Unmanned Traffic Management Market Size to rise at 16% CAGR through 2028 | Lockheed Martin Corp., Microdrones GmbH, Analytical Graphics, Inc., Frequentis AG, Harris Corp

Global Unmanned Traffic Management Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Unmanned Traffic Management Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Unmanned Traffic Management market and provides information regarding the revenue for the period 2022 to 2028.

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The global Unmanned Traffic Management (UTM) market Size is expected to witness a robust growth rate of more than 16% during the projected period. UTM is a solution designed to view, assess and manage air traffic. The system aids in preventing possible crashes and other hazards which occur due to moving drones and other aerial vehicles. Some of the major applications for the UTM include communication, navigation, and surveillance among others. Besides, it is also used to augment the visual line of sight (VLOS) & beyond the line of sight operation (BVLOS) to provide error-free communication between operator and UTM.

The growing need for drones in logistics & transportation and the growing need for UTM solutions to integrate autonomous aerial vehicles into commercial airspace are some of the factors driving the global UTM market. Moreover, the increasing urban air mobility industry all across the globe is also a major factor contributing to the market growth.

Competitive Landscape

There are various companies providing UTM systems including Airmap, Inc., Altitude Angel, Ltd., Analytical Graphics, Inc., SZ DJI Technology Co., Ltd., Frequentis AG, Harris Corp., Leonardo S.p.A., Lockheed Martin Corp., and Microdrones GmbH, among others.

These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, product launches, Partnerships, and collaborations are some of the strategies followed by industry players.

Market Segmentation

The global unmanned traffic management market is segmented based on the type, solution type, application, component type, and region. Based on type, the market is bifurcated into persistent unmanned Traffic management and non-persistent unmanned traffic management. Among these, the persistent unmanned traffic management segment is projected to grow at significant rate owing to the rise in the logistics and transportation activities in developed countries such as the US, and the UK. Based on solution type, the market is segmented into communication infrastructure, navigation infrastructure, and surveillance infrastructure. Among these, the communication infrastructure segment is estimated to contribute a prominent share in the unmanned traffic management market during the forecast period.

Based on the application, the market is segmented into agriculture and forestry, logistics and transportation, and surveillance and monitoring. Among these, the logistics & transportation segment is estimated to lead the unmanned traffic management market. Based on component type, the market is divided into hardware, software, and services. The service segment is estimated to hold a prominent share in the market. Based on region, the market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa. North America is expected to have a significant share in the global UTM market owing to the opportunities in the field of beyond visual line-of-sight drone operations at low altitudes.

Some of the key developments in the Global Unmanned Traffic Management Market include.

In Mar 2021, Altitude Angel unveiled GuardianUTM Enterprise, a next-generation airspace management solution. The product offers a oone-stop' solution to empower the airport to start designing and providing UTM Services for drone companies and drone operators, using Altitude Angel's proven digital authorization and flight management technology.

In December 2020, H3 Dynamics and Thales combinedly trialed a real-time autonomous drone flight monitoring system in Singapore under an urban environment. It has combined H3 Dynamics' DBX autonomous drone charging box and a drone under the management and monitoring of the Thales UAS Airspace Management solution

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