The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Unmanned Traffic Management (UTM) Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Unmanned Traffic Management (UTM) Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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 The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Unmanned Traffic Management (UTM) Market Segmentation?
The report has segmented the market into the following categories:
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- M
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. Software solutions are widely adopted by various end-users to manage aerial traffic across the world. The requirements of these end users such as logistics, government, and agriculture need different capabilities and characteristics. The software solutions could be easily modified as per the end-user demand suiting their particular tasks and needs, thereby surging its adoption. In addition, the advancements in software technologies such as predictive analytics, independent decision-making, and AI-based traffic management, etc., are driving the growth of software solutions. Companies such as Frequentis AG, SkyeAir, etc., have been launching various UTM software aiming to efficiently manage air traffic. For Instance,
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
By End User
- Government- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Unmanned Traffic Management (UTM) Industry Growth by 2030
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,
Who are the Key Players Operating in the Unmanned Traffic Management (UTM) Industry?
The top companies of the Unmanned Traffic Management (UTM) market ruling the industry 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
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FAQs (Frequently Ask Questions)
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