To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Unmanned Traffic Management (UTM) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global unmanned traffic management market will reach a valuation of US$ 1,057.9 million in 2022 and expected to progress at a CAGR of 18.4% to reach US$ 5,717.4 million by the end of 2032.
Deployment of unmanned traffic management in rural area accounted for nearly 1/4th of the global traffic management market at the end of 2022.
Report Attributes |
Details |
---|---|
Unmanned traffic management Market Size (2021A) |
US$ 905.8 million |
Estimated Market Value (2022E) |
US$ 1,057.9 million |
Forecasted Market Value (2032F) |
US$ 5,717.4 million |
Global Market Growth Rate (2022-2032) |
18.4% CAGR |
North America Market Share (2022) |
29.4% |
North America Market Value (2022) |
US$ 310.6 million |
Europe Market Share (2022) |
20.1% |
Europe Market Value (2022) |
US$ 212.9 million |
China Market Share (2022) |
9.8% |
China Market Value (2022) |
US$ 103.9 million |
Market Share of Top 3 Countries |
38.7% |
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Due to a significant increase in air traffic over the assessment period, there has been a steadily rising demand for UAVs and autonomous aerial vehicles in relation to a variety of applications across numerous sectors. The number of conventional aircraft will increase as a result of changing preferences and rising disposable income, which is further projected to boost the growth of the unmanned traffic management market throughout the course of the forecast period.
Unmanned aerial vehicles or drones have countless uses in a variety of end-use industries, including e-commerce, agriculture, and defense, and they are increasingly being recognized as viable substitutes for traditional methods of operation in the years to come. Additionally, the use of unmanned aerial vehicles, or drones, as previously indicated, will in some way affect air traffic and necessitate an effective and secure traffic management system, ultimately driving the appeal for an unmanned traffic management system during the evaluation period.
Leading market participants are functioning vigorously and expanding their network and resources. extensive investments to strengthen their infrastructure with the goal of gaining a sizable market share.
From 2017 to 2021, the global market for UTM registered a CAGR of 14.8% Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 18.4% CAGR between 2022 and 2032.
Market share analysis of unmanned traffic management based on end user and region is provided in the above image. Under the end user segment, the drone operator sub-segment dominates with 25.9% market share in 2022.
“Emerging Demand for UAV for Commercial & Logistic Application aids the UTM Market Growth”
Round the clock demand for UAV has been surged in the view of diverse application across multiple sectors. UAV has an immense growth opportunity by the end of assessment period. One of the major application where UAV are extensively deployed are commercial and logistic applications. UAV serves the purpose of both safe and efficient delivery of logistics. Escalating demand for UAV in multiple sectors is presumed to contribute potentially in the UTM Market during the forecast period.
Additionally, the increased usage of UAVs and drones by end-user industries other than logistics and transportation including agriculture and forestry, and surveillance and monitoring will increase air traffic and increase the need for effective and secure traffic management systems via UTM.
“Rising Autonomous Aerial Vehicles Propels the demand for UTM”
The demand for autonomous aerial vehicles is getting surged over the last half-decade. Autonomous vehicles are deployed in various sectors serving some severe applications such as monitoring and surveillance. Autonomous aerial vehicles are getting peaked and the dependency on such vehicles is expected to surge over the next decade.
The increasing number of autonomous aerial vehicles across the globe will eventually tend to hike the complex air traffic, resulting to fuel the demand for an unmanned traffic management system. UTM may enable safe and efficient flying operations with an integrated traffic management system consisting of various aviation aspects.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
“Due to increased interference of government organization the market is restricting the new entrants”
Regarding UAVs and flying vehicles, regional governments have a number of laws and certifications. Governments all around the world have taken steps to control air traffic and flying zones, which might potentially drive the market for unmanned traffic management.
Increased regulation and stringent certification tend to have a negative impact on the market, which lowers the demand for UAVs globally. Air traffic will decrease sequentially as UAV demand declines, which will have a negative impact on the unmanned traffic management business.
The market for unmanned traffic management is expensive, and more infrastructure is needed for this service. Radars and navigation systems, among other sophisticated architecture, are widely used to track and control air traffic.
The increasing number of autonomous aerial vehicles across the globe will eventually tend to hike the complex air traffic, resulting to fuel the demand for an unmanned traffic management system. UTM may enable safe and efficient flying operations with an integrated traffic management system consisting of various aviation aspects.
Due to the widespread use of autonomous aerial vehicles and UAVs, the North American area, notably the United States, has the most potential for growth in the unmanned traffic management industry. The U.S. defiance department is also encouraging the use of unmanned aerial vehicles, or drones, which has fueled the rising demand for unmanned traffic management systems in the years to come. Thus, North America unmanned traffic management market is expected to reach US$ 2,093.1 million by 2032.
Due to the widespread use of unmanned aerial vehicles, or drones, in numerous industries and the increase in conventional aircraft, the Europe region appears to be the most lucrative after North America. Due to this, it is anticipated that air traffic will increase significantly over the course of the assessment, which will eventually fuel the market for unmanned traffic management.
However, the unmanned traffic management market in East Asia is anticipated to expand with a CAGR of around 20% throughout the anticipated time frame. Due to its advantage in terms of infrastructure development and technical improvement, China is the region most likely to drive the growth of the unmanned traffic management market. Such a technological advantage will accelerate the expansion of the East Asian unmanned traffic management market over the long term.
Globally the demand for wireless communication device is increasing as they are more efficient in long distance communication. The other key factor to influence the sub-segment’s growth are deployment of artificial intelligence and integrated instruments with high bandwidth driving the end user’s traction.
In UAV the communication infrastructure is going to create the future market demand. The communication infrastructure can be used for long distance network by deploying persistent overhead surveillance services and geospatial data. The good communication infrastructure helps in getting efficient remote traffic management which also helps in reducing cost and reliable communication network. Hence, due to efficient communication network across region demand for UTM will increase in long run.
With the advancing technologies, remote delivery services or the use of unmanned gadgets have increased drastically, especially since the pandemic. Emergency services, food deliveries, and other drones have high adoption rates nowadays, due to their service efficiency. However, with the growing use of drones across diverse sectors at the global level.
The need for unmanned vehicles traffic management system is arising to manage the unmanned vehicles and prevent losses due to their collisions or path deviations. UTM also enables drone operators to track down possible accidents and prevent them timely, any cyber hacking of vehicles can be detected easily, and others.
Such factors ensure the need for the UTM to manage the emerging and evolving unmanned vehicles used in various industries and with the power of R&D and innovation unmanned vehicles will explore more prominent applications which ensure their growth in the near future. This, in turn, expands the UTM market's growth.
All the industry leader in ICT are making their own strategy to stand out from other competitors in the unmanned traffic management market. The brands like AirMap, Altitude Angel, Wing, Analytical Graphics, Inc., Delair, Unifly, DJI, Frequentis, Nova Systems, PrecisionHawk, Thales Group, Leonardo and others other leading players have rolled up their sleeves to enter the market and make their brand presence in the segment.
In order to reduce maintenance costs and operating costs, the global market for unmanned traffic management is mostly consolidated with few small and medium sized players.
Fact.MR has provided detailed information about the price points of key market players of unmanned traffic management positioned across regions, sales growth, service capacity, and speculative technological expansion, in the recently published report.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
The global unmanned traffic management market is currently valued at US$ 1,0 57.9 million in 2022.
Worldwide demand for unmanned traffic management is anticipated to reach US$ 5,717.4 million by 2032-end.
During 2022-2032, sales of unmanned traffic management will increase at 18.4% CAGR.
North America leads the global unmanned traffic management market accounting for 29.4% market share in 2022.
Controlled unmanned traffic management services accounts for 82.4% share of the global market in 2022.