Unmanned Traffic Management (UTM) Market Scope
Unmanned aircraft system traffic management (UTM) is a traffic management ecosystem for uncontrolled operations that is separate from, but complementary to, FAA's air traffic management (ATM) system. These include aerial photography, precision agriculture, forest fire monitoring, river monitoring, and others. UAVs can provide increased situational awareness, helping to reduce traffic accidents. Drones can also keep an eye on places that are not necessarily dangerous for human employees.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Embention (Spain), Collins Aerospace (United States), Sagetech Avionics (United States), UAvionix Corporation (United States), Inmarsat (United Kingdom), Kongsberg Geospatial (Canada), ONUR (Turkey), Aerobits (Poland), Sunhillo Corporation (United States) and L3Harris Technologies Inc (United states) |
CAGR | % |
Unmanned Traffic Management Market Competitive Landscape Provides Details by Competitor. Details Included Are Company Overview, Company Financials, Revenue Generated, Market Potential, Investment in Research and Development, New Market Initiatives, Global Presence, Production Sites And Facilities, Production Capacities, Company Strengths And Weaknesses, Product Launch, Product Width And Breadth, Application Dominance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Unmanned Traffic Management (UTM) market throughout the predicted period.
Embention (Spain), Collins Aerospace (United States), Sagetech Avionics (United States), UAvionix Corporation (United States), Inmarsat (United Kingdom), Kongsberg Geospatial (Canada), ONUR (Turkey), Aerobits (Poland), Sunhillo Corporation (United States) and L3Harris Technologies Inc (United states) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Unmanned Traffic Management (UTM) market by Type and Region with country level break-up.
On the basis of geography, the market of Unmanned Traffic Management (UTM) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2022, uAvionix has Announced Acquisition by DC Capital Partners, the company has leveraged disruptive technology to emerge at the forefront of the unmanned and general aviation markets. uAvionix was founded with the mission of bringing safety solutions to the unmanned aviation industry.
In January 2023, Inmarst launched a compact satellite terminal to support UAV datalink Communication. A tiny satellite terminal for unmanned aerial vehicles (UAVs) is being developed by Inmarsat and the European Space Agency (ESA) as part of the Iris air traffic modernization program, and In September 2021, Inmarsat launched Velaris, the first global connectivity solution for Unmanned Aerial Vehicles (UAVs). Velaris is powered by Inmarsat’s ELERA satellite network and enables commercial UAVs to fly beyond visual sight. Inmarsat is part of the government-funded Airspace of the Future group that focuses on the integration of UAVs with the wider UK transport ecosystem.
Influencing Trend:
Increasing spending on the creation of cutting-edge software for air traffic control.
Market Growth Drivers:
More private companies are participating
Challenges:
The central control system of the drone can be attacked.
Restraints:
Strick rules and regulations.
Opportunities:
It’s great security and safety for a successful mission.
Key Target Audience
Government Agencies, Raw Material, Governmental Bodies, End User Industry, Customer and Others