UAS Traffic Management (UTM) System Market Size, Share, Growth Analysis by 2030 | By End User & Component

According to a new report published by Allied Market Research, titled, " UAS Traffic Management (UTM) System Market by End User, Solution And Component : Global Opportunity Analysis and Industry Forecast, 2021-2030" The UAS Traffic Management (UTM) system is an upcoming phenomenon that is envisioned for managing drones (mainly small drones) traffic in the lower level of airspace. The UAS traffic management system or UTM system is envisaged to be a system of several subsystems which will work together to provide an end-to-end service. The UTM system will be connected to different data providers to accumulate real-time information of weather, airspace traffic, drone registration and credentials of drone operators, among others.

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The vendors are primarily offering small UAVs for agricultural, aerial photography, and data collection applications. Full-sized UAVs such as the Chinese CH-4 are also being deployed for geological surveying, ocean monitoring, meteorological observation, and forest fire prevention missions. Home deliveries via drones have become a reality due to the efforts of logistics and retail companies such as Amazon and UPS toward rolling out the technology. As commercial drones can travel at up to 100 mph and deliver goods under 5 lbs (2.3 kg), the delivery mechanism is expected to decrease the delivery time and associated costs.

Key Market Players

Airbus,
AirMap,
Altitude Angel,
Dedrone,
DJI Innovations,
Kitty Hawk,
Leonardo Company,
OneSky,
Precision Hawk,
Skyward

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Impact Of COVID-19

The COVID-19 crisis is creating uncertainty in the market by slowing down the supply chains, hampering business growth, and increasing panic among the customer segments. Governments of different regions have already announced total lockdown and temporarily shutdown of industries, which adversely affected the overall production and sales. The second wave of COVID-19 is hitting hard more than the earlier strain of COVID-19 in February 2021, and is expected to impact the overall economic outlook negatively.

Key Benefits for Stakeholders:

This study presents the analytical depiction of the UAS traffic management (UTM) system market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the UAS traffic management (UTM) system market.

The current market is quantitatively analyzed to highlight the UAS traffic management (UTM) system market growth scenario.

The report provides a detailed UAS traffic management (UTM) system market analysis based on competitive intensity and how the competition will take shape in coming years.

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