Unmanned Traffic Management Services Market is projected to reach USD 2,942.6 Million by 2032 Booming Worldwide With Leading Key Players -Leonardo, Frequentis, Altitude Angel, Harris, Skyward IO, Lockheed Martin, Airmap, Nova Systems, Thales Group, Unifly

The unmanned traffic management market is estimated to be USD 631.8 Million in 2021 and is projected to reach USD 2,942.6 Million by 2032, at a CAGR of 23.54% from 2021 to 2032. Unmanned Traffic Management (UTM) is defined as an automated workflow infrastructure process encompassing flight, from flight planning, through in-flight monitoring, separation assurance and collision resolution. UTM is growing in popularity and importance as the only feasible technology solution to ensure safety of drones and aircraft.

Growth in the global market is set to be driven by growing UAV traffic in commercial airspace. Unmanned Aerial Systems (UAS) have been growing rapidly in popularity in recent years with UAVs forecast to be the most dynamic growth sector of the global aerospace industry. Over the last decade, UAVs have expanded beyond military applications to a wide range of commercial applications ranging from package delivery, agriculture/farming to emergency services.

Leading players of Unmanned Traffic Management Services including:

Leonardo, Frequentis, Altitude Angel, Harris, Skyward IO, Lockheed Martin, Airmap, Nova Systems, Thales Group, Unifly, Rockwell Collins, Precisionhawk, DJI, Sensefly, Viasat, Analytical Graphics, Nokia

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The U.S. Market is Estimated at $523.3 Million in 2022, While China is Forecast to Reach $79.1 Million by 2026

The Unmanned Traffic Management (UTM) market in the U.S. is estimated at US$523.3 Million in the year 2022. The country currently accounts for a 66.1% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$79.1 Million in the year 2026 trailing a CAGR of 23.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 16.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR while Rest of European market (as defined in the study) will reach US$98.3 Million by the end of the analysis period. Several UTM projects are underway the world over i.e. the EU`s SESAR initiative expected to roll out by 2020; the unmanned Aircraft Systems Service Suppliers initiative launched by NASA in the United States; Airbus UTM, the only FAA approved LAANC (Low Altitude Authorization and Navigation Capability) service provider in the United States. UTM is now poised to play a critical role in the emerging urban air mobility ecosystem.

Hardware Segment to Reach $262.2 Million by 2026

Improvements in hardware is further simplifying the use of drones enabling greater autonomy in functions such as data collection, collision avoidance, pre-programmed flight routing, active tracking, and Bluetooth capability among others. In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 16.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$99.9 Million will reach a projected size of US$290 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.2 Million by the year 2026.

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Unmanned Traffic Management Services Segmentation by Type:

Security Services, Flight Services, Information Services.

Unmanned Traffic Management Services Segmentation by Application:

Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring

Unmanned Traffic Management Services report answers some key questions:

What is the expected growth of global Unmanned Traffic Management Services after covid-19 vaccine or treatment is found?
• What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric, and collaborative in the global Unmanned Traffic Management Services?
• Which specific sectors are expected to drive growth in the global Unmanned Traffic Management Services?
• What are key government policies and interventions implemented by leading global Unmanned Traffic Management Services countries to help further adoption or growth of Unmanned Traffic Management Services .
• How have the market players or the leading global Unmanned Traffic Management Services firms have addressed the challenges faced during the pandemic?
• What growth opportunities the global Unmanned Traffic Management Services offers?
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Highlights of the Report:

The report provides Unmanned Traffic Management Services industry demand trends in Q1 and Q2 2021.
• Individual circumstances of the Unmanned Traffic Management Services segments are discussed in the report.
• The report contains forward-looking information on risks and uncertainties.
• The report studies the consumer-focused sectors of the Unmanned Traffic Management Services.
• The trade scenarios of the products and services in particular segments are detailed in the report along with regulation, taxes, and tariffs.
• The trends that are impacting the Unmanned Traffic Management Services for past few years are discussed in the report.
• The report studies the potential impact of the Covid-19 pandemic on the Unmanned Traffic Management Services industry economy and performance of the market players in the same context.
Table of Content:

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global Unmanned Traffic Management Services by Players
4 Unmanned Traffic Management Services by Regions
4.1 Unmanned Traffic Management Services Size by Regions
4.2 Americas Unmanned Traffic Management Services Size Growth
4.3 APAC Unmanned Traffic Management Services Size Growth
4.4 Europe Unmanned Traffic Management Services Size Growth
4.5 Middle East & Africa Unmanned Traffic Management Services Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Unmanned Traffic Management Services Forecast
11 Key Players Analysis
12 Research Findings and Conclusion

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