Global Unmanned Traffic Management Market: Key Highlights
Global Unmanned Traffic Management Market: Key Market Dynamics
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Global Unmanned Traffic Management Market: Regional Overview
The Unmanned Traffic Management market in the North America region is projected to witness high demand owing to increasing investment by government agencies, rise in drone activities, and presence of key players such as AirMap, Lockheed Martin, and Harris Corporation in the region. According to The International Trade Administration (ITA), in 2018, the aerospace industry contributed USD 151 billion in export sales to the US economy.
Rising adoption of higher of advanced technology amongst the end users has expected to surge the demand for unmanned traffic management in the region. Unmanned aerial vehicles are used form defense and emergency response in many areas. Rising popularity has also raised the safety concerns. Thus to meet safety demands European Union has funded PODIUM project is demonstrating an integrated, comprehensive web-based UTM solution at five sites in three countries.
Global Unmanned Traffic Management Market: Key Players Overview
PrecisionHawk operates through agriculture, energy, solution and service business segments across the globe. In May 2016, PrecisionHawk and Harris Corporation Expand Strategic Partnership to Introduce Airspace Safety Technologies to the Drone Market.
In 2019, Harris and L3 combined complementary strengths in a merger of equals to form L3Harris Technologies, Inc. the company is a global aerospace and defense technology inventor. In February 2017, Harris Corporation developed first of its kind solution to enable beyond-visual-line-of-sight (BVLOS) operations for unmanned aircraft systems (UAS).
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