Global Unmanned Traffic Management (UTM) Strategic Business Report 2023: AI Finds Increasing Application in UTM Development


Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Unmanned Traffic Management (UTM): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Unmanned Traffic Management (UTM) estimated at US$791.2 Million in the year 2022, is projected to reach a revised size of US$3.3 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 19.2% CAGR and reach US$1.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 20.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $523.3 Million, While China is Forecast to Grow at 24.3% CAGR

The Unmanned Traffic Management (UTM) market in the U.S. is estimated at US$523.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$187.1 Million by the year 2030 trailing a CAGR of 24.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.5% CAGR.

Select Competitors (Total 42 Featured) -

  • AirMap
  • Altitude Angel
  • Delair
  • DJI
  • Frequentis
  • Harris Corporation
  • Leonardo S.p.A
  • Lockheed Martin
  • Nova Systems
  • OneSky
  • PrecisionHawk
  • Sensefly SA
  • Skyward IO
  • Thales Group
  • Unifly

Key Attributes:

Report AttributeDetails
No. of Pages315
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$791.2 Million
Forecasted Market Value (USD) by 2030$3300 Million
Compound Annual Growth Rate19.5%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Presents a Mixed Bag of Challenges and Opportunities for Drones Market
  • Global Drones Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • COVID-19 Pandemic Weighs on Global Adoption of UTM Systems
  • Influencer Market Insights
  • World Market Trajectories
  • Unmanned Traffic Management (UTM) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Unmanned Traffic Management (UTM) Competitor Market Share Scenario Worldwide (in %): 2020E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Services (Component) Global Competitor Market Share Positioning for 2020 & 2027
  • Software (Component) Market Share Breakdown of Key Players: 2020 & 2027
  • Hardware (Component) Competitor Revenue Share (in %): 2020 & 2027
  • Persistent (Type) Market Share Shift by Company: 2020 & 2027
  • Non-Persistent (Type) Global Competitor Market Share Positioning for 2020 & 2027
  • Communication Infrastructure (Solution) Market Share Breakdown of Key Players: 2020 & 2027
  • Navigation Infrastructure (Solution) Competitor Revenue Share (in %): 2020 & 2027
  • Surveillance Infrastructure (Solution) Market Share Shift by Company: 2020 & 2027
  • Growing UAV Traffic in Commercial Airspace: The Foundation for Growth in the Market
  • Reasons Behind the Proliferation of Drones
  • Global Investments in Drone Technologies 2010, 2012, 2014, 2016, 2018, 2020
  • A Review of Existing and Emerging Use Cases in the Commercial Space
  • World Drones Market by Application: 2021e
  • Why Unmanned Traffic Management is Important for Drones?
  • Near Mid-Air Collision Incidents: 2014-2019
  • Global Commercial Drone Unit Shipments (in '000 Units): 2016, 2018, 2020, 2022, 2024, & 2026
  • Key Components and Features
  • Regulations to Ensure Seamless Integration
  • BVLOS for Unmanned Industry
  • A Review of UTM Initiatives Worldwide
  • Recent Industry Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • An Insight into Innovative Technologies that Enable Autonomous Anti-Collision Flight
  • Select Recent Collaborations and Developments in UMT Space
  • Geofencing & Drone Zones, Attractive Solutions for Traffic Management
  • As Drone Incidents Continue to Rise in the Commercial Sector, the Need for UTM is Becoming More Urgent Than Ever: % Breakdown of Drone Incidents by Type
  • 5G to Strengthen the UTM Ecosystem
  • Breakdown of Network Latency (in Milliseconds) by Network Type
  • EU's 5G!Drones Project to Steer Implementation of 5G in UAV Domain
  • AI Finds Increasing Application in UTM Development
  • Blockchain Exudes Potential to Address UTM Challenges Regarding Drones in Airspace
  • Need for UMT Scales up as Unmanned Aircraft Systems Tap Wider Opportunities
  • Drone Air Taxis for Commuters to Add to Drone Overcrowding, Driving the Need for UTM
  • With Airbus & Uber Among Other Stakeholders Stepping Up their Investments in Flying Cars/Drones to Carry People & Cargo, UTM Comes Under Pressure for Accelerated Innovation: Global eVTOL Vehicles for Freight & Passengers (In US$ Billion) for the Year 2045, 2055 & 2065
  • Imposition of Stricter Regulations Provides Regulatory Driven Stability to Growth in the Market
  • New Regulatory Developments in Select Regions/Countries Worldwide
  • FAA's New Rules Herald Better Future for Drones in Commercial Deliveries
  • Europe Focuses on Establishing Robust STM Approach
  • Switzerland to Introduce UTM Services
  • Austria Aims to Develop National UTMS
  • Denmark Plans to Test UTM Platform to Integrate Commercial Drones into Airspace
  • Port of Antwerp Becomes First Seaport to Deploy UTM System to Accommodate Drones
  • UK's New Act to Bring Regulatory Regime for Drones Out of Flux
  • Drones Gain Spotlight for Emergency Response for Pandemic Management, Driving Up the Importance of UTM
  • Increased Deployment of Drone Delivery Operations Drives Demand for UTM in the Logistics & Transportation Industry
  • Demand for UTM to Rise as Drone Deliveries Mark a New Chapter in eCommerce
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
  • Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
  • Pandemic Drives the Drone Delivery Boom
  • Airborne Drones in Smart Cities for Surveillance, a Growth Catalyst in the UTM Market
  • Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • Increasing Application of Drones in Agriculture Drives Opportunities for UTM
  • Application of Agricultural Drones throughout the Crop Cycle
  • Pandemic Accelerates Uptake of Drones in Agriculture
  • Global Smart Agriculture Market in US$ Billion: 2020 and 2025

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bjhd97

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Global Market for Unmanned Traffic Management (UTM)

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