Press release
An Overview on the Rise of the Global Unmanned Traffic Management Market During 2021-26
Furthermore, the burgeoning demand for UAVs & AAVs for their wide applications across multiple sectors like agriculture & forestry, logistics & transportation, and surveillance & monitoring shall significantly surge the air traffic and benefit the overall market in the years to come.
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Key Questions Answered in the Study
1. What are the current and future trends in the Global Unmanned Traffic Management (UTM) Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Unmanned Traffic Management (UTM) Market?
5. What are the customer orientation, purchase behavior, and expectations from the Unmanned Traffic Management (UTM) service providers across the globe?
Covid-19 Minimally Affected the Global Unmanned Traffic Management (UTM) Market
The Covid-19 pandemic severely impacted the global economy, where the Global Unmanned Traffic Management (UTM) Market was minimally affected. The market observed the deployment of drones for purposes like the pick-up & delivery of lab samples and transportation of medical supplies. Besides, drones also helped disinfect contaminated areas through aerial sprays and monitor public places during quarantine. Moreover, the minimal decline in the market growth is primarily due to the slight reduction in defense spending on a short-term basis.
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Of all the regions, the US went through the minimum effects of the pandemic, while Asia-Pacific & South America faced severe effects like supply chain disruptions & operational constraints. Yet, with the gradual upliftment of restrictions, the Global Unmanned Traffic Management (UTM) Market is likely to regain its pace and recover from the loss in the years to come.
Communication Infrastructure to Dominate with the Global Unmanned Traffic Management (UTM) Market with the Largest Share
Based on the Solution, the Global Unmanned Traffic Management (UTM) Market segments into Communication Infrastructure, Navigation Infrastructure, and Surveillance Infrastructure. Of them all, the Communication Infrastructure shows more signs of dominating the market with the largest share in the forecast period, mainly due to the growing adoption of Beyond Visual Line of Sight (BVLOS) operations requiring an accurate communication medium between the UTM & drone operators.
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Moreover, the significant dependence of the UTM on the communication infrastructure for facilities like drone position broadcasting through WiFi, Bluetooth, and cellular communication shall further drive the segment to dominate the market with the largest share in the forecast period, reveals MarkNtel Advisors in their research report, "Global Unmanned Traffic Management (UTM) Market Analysis, 2021."
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Global Unmanned Traffic Management (UTM) Market are Requentis, Leonardo Finmeccanica, AirMap, Altitude Angel, Thales Group, Harris Corporation, Skyward IO, Lockheed Martin, Nova Systems, Unifly, PrecisionHawk, Taiwan Fluoro Technology Co., Ltd.
Market Segmentation:
1. By Component (Hardware, Software, Service, (Security Services, Flight Services, Information Services))
2. By Solution (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure)
3. By Type (Persistent UTM, Non-Persistent UTM)
4. By End-Users (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring)
5. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
6. By Countries (US, Canada, Mexico, Brazil, Argentina, UK, Germany, France, Spain, Italy, Netherlands, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Others)
7. By Competitors (Requentis, Leonardo Finmeccanica, AirMap, Altitude Angel, Thales Group, Harris Corporation, Skyward IO, Lockheed Martin, Nova Systems, Unifly, PrecisionHawk, Taiwan Fluoro Technology Co., Ltd.)
MarkNtel Advisors
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Tel: +1 604 800 2671
Website: https://www.marknteladvisors.com
About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
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