The recent report published by Stratview Research on the Unmanned Traffic Management Market Report for the forecast period of 2022-2028 is a source of insightful data for business strategists. The report provides the industry an overview with growth analysis and historical, present, and future prices, revenue, demand, and supply data, etc. This market study provides in-depth data that enhances the understanding, scope, and application of this report.

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 referred to as a traffic management system that controls operations that are separate from the air traffic management of the federal aviation administration. The system has it's used in areas of agriculture, surveillance, logistics, and others.

Unmanned traffic management is known to offer solutions for communication, navigation, and surveillance mainly along with many other activities depending upon the requirements. The system is available in persistent and non-persistent types and the hardware, software, and other components of the system are aimed at offering a smoother experience for the end users.

COVID-19 Impact

The global pandemic covid-19 shook the whole world, and the tremors were felt across every industry. Lockdowns and restrictions in the movement of vehicles and humans alike largely impacted the aviation industry. The huge loss in revenue was accompanied by lesser investment in traffic management by the airlines ultimately declining the growth of the unmanned traffic management market.

The market is segmented by the following –

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 experts at Stratview Research have precisely studied and assessed data on the Unmanned Traffic Management Market. several analytical tools have been used to evaluate the growth of the key players operating in the market.

Key Features: This report evaluates key market features, including revenue, supply/demand, gross value, production, consumption, market share, CAGR, and gross margin. In addition, the report offers a thorough study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Reasons to invest in this report –

This report answers several FAQs related to the market. Also provides customization according to the users’ requirements. Here are some queries, the answers to which can be found in this report –

  • What are the key trends in the Unmanned Traffic Management Market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the Unmanned Traffic Management Market?
  • What are the key strategies adopted by the major vendors to lead in the Unmanned Traffic Management Market?
  • What is the market share of the top vendors?

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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