Global Unmanned Traffic Management Market- Regions

North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

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