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 Attribute | Details |
| No. of Pages | 315 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $791.2 Million |
| Forecasted Market Value (USD) by 2030 | $3300 Million |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | Global |
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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