PUBLISHER: Allied Market Research | PRODUCT CODE: 1108542
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108542
Unmanned traffic management (UTM) is a subset of air traffic management that oversees unmanned aerial systems (UAS) operations in a safe, efficient and, cost-effective manner by providing facilities and a unified set of services in cooperation with incorporating both aerial and ground-based operations. In addition, unmanned aircraft system traffic management (UTM) is a system that delivers UTM through the cooperative convergence of technology, humans, services, facilities, and information aided by ground, air, or space-based navigation, communications, and surveillance. Moreover, integration of unmanned aircraft in global airspace by conventional means may need the use of cumbersome and expensive hardware, which is neither possible nor advisable. This necessitates the development of a software-based, modern, and automated Unmanned Traffic Management (UTM) system. These systems could then be integrated into standard Air traffic management (ATM) systems.
The unmanned traffic management market is experiencing immense growth, which is driven by the promising growth rate of the drone market, increase in demand for improved surveillance, and the rise in recent collaborations and developments in unmanned traffic management (UTM) systems. However, strict drone regulations, privacy and security concerns, and costly and time-consuming certification processes for operation acts are the factors that are anticipated to hamper the growth of the unmanned traffic management market during the forecast period. On the contrary, growing demand for drones in commercial applications, and improved government support are the major factors that are expected to supplement the unmanned traffic management market, thereby providing a better opportunity for the growth of the market during the forecast timeframe.
The unmanned traffic management market is segmented based on component, application, end user, and region. Based on components, it is classified into hardware and software. By application, the market is segmented into agriculture & forestry, logistics & transportation, and surveillance & monitoring. By end user, the market is divided into drone operators/pilots, recreational users, airports, and emergency service public and local authorities. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in this report include Airbus, Altitude Angle, Droniq Gmbh., Intelligent Automation (IAI), Leonardo S.p.A., One sky, PrecisionHawk Inc., Thales Group, Terra Drone, and Unifly nv.
The drivers, restraints, and opportunities present in the market are explained in the report, in addition to the analysis of their impact. The report includes the study of the unmanned traffic management market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
By Component
By Application
By End User
By Region