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Unmanned Traffic Management Market Trends

Report ID: GMI5767
Published Date: May 2023
Report Format: PDF

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Unmanned Traffic Management Market Trends

The growing demand for drones in commercial applications is augmenting the market. The rising applications in aerial photography, surveillance, package delivery, infrastructure inspection, and agriculture industries have led to an increased number of drones operating in the air. With the increasing number of drones being deployed across various industries, the need for traffic management & coordination becomes critical to ensure safety and efficiency. The UTM system combines real-time monitoring, maintenance, and collision avoidance technology. These systems track the movements of commercial drones, monitor flight paths, and check for potential conflicts or problems with other drones. UTM systems provide real-time status information, allowing operators to avoid accidents and safely separate drones from pilots’ aircraft.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market valuation of unmanned traffic management was worth more than USD 1 billion in 2022 and is projected to record around 15% CAGR between 2023 and 2032 driven by a network of industry stakeholders, such as drone manufacturers, UTM service providers, air traffic controllers, and government agencies.

The UTM software segment is set to record robust growth from 2023 to 2032 attributed to increasing product demand for various commercial and military applications.

North America held over 40% of the unmanned traffic management industry share in in 2022 and is expected to grow notably through 2032 owing to high R&D investments and the increasing use of drones in military applications.

Airbus SE, AirMap Inc., Altitude Angel Limited, Droniq GmbH, Frequentis, Intelligent Automation (IAI), Leonardo S.P.A., Lockheed Martin Corporation, L3Harris Technologies, Inc., Nova Systems, OneSky Technology Pte. Ltd., Precisionhawk Inc., Terra Drone Corporation, Thales, and Unifly NV.