Global Unmanned Traffic Management Market to Reach $3.3 Billion by 2030: Imposition of Stricter Regulations Provides Regulatory Driven Stability to Growth

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Aug 01, 2023, 12:45 ET

DUBLIN, Aug. 1, 2023 /PRNewswire/ -- The "Unmanned Traffic Management (UTM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Unmanned Traffic Management (UTM) estimated at US$791.2 Million in the year 2022, is projected to reach a revised size of US$3.3 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 19.2% CAGR and reach US$1.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 20.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $523.3 Million, While China is Forecast to Grow at 24.3% CAGR

The Unmanned Traffic Management (UTM) market in the U.S. is estimated at US$523.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$187.1 Million by the year 2030 trailing a CAGR of 24.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.5% CAGR.

Select Competitors (Total 42 Featured) -

AirMap
Altitude Angel
Delair
DJI
Frequentis
Harris Corporation
Leonardo S.p.A
Lockheed Martin
Nova Systems
OneSky
PrecisionHawk
Sensefly SA
Skyward IO
Thales Group
Unifly

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Pandemic Presents a Mixed Bag of Challenges and Opportunities for Drones Market
Global Drones Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
COVID-19 Pandemic Weighs on Global Adoption of UTM Systems
Influencer Market Insights
World Market Trajectories
Unmanned Traffic Management (UTM) - Global Key Competitors Percentage Market Share in 2022 (E)
Unmanned Traffic Management (UTM) Competitor Market Share Scenario Worldwide (in %): 2020E
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Services (Component) Global Competitor Market Share Positioning for 2020 & 2027
Software (Component) Market Share Breakdown of Key Players: 2020 & 2027
Hardware (Component) Competitor Revenue Share (in %): 2020 & 2027
Persistent (Type) Market Share Shift by Company: 2020 & 2027
Non-Persistent (Type) Global Competitor Market Share Positioning for 2020 & 2027
Communication Infrastructure (Solution) Market Share Breakdown of Key Players: 2020 & 2027
Navigation Infrastructure (Solution) Competitor Revenue Share (in %): 2020 & 2027
Surveillance Infrastructure (Solution) Market Share Shift by Company: 2020 & 2027
Growing UAV Traffic in Commercial Airspace: The Foundation for Growth in the Market
Reasons Behind the Proliferation of Drones
Global Investments in Drone Technologies 2010, 2012, 2014, 2016, 2018, 2020
A Review of Existing and Emerging Use Cases in the Commercial Space
World Drones Market by Application: 2021e
Why Unmanned Traffic Management is Important for Drones?
Near Mid-Air Collision Incidents: 2014-2019
Global Commercial Drone Unit Shipments (in '000 Units): 2016, 2018, 2020, 2022, 2024, & 2026
Key Components and Features
Regulations to Ensure Seamless Integration
BVLOS for Unmanned Industry
A Review of UTM Initiatives Worldwide
Recent Industry Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

An Insight into Innovative Technologies that Enable Autonomous Anti-Collision Flight
Select Recent Collaborations and Developments in UMT Space
Geofencing & Drone Zones, Attractive Solutions for Traffic Management
As Drone Incidents Continue to Rise in the Commercial Sector, the Need for UTM is Becoming More Urgent Than Ever: % Breakdown of Drone Incidents by Type
5G to Strengthen the UTM Ecosystem
Breakdown of Network Latency (in Milliseconds) by Network Type
EU's 5G!Drones Project to Steer Implementation of 5G in UAV Domain
AI Finds Increasing Application in UTM Development
Blockchain Exudes Potential to Address UTM Challenges Regarding Drones in Airspace
Need for UMT Scales up as Unmanned Aircraft Systems Tap Wider Opportunities
Drone Air Taxis for Commuters to Add to Drone Overcrowding, Driving the Need for UTM
With Airbus & Uber Among Other Stakeholders Stepping Up their Investments in Flying Cars/Drones to Carry People & Cargo, UTM Comes Under Pressure for Accelerated Innovation: Global eVTOL Vehicles for Freight & Passengers (In US$ Billion) for the Year 2045, 2055 & 2065
Imposition of Stricter Regulations Provides Regulatory Driven Stability to Growth in the Market
New Regulatory Developments in Select Regions/Countries Worldwide
FAA's New Rules Herald Better Future for Drones in Commercial Deliveries
Europe Focuses on Establishing Robust STM Approach
Switzerland to Introduce UTM Services
Austria Aims to Develop National UTMS
Denmark Plans to Test UTM Platform to Integrate Commercial Drones into Airspace
Port of Antwerp Becomes First Seaport to Deploy UTM System to Accommodate Drones
UK's New Act to Bring Regulatory Regime for Drones Out of Flux
Drones Gain Spotlight for Emergency Response for Pandemic Management, Driving Up the Importance of UTM
Increased Deployment of Drone Delivery Operations Drives Demand for UTM in the Logistics & Transportation Industry
Demand for UTM to Rise as Drone Deliveries Mark a New Chapter in eCommerce
Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
Pandemic Drives the Drone Delivery Boom
Airborne Drones in Smart Cities for Surveillance, a Growth Catalyst in the UTM Market
Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
Increasing Application of Drones in Agriculture Drives Opportunities for UTM
Application of Agricultural Drones throughout the Crop Cycle
Pandemic Accelerates Uptake of Drones in Agriculture
Global Smart Agriculture Market in US$ Billion: 2020 and 2025

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/si36sv

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