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
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,
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
For more information about this report: https://store.rationalstat.com/store/global-utm-market-investment-growth-opportunity-analysis/
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