MarkNtel Advisors recently published a detailed industry analysis of the Global Unmanned Traffic Management (UTM) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Unmanned Traffic Management (UTM), 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.
Key Findings in Global Unmanned Traffic Management (UTM):
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
Frequentis AG, Leonardo S.p.A., Raytheon Technologies Corporation, Thales Group, Honeywell, DJI, Unifly NV, Airmap, Altitude Angel Limited, Airbus SE, Anra Technologies, OneSky Systems Inc., Indra Sistemas, Aloft Technologies, among others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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) Market 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) Market Analysis Report – https://www.marknteladvisors.com/research-library/unmanned-traffic-management-utm-market.html
Geographical Analysis: Global Unmanned Traffic Management (UTM) Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Unmanned Traffic Management (UTM) Industry Recent Development:
- In 2023: Terra Drone Corporationacquired 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
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Unmanned Traffic Management (UTM)?
- How is the Global Unmanned Traffic Management (UTM) expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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