Press release
Drone Traffic Management Market Report on the Untapped Growth Opportunities in the Industry
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Drone Traffic Management Market- (By Type (Persistence, Non-Persistence), By Component (Persistence, Non-Persistence), By Solution (Communication Infrastructure, Surveillance Infrastructure, Navigation Infrastructure), By End-User (Communication Infrastructure, Surveillance Infrastructure, Navigation Infrastructure)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."According to the latest research by InsightAce Analytic, the Global Drone Traffic Management Market is valued at US$ 110.12 Mn in 2022, and it is expected to reach US$ 1317.72 Mn by 2031, with a CAGR of 32.1% during a forecast period of 2023-2031.
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Drone traffic management (DTM) refers to a structured system of coordinated services operating under established protocols to ensure the safe and efficient navigation of unmanned aerial vehicles (UAVs). Unlike traditional air traffic control, DTM operates without centralized command, utilizing a decentralized authority model that aligns with international standards. This flexible framework allows for scalable and adaptive solutions that can meet the evolving requirements of an expanding drone economy.
The growing use of drones across diverse applications-such as aerial imaging, surveillance, logistics, precision agriculture, and land surveying-has significantly increased the demand for robust traffic management systems. As drone activity intensifies, the need for real-time coordination and airspace safety has become paramount. The integration of advanced technologies, including artificial intelligence (AI), machine learning, and sensor-based systems, has played a critical role in the development of modern DTM solutions.
List of Prominent Players in the Drone Traffic Management Market:
• Airmap. Inc
• Delair-Tech
• Altitude Angel Limited
• Analytical Graphics Inc
• SZ DJI Technology Co. Ltd
• Frequentis AG
• Harris Corporation
• Lockheed Martin Corporation
• Leonardo S.P.A
• Nova Systems
• Thales Group
• Nokia Corporation
• PrecisionHawk Inc
• Sensefly Innovations Private Limited
• AiRXOS.
• DroneUp LLC
Market Dynamics:
Drivers-
Heightened global security threats and growing concerns around terrorism have led to increased investments in drone technology, particularly for industrial surveillance applications. This surge in drone utilization has significantly boosted the demand for drone traffic management (DTM) systems, which are essential to ensure the safe and efficient operation of unmanned aerial vehicles (UAVs). Drones offer unique operational advantages, including stealth capabilities, nighttime functionality, flexible deployment, and versatility in various environments. These features have driven their adoption in law enforcement and commercial surveillance sectors.
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Challenges:
Despite technological advancements, regulatory constraints remain a key obstacle to the widespread integration of drone operations in most countries. In the United States, for example, the Federal Aviation Administration (FAA) regulates both commercial and recreational drone usage. Any new drone traffic system or operational procedure that could impact existing air traffic management (ATM) infrastructure must adhere to stringent international standards, including comprehensive risk assessments and mitigation strategies.
Regional Trends:
Europe is anticipated to capture a significant share of the global drone traffic management market and is expected to experience robust growth over the forecast period. The adoption of drones across various sectors-such as aerial imaging, logistics, agriculture, infrastructure monitoring, and public safety-continues to rise rapidly across the region. This increased usage has driven the urgent need for advanced DTM systems to ensure safe aerial operations. Europe has made notable progress in deploying cutting-edge technologies like artificial intelligence, real-time data analytics, and next-generation communication systems, all of which are instrumental in enabling secure and efficient drone traffic management.
Recent Developments:
• In June 2022, an MoU was inked by Frequentis Singapore Pte Ltd and CAELUM Co., Ltd, a developer in the South Korean aerospace and defence industry, to cooperate on Urban Air Mobility (UAM) and Unmanned Traffic Management (UTM) systems in that country.
• In Dec 2021, DroneUp announced the purchase of AirMap. Global airspace management was combined with Droneup's network, fleet, and infrastructure through the AirMap acquisition. A complete and open airspace traffic management ecosystem was promoted by DroneUp's acquisition of Airmap.
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Segmentation of Drone Traffic Management Market-
By Type-
• Persistence
• Non-Persistence
By Component-
• Persistence
• Non-Persistence
By Solution-
• Communication Infrastructure
• Surveillance Infrastructure
• Navigation Infrastructure
• Others
By End-User-
• Communication Infrastructure
• Surveillance Infrastructure
• Navigation Infrastructure
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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InsightAce Analytic Pvt. Ltd.
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