The report, titled “Unmanned Traffic Management (UTM) Market” analyzes the market globally according to the component, type, solution type, application, and region. The report is comprehensive and provides thorough historical and forecast market size, along with a forecast analysis. The report provides the importance of the market share, capacities for production by the top players, competitive overview, and strategic imperatives. It also provides numbers of sales per year, expansion opportunities, the production outline, as well as a competitive analysis for the players that are targeted within the overall UTM market analysis.
Marketing Overview and Dynamics: Growing the use of drones for various applications is increasing the demand for UTM
The global UTM market is anticipated to grow at a robust CAGR of approximately 16% during the forecast period of 2022-2028. The rising demand for drones for logistics and transportation, and the exploding use for leisure activities are increasing demands for UTM solutions across the globe. Furthermore, the rapid development of cities has caused an increase in traffic congestion that has led to the need to integrate Unmanned Aerial Vehicles (UAVs) into commercial environments. This will increase the need for appropriate implementation and acceptance of UTM solutions.
Also, the increasing number of terror activities and growing security concerns are expected to boost the demand for drones in security and surveillance applications. Governments of large economies are investing large amounts in their defense budgets to address security concerns. Furthermore, the government of these economies is working on the creation of appropriate regulations and guidelines to regulate flying zones and air traffic activities in order to ensure that only their respective authorities have access to information about drone operations in order to reduce security risks. This will result in better coordination between governments and aviation agencies.
Segmental Analysis
- Based on the type, Surveillance Infrastructure is anticipated to grow at an impressive growth rate due to the high demand from governments across the globe to patrol in advance of terrorist acts.
- Based on end users, the demand for drone pilots/operators will continue to be the leading market, as it requires professionally certified pilots to use Unmanned Aerial Vehicles (UAVs).
- Based on the region, North America is expected to be the dominant player in globally the UTM market because of the investment incentives offered by the government in various drones.
Competition Analysis: Significant market consolidation is expected in the near future
The global UTM market experiences intense competition on account of the presence of numerous established players in the market. As governments of several nations increase their spending on drones and UAVs, companies are coming up with new technologies and innovations to satisfy the requirements of the government. However, governments across the globe are firm on the regulations and policies to restrict the use of UAVs. Product innovations, launches, and partnerships are the identified industry trend in the global UTM market. For instance,
- In May 2022, OneSky entered into a partnership with ITGlobe, one of the leading providers of global aerospace engineering and design services. Through this partnership, OneSky’s verified UTM systems solutions are expected to be made available in India exclusively through ITGlobe, which is devoted to guaranteeing the secure integration of UAS operations and Advanced Air Mobility (AAM) operations in the Indian national airspace for all stakeholders.
- In Mar 2021: Altitude Angel unveiled its airspace management solution GuardianUTM Enterprise. The product is aimed at offering a one-stop solution to empower the airport to start designing and providing UTM Services for drone companies and drone operators, using Altitude Angel’s proven digital authorization and flight management technology.
Some of the leading players involved in the production and marketing of Gaming include Leonardo S.p.A, Altitude Angel Ltd., Qualcomm Inc., Thales Group, Lockheed Martin Corporation, Skyward, Frequentis, Unifly, L3Harris Technologies Inc., AirMap Inc., Nova Systems, Nokia Corporation, Analytical Graphics, Precision Hawk, Airbus SE, Droniq GmbH, One Sky Systems Inc., Terra Drone Corporation, and Raytheon Technologies Corporation among others.
RationalStat has segmented the Global UTM Market on the basis of component type, type, solution type, end user, and region
- By Component Type
- Hardware
- Software
- Services
- By Type
- Persistent
- Non-Persistent
- By Solution Type
- Communication Infrastructure
- Navigation Infrastructure
- Surveillance Infrastructure
- By End User
- Airports
- Emergency Service and Local Authorities
- Drone Operators or Pilots
- Recreational Users
- By Region
-
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
For more information about this report: https://store.rationalstat.com/store/global-utm-market-investment-growth-opportunity-analysis/
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