CHICAGO, Feb. 15, 2023 /PRNewswire/ — The unmanned traffic management market is anticipated to reach USD 1,098 million by 2030, growing at a CAGR of 33.9% from USD 106 million in 2022 according to a new report by MarketsandMarkets™. The goal of unmanned traffic management (UTM) is to enable unmanned aerial vehicles (UAVs) safe and efficient low-altitude airspace operations by providing services, such as airspace design & dynamic configuration, dynamic geo-fencing, severe weather & wind avoidance, congestion management, terrain avoidance, route planning & re-routing, separation management, sequencing & spacing, and contingency management.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=169968151
Browse in-depth TOC on “Unmanned Traffic Management (UTM) Market”
279 – Tables
50 – Figures
288 – Pages
In managing small, unmanned aircraft systems (UAS), UTM provides authentication, airspace design, airspace corridors, dynamic geo-fencing, weather integration, constraint management (congestion prediction), sequencing and spacing as needed, trajectory changes to ensure safety, contingency management, separation management, transition locations and locations with National Airspace (NAS), and geo-fencing design and dynamic adjustments.
Based on application, the aviation segment of application is expected to lead the unmanned traffic management market from 2022 to 2030.
Based on application, the unmanned traffic management market has been classified into aviation, homeland security, agriculture, logistics and transportation, and others. Other applications include energy & power, construction & mining, media & entertainment, insurance, wildlife & forestry, and academic research. The drone industry is a rapidly growing market, and the use of drones is expected to significantly increase in the coming years. UTM systems are necessary to support the growth and development of the drone industry by providing the necessary infrastructure and services to enable the safe and efficient integration of drones into the airspace and are necessary for the continued growth and development of the drone industry. The aviation segment is estimated to lead the market as UTM systems help to ensure that these drones are operated safely and efficiently near airports and avoid collisions with other aircraft, ensuring compliance with regulations and safety standards.
Based on Component, the software segment is estimated to lead the unmanned traffic management market from 2022 to 2030.
Based on component, the unmanned traffic management market has been segmented into solutions, software, and services. The integration of sensors, equipment, and software modules is vital to ensure the efficient operation of unmanned traffic management (UTM) systems. Several companies operating in the unmanned traffic management market are engaged in the development of software solutions that aid UTM services. The software segment is estimated to lead the market because drone software providers have been focusing on the development of software that are cost-effective and efficient since without the right software, one cannot manage a fleet of drones, perform automated BVLOS flights, or maintain the required flight data log for compliance purposes.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=169968151
The North America region is estimated to account for the largest share of unmanned traffic management market in 2022.
Based on region, In 2022, North America is estimated to account for the largest share of the unmanned traffic management market in 2022 and is projected to continue its dominance in the market from 2022 to 2030. The commercial drone industry is heavily concentrated in North America, and from 2022 to 2030, the market is predicted to grow at a faster rate due to the rising expenditure in the development of UTM solutions from the US and Canadian private companies and government organizations. In the US and Canada, there is an increase in the number of drones deployed in the commercial sector, drones are being used in diverse and risky environments to carry out atmospheric research, including weather and atmospheric gas sampling; emergency & disaster monitoring; cartography & mapping; agricultural spraying; and promotion & advertising.
The major players in the unmanned traffic management market mainly resorted to government funding, and R&D expenditure to drive their growth. They also entered new markets by launching technologically advanced and cost-effective software, and services. Altitude Angel (UK). Thales Group (France), AirMap, Inc. (US), Airbus (Netherlands), and ANRA Technologies (US) are a few of the leading players in the market who adopted this strategy.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=169968151
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports:
UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region – Global Forecast to 2027
Small Drone Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application, Mode of Operation, Power Source (Fully Powered, Battery Powered) & Region – Global Forecast to 2027
Drone Software Market by Solution (Application, System), Platform (Defense & Government, Commercial, Consumer) Architecture (Open Source, Closed Source), Deployment (Onboard Drone, Ground-Based, Region – Global Forecast to 2027
Drone Simulator Market by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type and Region – Global Forecast to 2027
Air Traffic Management Market by Application (Communication, Navigation, Surveillance, Automation), End Use (Commercial, Military), Airspace, Investment Type, Offering, Service, Airport Size and Region – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/unmanned-traffic-management-utm-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/unmanned-traffic-management-utm.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets