Press release
Unmanned Traffic Management Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Unmanned Traffic Management Market
The Business Research Company's Unmanned Traffic Management Global Market Report 2023 identifies increasing drone activities as the major driver for the unmanned traffic management market's growth in the forecast period. Drones are remotely piloted aircraft or autonomous systems that can fly without a human onboard. The increasing number of drone activities increases air traffic, which can be managed using unmanned traffic management systems.
The global unmanned traffic management market is expected to grow from $1.08 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The unmanned traffic management market is expected to reach $2.85 billion in 2027 at a CAGR of 21.3%.
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Major competitors in the unmanned traffic management market are Droniq GmbH, Raytheon Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., DJI Technology Co. Ltd., Thales Group, L3 Harris Technologies, Harris Corporation, Leonardo S.P.A., Collins Aerospace, Saab AB, Indra Sistemas S.A., Cubic Corporation, Frequentis AG, Skye Air Limited, DroneUP LLC, Nova Systems LLC, General Electric Company, Airbus SE, Intelligent Automation (IAI), Dedrone, Terra Drone Corporation, PrecisionHawk Inc., Altitude Angle Limited, Unifly NV, Aeronyde Corporation, AirMap Inc., and Airware.
A key trend in the unmanned traffic management market includes advancements in unmanned traffic management. Major companies operating in the market are developing advanced unmanned traffic management systems to sustain their position in the market. For instance, in May 2020, Droniq, a Germany-based aviation consulting company, launched its unmanned aircraft systems (UAS) traffic management system in Germany. The new system leverages LTE (long-term evolution) technology to transmit the drone's position to the traffic management system. It also has a feature to receive the position of surrounding air traffic and look for live system displays.
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The unmanned traffic management market is segmented -
• By Type: Persistent, Non-Persistent
• By Component: Hardware, Software, Services
• By Application: Aviation, Homeland Security, Agriculture, Logistics And Transportation, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the unmanned traffic management market.
The Business Research Company's "Global Unmanned Traffic Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Unmanned Traffic Management Market Include:
1. Executive Summary
2. Unmanned Traffic Management Market Characteristics
3. Unmanned Traffic Management Market Trends And Strategies
4. Unmanned Traffic Management Market - Macro Economic Scenario
5. Global Unmanned Traffic Management Market Size and Growth
……
32. Global Unmanned Traffic Management Market Competitive Benchmarking
33. Global Unmanned Traffic Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Unmanned Traffic Management Market
35. Unmanned Traffic Management Market Future Outlook and Potential Analysis
36. Appendix
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