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The objective of the Unmanned Traffic Management Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Unmanned Traffic Management Market.
Market Insights – The Unmanned Traffic Management Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Unmanned Traffic Management Market are-
Airmap, Inc.
Altitude Angel Limited
Analytical Graphics
SZ DJI Technology Co., Ltd.
Frequentis
Harris Corporation
Lockheed Martin Corporation
Nova Systems
Nokia Corporation
Precisionhawk.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Unmanned Traffic Management Market value and growth drivers over the trend period of 2022-27. According to the report -
Unmanned traffic management market is likely to witness an impressive CAGR of 21.2% during the forecast period. The unprecedented growth is owing to the growing employment of drones in logistics & transportation and other commercial applications. The escalating need for UTM solutions to assimilate self-governing aerial vehicles in commercial airspace is another factor significantly contributing to the growth of the global unmanned traffic management market.
Segment Analysis:
Based on Solution Type:
Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. The communication infrastructure segment is expected to remain dominant during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.
Based on Region:
In terms of regions, North America dominated the unmanned traffic management market in 2018, and is estimated to maintain its dominance in the coming five years, driven by the growth in drone activities, rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Unmanned Traffic Management Market?
l How the Unmanned Traffic Management Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Unmanned Traffic Management Market?
l What are the key strategies adopted by the major vendors to lead in the Unmanned Traffic Management Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Unmanned Traffic Management Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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