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

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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