The Global Unmanned Traffic Management Market is estimated to reach USD 1.9 Billion by 2024 at a CAGR of 19.9 %.
The unmanned traffic management system (UTM) is a traffic management system designed to view, access and manage air traffic. UTM help to prevent possible crashes that may occur due to moving drones and aerial vehicles. These are mainly used to monitor, surveillance, and navigate the aircrafts and drones, where communications are a key element between operator and system. And thus, it plays vital role in increasing the visual line of sight (VLOS) and beyond the line of sight operation (BVLOS) to provide error-free communication.
Market Drivers:
The unmanned traffic management market is growing on account of rise in iteration of the domestic and international flights owing to increasing number of air travelers. According to World Bank, the number of passengers carried by aircraft was 4.2 million in 2018, and International Air Transport Association (IATA) has predicted that the passenger number may double to 8.2 billion in 2037. This was attributed to some of the factors such as an increase in tourism, an increase in disposable income, the long-term decline in real air travel costs, and amongst others. Steady growth in air transport has a lead increase in the drones, which communication plays an import role and ensures safe operation. This communication is being carried by unmanned traffic management which is expected to drive the unmanned traffic management market growth.
Government bodies such as NASA, Federal Aviation Administration (FAA), along with other regulatory authorities are working together in order to explore the concept of operation in air space. Unmanned traffic management is an ecosystem for uncontrolled operations. For instance, in Feb 2019, the Federal Aviation Administration (FAA) and the National Aeronautics and Space Administration (NASA) have partnered with private companies to develop a cloud-based traffic management system that would handle unmanned aerial vehicles (UAV) operating in the national airspace. The Unmanned Aircraft Systems Traffic Management platform enables drone users to coordinate airspace use through a UAS Service Supplier provided they have been registered with the FAA. This, investments by government agencies may drive the unmanned traffic management market.
Market Restraints:
The drone industry is experiencing steady growth with the use of unmanned traffic management in various sectors such as mining, construction, agriculture, surveying, and exploration of resources. Different manufactures may have different specification of manufacturing the unmanned traffic management (UTM). However, stringent regulation imposed by the FAA for UAS operation may hamper the growth of unmanned traffic management market.
The report on the unmanned traffic management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
The solution, Type, End-Use, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Unmanned Traffic Management (UTM) Market, by Solution
Unmanned Traffic Management (UTM) Market, by Type
Unmanned Traffic Management (UTM) Market, by Application
Unmanned Traffic Management (UTM) Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Growth in Global Air Traffic
4.2.2. Increasing Investment by Government Agencies
4.2.3. Increasing requirement of UTM solutions to integrate autonomous aerial vehicles in the commercial airspace
4.3 Restraints
4.3.1. Strict Regulation for by Aviation Authorities
4.4 Opportunities
4.4.1. Growing Number of Airports
4.4.2. Rising Investment in Drone Technology
4.5 Challenges
4.5.1 Strict Regulation for Drone Operation
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 UNMANNED TRAFFIC MANAGEMENT MARKET BY SOLUTION, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Navigation
6.3 Communication
6.4 Surveillance
7 UNMANNED TRAFFIC MANAGEMENT MARKET BY TYPE, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Persistent
7.3 Non-persistent
8 UNMANNED TRAFFIC MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Agriculture & Forestry
8.3 Logistics & Transportation
8.4 Surveillance & Monitory
8.5 Others
9 UNMANNED TRAFFIC MANAGEMENT MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Russia
8.2.6. Spain
8.2.7. The Netherlands
8.2.8. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 PrecisionHawk
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Harris Corporation
11.3 Lockheed Martin Corporation
11.4 Nova System
11.5 Thales Group
11.6 Leonardo S.p.A
11.7 Frequentis AG
11.8 AirMap, Inc.
11.9 Skyward IO, Inc.
11.10 Altitude Angel Limited
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain