About the Report
The global unmanned traffic management (UTM) market is expected to expand at an impressive CAGR of around 18% over the next ten years, with drone operators being the largest end users across the world.
Steadily soaring demand is expected for UAVs and autonomous aerial vehicles in context with various applications across multiple sectors, owing to massive surge in air traffic over the assessment period. Shifting preferences and increasing disposable income will lead to a surge in the number of conventional aircraft, which is likely to contribute heightened demand for UTM through 2031.
Additionally, numerous end-use industries such as e-Commerce, agriculture, and defence have infinite applications of unmanned aerial systems and drones, as these are being recognized as a potential alternate for various applications that could change the conventional way of performance over the coming years. Further, prior mentioned applications of unmanned aerial vehicles or drones will contribute to air traffic, and require an efficient and safe traffic management system, which eventually propels the appeal for unmanned traffic management equipment over the assessment period.
The foremost objective of the new report by Fact.MR on unmanned traffic management is to pitch insights on the market scenario, demand generators, and technological advancements in this space. The report provides a taxonomy elaborating on key segments. The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, and East Asia holding the bulk of the market share.
Historical Performance Vs. Future Market Outlook
From 2016 to 2020, the global unmanned traffic management system market exhibit steady growth at a CAGR of 14.5%; e-Commerce and defence sector played a major role in driving demand. Valuation of the market elevated from US$ 452.2 Mn in 2016 to US$ 777.6 Mn in 2020.
According to extensive analysis by the team of Fact.MR having expertise in the ICT domain, demand for unmanned traffic management systems will remain on the higher side during the forecast period. Rising application of UAVs and autonomous aerial vehicles over the assessment period will strengthen demand for unmanned traffic management systems. This is attribute to the fact that, infrastructure of unmanned traffic management systems is on rise in a majority of prominent areas. Further, where almost every industry was thumped in FY-2020 during the COVID-19 pandemic, demand for UTM was growing against the flow.
By 2031, the market is presumed to witness immense growth, expected to expand at a CAGR of around 18.0%, along with escalating growth in valuation to US$ 4.8 Bn by 2031. Demand for unmanned traffic management software, unmanned traffic management solutions, and unmanned traffic management services is expected to surge across regions.
What are the Constraints for Unmanned Traffic Management?
Regional governments have several regulations and certifications regarding UAVs and flying vehicles. Governments across the globe have their measures to regulate air traffic and flying zones, which may potentially restrain demand for unmanned traffic management.
Increasing regulations and severe certifications tend to affect the market adversely, resulting in a fall in demand for UAVs across the globe. Reducing demand for UAVs will leads to decrease in air traffic, and proportionally, unmanned traffic management.
This market is an expensive affair; infrastructure requirement in this service is higher. Severe architecture such as radars and navigation systems are extensively deployed to monitor and manage air traffic. As unmanned traffic management is a technological market, it requires continuous and constant flow of research and innovation. Companies in this market need to spend substantially in order to be competent in the market.
Which Region Offers Great Potential for Unmanned Traffic Management?
Globally unmanned traffic management exhibits great potential in North America, specifically in the U.S, which accounted for highest demand owing to high penetration of autonomous aerial vehicles and UAVs. Further, the U.S defense department is giving a push towards unmanned aerial vehicles or drones, which has provided impetus to the thriving demand for unmanned traffic management systems.
Further, Europe is looking like the most lucrative market after North America, due to the deployment of unmanned aerial vehicles or drones across multiple sectors and rise in conventional aircraft. Due to this, air traffic is expected to surge exponentially over the assessment period, which eventually contributes to higher demand for UTM services.
However, the market in East Asia is poised to expand at a CAGR of around 17% over the forecast period. China is the most prominent market presumed to push demand for unmanned traffic management, owing to technological advancements and consistent development of infrastructure, which gives an upper edge to the country. This will bolster growth of East Asia as far as unmanned traffic management is concerned.
Which Unmanned Traffic Management System Accounts for Highest Demand?
Unmanned traffic management systems can be categorized in two types - persistent UTM and non-persistent UTM systems. Persistent UTM supports low altitude operations in an approved flying area. Persistent UTM provides continuous automated coverage to aerial vehicles.
Demand for persistent UTM services is expected to surge over the assessment period, owing to exponentially growing market of unmanned aerial vehicles and drones. There is constantly increasing penetration of unmanned aerial vehicles and drones across multiple sectors due to their wide applicability and high efficiency. Persistent UTM is accounted for maximum demand, since unmanned aerial vehicles and drones find various uses in numerous end-use industries, such as agriculture, surveillance & security, and e-Commerce.
How Big is the Opportunity in Controlled Airspace?
Airspace can be categorized into two types - controlled airspace and uncontrolled airspace. Controlled airspace is the busiest among both since most of air traffic operates in this space. Controlled airspace is presumed to acquire a large chunk of the market share. This is due to the fact that most air space applications are mainstreamed in controlled airspace. Boost provided to controlled space by regional governments will highly cascade the effect to the growth in demand for unmanned aerial vehicles and drones.
Numerous development and innovation initiatives are being taken by some prominent players to make their infrastructure robust for controlled airspace, owing to high penetration and applicability across multiple sectors. As such, there remains a huge opportunity for aerial vehicles and drones for controlled unmanned traffic management airspace.
How Has COVID-19 Impacted Demand for Unmanned Traffic Management?
The COVID 19 pandemic has impacted the global economy with a loss of trillions of dollars in just a few months. More than 100 countries either faced full lockdowns or partial ones, and nearly 200 countries were effected with the coronavirus outbreak. This resulted in global disruption of import and export across borders.
However, the scenario for unmanned traffic management is little bit different; the market was not affected so badly like other sectors, because of the applicability aspect.
Three cases where drones are deployed in response to COVID-19
- Lab samples pick-up & delivery and transportation of medical supplies
- Aerial spraying in context to disinfect contaminated areas
- Monitoring public space and awareness during quarantine
In this environment, modest but progressive tightening of reinsurance capacity that we forecasted at the beginning of the year has been accelerated. It remains to be seen whether the volume of new capital that enters the market between now and the year-end is sufficient to influence market dynamics and improve surveillance, navigation, and communication infrastructure for unmanned traffic management.
Fact.MR has profiled the following prominent unmanned traffic management companies in its report:
- Altitude Angel
- Analytical Graphics, Inc.
- Nova Systems
- Thales Group
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Questions Answered in Report
How will the market expand until 2031?
Fact.MR projects the market to register a CAGR close to 18% by value across the 2021-2031 assessment period. Higher penetration in the UAV and drone industry will bolster growth of unmanned traffic management service providers.
Which country is the most prominent growth contributor?
As per Fact.MR’s projections, the U.S. is expected to hold a pivotal role driving demand for unmanned traffic management. Surge in demand from e-Commerce and agriculture industries is set to be observed across the country.
Which players are prevalent in this landscape?
Prominent players manufacturing unmanned traffic management systems include AirMap, Altitude Angel, Wing, Analytical Graphics, Inc., Delair, Unifly, DJI, Frequentis, Nova Systems, PrecisionHawk, Thales Group, and Leonardo.
Enquiry Before Buying
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Key Market Segments Covered
- Persistent Unmanned Traffic Management
- Non-persistent Unmanned Traffic Management
- Technical Infrastructure Systems
- Communication Infrastructure
- Navigation Infrastructure
- Surveillance Infrastructure
- Spatial Infrastructure
- Human Interface Components
- Unmanned Aircraft Systems
- UAS Registration Systems
- UAS Traffic Management Systems
- Technical Infrastructure Systems
- Controlled Unmanned Traffic Management
- Uncontrolled Unmanned Traffic Management
- Urban Unmanned Traffic Management
- Rural Unmanned Traffic Management
- ATM (Airport) Unmanned Traffic Management
- Drone Operators
- Drone Pilots
- Recreational Users
- Emergency Service Public and Local Authorities
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Unmanned Traffic Management Market- Scope of Report
A recent study by Fact.MR on the unmanned traffic management (UTM) market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of unmanned traffic management systems.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing unmanned traffic management systems, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product developments, revenue generation, and service across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of unmanned traffic management systems during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR has studied the UTM market with detailed segmentation on the basis of type, system, airspace, environment, end user, and key regions.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of value (US$ Mn).
Market estimates at global and regional levels for UTM are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying the potential resources, considering the services in the global unmanned traffic management market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the UTM market during the forecast period.
Country-specific valuation on demand for unmanned traffic management systems has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading players in the unmanned traffic management market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of unmanned traffic management systems has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the unmanned traffic management market. Prominent companies operating in this space include AirMap, Altitude Angel, Wing, Analytical Graphics, Inc., Delair, Unifly, DJI, Frequentis, Nova Systems, PrecisionHawk, Thales Group, and Leonardo.
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