Global Unmanned Traffic Management (UTM) Size, Share, Trends, Demand, Growth and Competitive Analysis
MarkNtel Advisors recently published a detailed industry analysis of the Global Unmanned Traffic Management (UTM). The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Unmanned Traffic Management (UTM)
Size, Share, and Trends Analysis Report – Industry Overview and Forecast to
2030
The Unmanned Traffic Management (UTM) Market size was estimated at USD 0.80 billion in 2024 and is projected to reach USD 4.46 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 33.01% during the forecast period.
What are the major Driver the Global Unmanned
Traffic Management (UTM) industry?
Increasing Defense Budgets of Governments
Proliferating Global Unmanned Traffic Management (UTM) Market – Governments worldwide have been offering huge
defense budgets to strengthen their defense sector in their countries. Amidst
growing geopolitical tensions and warfare situations, countries such as the US,
India, China, Japan, etc., have been successfully focused on surging their
defense sector growth and power. Moreover, concerns related to national
security have been leading the government bodies to implement several defense
systems and leading military operations to purchase new, advanced, and
efficient war supplies. This has led to a drastic increase in defense spending,
thereby surging the purchase of unmanned aerial vehicles. For Instance,
- In 2022, the Indian
Army has launched a series of fast-track drone procurement efforts with a
spending of around USD36 million for each program.
This increasing
procurements of UAVs has been surging the use of drones for defense missions,
hence driving the demand for robust UTM systems to ensure the safe and
efficient use of airspace including areas of conflict or forbidden areas.
Advanced UTM systems with communication, navigation, and surveillance
capabilities empower military operators to monitor and control several UAVs at
a time. This, therefore, helps them react appropriately to emerging threats or
altering conditions, thereby driving their adoption in military operations,
hence driving market growth.
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What segments define the Global Unmanned
Traffic Management (UTM) from 2024 to 2030? How do these segments contribute to
market dynamics and growth?
- By
Component
- Hardware-
Market Size & Forecast 2019-2030, USD Million
- Radar
System- Market Size & Forecast 2019-2030, USD Million
- Navigation
System- Market Size & Forecast 2019-2030, USD Million
- Automation
System- Market Size & Forecast 2019-2030, USD Million
- Software-
Market Size & Forecast 2019-2030, USD Million
- Flight
Planning- Market Size & Forecast 2019-2030, USD Million
- Fleet
Operation- Market Size & Forecast 2019-2030, USD Million
- Data
Capture- Market Size & Forecast 2019-2030, USD Million
- Others
(Traffic Information, Emergency Management, etc.) - Market Size &
Forecast 2019-2030, USD Million
- Services
- Market Size & Forecast 2019-2030, USD Million
- Security
Services- Market Size & Forecast 2019-2030, USD Million
- Flight
Services- Market Size & Forecast 2019-2030, USD Million
- Information Services- Market Size & Forecast 2019-2030, USD Million
According to report, Out of them all, the
software segment holds a considerable market share in the Global Unmanned
Traffic Management (UTM) Market driven by their offered flexibility and
scalability.
- By
Solution
- Communication
Infrastructure- Market Size & Forecast 2019-2030, USD Million
- Navigation
Infrastructure- Market Size & Forecast 2019-2030, USD Million
- Surveillance
Infrastructure- Market Size & Forecast 2019-2030, USD Million
- By Type
- Persistent
UTM- Market Size & Forecast 2019-2030, USD Million
- Non-Persistent
UTM- Market Size & Forecast 2019-2030, USD Million
- By
Application
- Agriculture
& Forestry- Market Size & Forecast 2019-2030, USD Million
- Logistics
& Transportation- Market Size & Forecast 2019-2030, USD Million
- Surveillance & Monitoring- Market Size & Forecast 2019-2030, USD Million
According to report, Based on application, the surveillance and monitoring segment dominated the market in 2024.
- By End
User
- Government-
Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
Explore the Complete Global Unmanned
Traffic Management (UTM) Analysis Report –
https://www.marknteladvisors.com/research-library/unmanned-traffic-management-utm-market.html
Geographical
Analysis: Global Unmanned Traffic Management (UTM)
·
By Region
·
North
America
·
South
America
·
Europe
·
The
Middle East & Africa
· Asia-Pacific
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Global Unmanned Traffic Management (UTM) Share
& Competitive Landscape:
The Unmanned
Traffic Management (UTM) Market is characterized by intense competition, with
several key players driving growth through innovation, market expansion, and
strategic investments. The competitive landscape provides valuable insights
into the industry's leading companies, highlighting their strengths, financial
performance, and market influence.
Leading Companies in the Global Unmanned
Traffic Management (UTM) are:
·
Frequentis AG
·
Leonardo S.p.A.
·
Raytheon Technologies Corporation
·
Thales Group
·
Honeywell
·
Airmap Inc
·
DJI Technology
·
Unifly NV
·
Altitude Angel Limited
·
Airbus SE
·
Anra Technologies
·
OneSky Systems Inc.
·
Indra Sistemas
·
Aloft Technologies
·
Alphabet
Global Unmanned Traffic
Management (UTM) Industry Recent Development
- In 2023: Terra Drone
Corporation acquired a majority
stake in Unifly, a provider of Unmanned Aircraft Systems Traffic
Management (UTM) systems to establish a digital infrastructure.
- In 2022: Frequentis
AG in partnership with Austro Control
announced launched traffic management system for drones.
Questions Addressed in this Study
1.What factors are
driving the Global Unmanned Traffic Management (UTM) growth?
2.How is the Global
Unmanned Traffic Management (UTM) expected to grow over the next five years?
3.What are the key
insights into the current trends in the Global Unmanned Traffic Management
(UTM)?
4.What is the
current size of the Global Unmanned Traffic Management (UTM), and how is it
projected to change in the future?
6.What is the
future outlook for the Global Unmanned Traffic Management (UTM) in terms of
technological advancements and market expansion?
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