Researchstore.biz revealed a new study titled “Global Unmanned Traffic Management Market by Type (Persistent, Non-Persistent), Component(Hardware, Software, Services), Solution(Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure), End-Use(Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global unmanned traffic management market is expected to register a CAGR of 21.47% during the forecast period from 2018-2025. With a growth of USD 2,024.03 Million by 2025 from USD 427.04 Million in 2017. Following drivers fuels the growth of unmanned traffic management market:
- Growing demand for drones in logistics & transportation and commercial applications
- Agreements and collaboration on investment between government agencies and private players
- Combination of UTM solutions in autonomous aerial vehicles into commercial airspace
The unmanned traffic management (UTM) is commonly used to view and assess the air traffic. Using the UTM, traffic can be managed. The system can help to prevent possible crashes and other hazards that can occur in the air due to moving drones and other aerial vehicles. The UTM is currently used in applications including surveillance, navigation, communication, and others solutions. In addition, they are also used in the mounting implementation of beyond line of sight operations (BVLOS) and visual line of sight (VLOS) in order to offer error-free communication between UTM and its operators. Government agencies, regional aviation authorities, as well as private sector operators use the UTM to handle and fulfill the growing demand for sophisticated and safe unmanned aircraft systems (UAS) operations.
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Demand for drones in logistics & transportation and commercial applications and Integration of UTM solutions in autonomous aerial vehicles into commercial airspace are projected to drive unmanned traffic management market:
The key driving factors for the unmanned traffic management market are listed below:
Demand for drones in logistics, transportation, and commercial applications
Agreements and cooperation on investment between government agencies and private contestants
However, UTM solutions’ integration in autonomous aerial vehicles into commercial airspace is evaluated to lead the growth of unmanned traffic management market in a couple of years, while the lack of success of traffic management system may limit the growth of the market.
The global unmanned traffic management market segmentation analysis: The market is categorized into type, component, solution, end- use, and regions.
Software segment is predicted to achieve the largest share of 35.68% during the forecast period (2018-2025)
The component segment includes comprises hardware, software, and services. Software segment expected to hit the highest CAGR over the forecast period. As usage of drones has increased in a number of application such as search & rescue operations, infrastructure monitoring, and package delivery services, it headed the growth of the software segment.
Surveillance infrastructure segment achieved around USD 154.20 Million in 2017
Solution segment is divided into communication infrastructure, navigation infrastructure, and surveillance infrastructure. According to estimates, surveillance infrastructure segment would jump with the highest CAGR. The factors including unmanned traffic management supports various technologies such as wide area multilateration (WAM), multilateration (MLAT), ADS-B, mobile telecom networks, internet of things (IOT), near field communication (NFC), and long-range (LoRa) that has led to an increase in the market share of the software segment, will contribute to the market growth.
Regional Segmentation Analysis:
The section covers analysis of five regions namely North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America region held around USD 127.47 Million in 2017. The growing investments by governments to go through unmanned traffic management series on different sites including airports and other urban sites is the key factor that accelerated the growth of unmanned traffic management market in this region.
Top Players of unmanned traffic management market are listed below: Leonardo, Frequentis, Altitude Angel, Harris, Skyward IO, Lockheed Martin, Airmap, Nova Systems, Thales Group, Unifly, Harris Corporation, Rockwell Collins, Precision Hawk, DJI, Sensefly, Viasat, Nova Systems, PrecisionHawk, Analytical Graphics, and Nokia.
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