Unmanned Traffic Management Market Size & Analysis [2030]

report image

Unmanned Traffic Management Market Forecast to 2030 - COVID-19 Impact and Global Analysis By Type (Persistent UTM and Non-Persistent UTM), Component (Hardware and Software), Application (Communications, Navigation, Surveillance & Monitoring, and Others), and End Use (Agriculture and Forestry, Logistics & Transportation, Surveillance, and Others)

Publication Month: Nov 2022 | Report Code: TIPAD00002268 | No. of Pages: 148 | Category: Aerospace and Defense | Status: Published

The unmanned traffic management market is expected to grow from US$ 867.99 million in 2022; it is estimated to grow at a CAGR of 17.8% from 2022 to 2030.

There is a rising popularity for unmanned aerial vehicles (UAVs) and unmanned aircraft systems (UASs), commonly referred to as drones, across the world. The number of modern UASs and UAVs is increasing in the airspace, supported by advancements in the underlying technology and ancillary functions. The Federal Aviation Administration (FAA) of the US government anticipates the registration of 1.6 million consumer drones and 835,000 small unmanned aircraft systems by 2023. With such exponential growth in the number of drones, especially for recreational and commercial purposes, companies in the UAV industry are striving to introduce technologically advanced products, contributing to the expansion of applications of autonomous aircraft. Chipmakers, such as Texas Instruments and Xilinx, and computing service providers, such as Amazon Web Services and Microsoft, have been contributing to the reinforcement of UAS technologies. In June 2021, Azur Drone, a leading drone-in-a-box solution provider for surveillance and inspection, integrated its Skeyetech system with Microsoft Azure through Azure IoT Hub. Skeyetech solution is operated on several highly sensitive sites worldwide, and its integration with Azure was intended to improve autonomous drone operations, followed by the better utilization of collected data.

Impact of COVID-19 Pandemic on Unmanned Traffic Management Market

The COVID-19 pandemic has shaken several industries in the world due to strict restrictions on the movement of vehicles and humans during the first half of 2020. Air travel bans compelled players in the aviation industry to seize operations, which hampered their revenues. The airport sector also witnessed a stiff decline in passenger count, aircraft movement, and revenue generation. The significant loss in revenues resulted in limited investments by airline operators in traffic management solutions, which hampered the growth of the unmanned traffic management market

Strategic Insights

Report Coverage - Unmanned Traffic Management Market
Report CoverageDetails
Market Size Value inUS$ 867.99 Million in 2022
Market Size Value byUS$ 3,217.40 Million by 2030
Growth rateCAGR of 17.8% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
No. of Pages148
No. of Tables115
No. of Charts & Figures92
Historical data availableYes
Segments coveredType, Component, Application, and End Use
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Lucrative Regions for Unmanned Traffic Management Market

Lucrative Regions for Unmanned Traffic Management Market

Get more information on this report :

Unmanned Traffic Management Market Insight

Increasing Demand for Unmanned Traffic Management Solutions in Logistics Boosts Market Growth

Drones are being used for various commercial applications, such as communications, navigation, surveillance, and monitoring, in North America. Their demand is also rising for last-mile delivery solutions in the e-commerce industry, food delivery services, and medical emergency services, which indicates high growth prospects for unmanned traffic management solution providers in drone-based logistics. Companies engaged in the last-mile and small package deliveries are deploying drones to cut costs and improve operational efficiencies. For instance, Prime Air delivery drones are capable of shipping parcels directly from warehouses to customers within shorter time comparing to other delivery modes. Hence, the growing deployment of drones in the logistics applications is necessitating the demand for unmanned traffic management systems, thereby bolstering the unmanned traffic management market growth.

Unmanned Traffic Management Market - Component Segment Insights

Based on component, the unmanned traffic management market has been segmented into hardware and software. The hardware segment accounted for the largest share in 2021. The rising integration of advanced sensors and telematics in unmanned aerial systems (UAS) contributes to the growth of the market for this segment.

Unmanned traffic management Market, by Component (% Share)

Unmanned traffic management Market, by Component (% Share)

Get more information on this report :

Unmanned Traffic Management Market - End Use Segment Insights

Based on end use, the unmanned traffic management market has been segmented into agriculture & forestry, logistics & transportation, surveillance, and others. The logistics and transportation segment dominates the market in 2021.

Unmanned Traffic Management Market - Application Segment Insights

Based on application, the unmanned traffic management market is segmented into communications, navigation, surveillance and monitoring, and others. The communications segment holds the largest share of the market in 2021.

The market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors.

  • In March 2022, ORKID, a top independent cargo drone rush delivery service provider for enterprises, demonstrated the secure and safe integration of drones into airspace. The company also successfully demonstrated the feasibility of its drones in the beyond visual line of sight (BVLOS) missions. ORKID has partnered with Unifly, a leading unmanned traffic management technology provider, in a series of test operations.
  • In February 2020, the Civil Aviation Authority of Singapore (CAAS) and Airbus signed a Memorandum of Understanding (MOU) to promote urban air mobility (UAM) in Singapore. The partnership aims to bring UAM services and platforms into Singapore's urban environment, enhancing industrial productivity and the country's connectivity.

The unmanned traffic management market is segmented into four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the world. In 2021, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific, respectively.

The key players profiled in the unmanned traffic management market study are Lockheed Martin Corp, Leonardo SpA, Thales SA, Raytheon Technologies Corp, Altitude Angel Ltd, Frequentis AG, AirMap Inc, Unify NV, OneSky Systems Inc, and Thales SA. The market insights provided in the report are likely to help the key players strategize their growth in the coming years.

Frequently Asked Questions

• Advancement in UAS Leading to Increasing Application of UTM.
• Rising Adoption of Drones in Logistics and Supply Chain Management
Integration of AI and ML will be the upcoming trend in the market.
Lockheed Martin Corporation; Leonardo SpA; Thales SA; Raytheon Technologies Corporation; Altitude Angel Ltd.; Frequentis AG; AirMap, Inc; Unify NV; Onesky Systems, Inc.; and Airbus SA.
The UK, the Us, and Germany are the leading countries registering higher CAGR growth.
The US is holding the largest market share in the global market in 2022.

The List of Companies - Unmanned Traffic Management

  1. Lockheed Martin Corp
  2. Leonardo SpA
  3. Thales SA
  4. Raytheon Technologies Corp
  5. Altitude Angel Ltd
  6. Frequentis AG
  7. AirMap Inc
  8. Unify NV
  9. OneSky Systems Inc
  10. Airbus SE
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Unmanned traffic management
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Unmanned traffic management, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
TIPAD00002268
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount