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Unmanned Traffic Management Market Report | Covid-19 Impact Analysis
The Unmanned Traffic Management Market is Segmented by End-Use Type (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring, and Others), by Solution Type (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure, and Others), by Typ...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Unmanned traffic management market is likely to witness an impressive CAGR of 21.2% during the forecast period. The unprecedented growth is owing to the growing employment of drones in logistics & transportation and other commercial applications. The escalating need for UTM solutions to assimilate self-governing aerial vehicles in commercial airspace is another factor significantly contributing to the growth of the global unmanned traffic management market.
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Unmanned Traffic Management Market - Snapshot |
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Growth |
21.2% for the next five years |
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Major End-Use Type |
Logistics & Transportation |
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Major Solution Type |
Communication infrastructure |
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Dominant Type |
Persistent UTM |
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Dominant Component Type |
Services |
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Region with the highest demand |
North America |
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Key Players |
Airmap Inc., Altitude Angel Limited, Analytical Graphics, SZ DJI Technology Co. Ltd., Frequentis, Harris Corporation, Lockheed Martin Corporation, Nova Systems, Nokia Corporation, and Precisionhawk. |
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Based on the end-use type, the market is segmented as agriculture & forestry, logistics & transportation, surveillance & monitoring, and others. The logistics & transportation segment dominated the market in 2018, and is likely to continue its leading position during the forecast period. The growth of this segment is owing to the growth in application of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies.
Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. The communication infrastructure segment is expected to remain dominant during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.
Based on the type, the market is segmented as non-persistent UTM and persistent UTM. The persistent UTM segment is estimated to register a higher growth in the coming five years. This growth can be attributed to the increase in logistics and transportation activities in the developed economies, such as the US, the UK, and Switzerland.
Based on the component type, the market is segmented as hardware equipment, software, and services. The services segment commanded the market in 2018, and is likely to remain dominant during the forecast period as well. The prime focus of unmanned traffic management will be on service providers delivering flight and security and information to UTM as well as drone operators.
In terms of regions, North America dominated the unmanned traffic management market in 2018, and is estimated to maintain its dominance in the coming five years, driven by the growth in drone activities, rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Some of the major players in the unmanned traffic management market are-
Unmanned Traffic Management is referred to as a traffic management system that controls operations that are separate from the Air Traffic Management of Federal Aviation Administration. The system has its usage in areas of agriculture, surveillance, logistics, and others.
Unmanned Traffic Management is known to offer solutions for communication, navigation, and surveillance mainly along with many other activities depending upon the requirements. The system is available in persistent and non-persistent types and the hardware, software and other components of the system are aimed at offering a smoother experience for the end-users.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Unmanned Traffic Management Market Research Report - Features |
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Market Segmentation |
5 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The unmanned traffic management market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Unmanned Traffic Management Market is expected to witness an impressive growth of 21.2% CAGR in the foreseeable future.
Airmap, Inc., Altitude Angel Limited, Analytical Graphics, SZ DJI Technology Co., Ltd., Frequentis, Harris Corporation, Lockheed Martin Corporation, Nova Systems, Nokia Corporation, Precisionhawk are among the key players in the Unmanned Traffic Management Market.
North America is expected to remain dominant region in the Unmanned Traffic Management Market during the next five years.
The communication infrastructure segment is expected to remain dominant during the forecast period.
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