Stratview Research has launched a new report on the “Unmanned Traffic Management Market” and forecast to 2028. This report provides deep insights into the revenue, market trends, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Unmanned Traffic Management Market during the forecast period, i.e., 2022–2028.

Market Insights

The unmanned traffic management market was estimated at USD 572.6 million in 2021 and is likely to grow at a CAGR of 20.46% during 2022-2028 to reach USD 2134.76 million in 2028.

What is unmanned traffic management?

Unmanned traffic management is a system designed to manage and regulate the traffic of Unmanned Aerial Vehicles (UAVs), also known as drones, in the air. UTM systems are used to ensure the safe and efficient operation of drones in shared airspace, including Beyond Visual Line of Sight (BVLOS) operations.

UTM systems rely on a combination of technologies, including communication systems, surveillance systems, command and control centers, and data analytics tools, to manage drone traffic and ensure the safety of people and property on the ground. These systems enable drone operators, air traffic controllers, and other stakeholders to monitor and manage drone operations, including flight planning, real-time tracking, and situational awareness. The development of UTM systems is a key priority for the drone industry and regulatory agencies worldwide. The technology continues to evolve, and UTM systems are expected to play a critical role in managing airspace and ensuring the safe integration of drones into the existing aviation infrastructure.

Market Dynamics

As the usage of drones develops across industries such as agriculture, construction, transportation, and logistics, UTM systems are becoming crucial. Advanced UTM systems are required in these industries to provide safe and efficient drone operations, particularly BVLOS operations.

Drones are being used in a wide range of industries, which has led to an increase in drone operations, which in turn has created a demand for UTM systems that can manage the growing volume of drone traffic.

UTM systems are essential for ensuring the safe integration of drones into the airspace and preventing collisions with other aircraft or obstacles on the ground. They also enable efficient and effective drone operations, particularly BVLOS operations, which require advanced UTM systems to ensure safety and compliance with regulations.

The demand for BVLOS operations is also driving the growth of the UTM market, as these operations require more advanced UTM systems to ensure safe and efficient operations. Additionally, the development of new UTM technologies, such as artificial intelligence and machine learning, is expected to further drive the growth of the UTM market in the coming years.

Major key players covered in this report:

This section of the Unmanned Traffic Management Market report explains the expansion plans, M&A, investment analysis, funding, revenues in manufacturers, etc. of the leading players. Here is a list of major key players of the industry.

  • Airmap, Inc.
  • Altitude Angel Limited
  • Analytical Graphics
  • SZ DJI Technology Co., Ltd.
  • Frequentis
  • Harris Corporation
  • Lockheed Martin Corporation
  • Nova Systems
  • Nokia Corporation
  • Precisionhawk

Unmanned Traffic Management Market Segment Analysis

Based on the end-use type, the market is segmented as agriculture & forestry, logistics & transportation, surveillance & monitoring, and others. The logistics & transportation segment dominated the market in 2021 and is likely to continue its leading position during the forecast period. The growth of this segment is owing to the growth in the application of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies.

Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. The communication infrastructure segment is expected to remain dominant during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.

Based on the type, the market is segmented as non-persistent UTM and persistent UTM. The persistent UTM segment is estimated to register higher growth in the coming five years. This growth can be attributed to the increase in logistics and transportation activities in developed economies, such as the US, the UK, and Switzerland.

Based on the component type, the market is segmented as hardware equipment, software, and services.  The services segment commanded the market in 2021 and is likely to remain dominant during the forecast period as well. The prime focus of unmanned traffic management will be on service providers delivering flight and security information to UTM as well as drone operators.

In terms of regions, North America dominated the market in 2021 and is estimated to maintain its dominance in the coming five years, driven by the growth in drone activities, the rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

The research on the Unmanned Traffic Management Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients comprehend their opponent's methodologies. Comprehensive assessment of critical aspects such as factors affecting the market, and competitive geography are showcased with the help of reliable resources, such as charts, tables, and infographics.

Customization of the Report:

With this detailed report, Stratview Research also offers customization options to its clients to meet their requirements. Please connect with our sales team at sales@stratviewresearch.com. You can also get in touch with us on (+1-313-307-4176) to share your research requirements.

What we do:

Stratview Research is one of the leading global Market Research agencies helping clients tract the ever-evolving market scenarios through our customised and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry.