Press Release Description

An Outlook on the Significant Growth Potential of the Unmanned Traffic Management Services to 2026

The Global Unmanned Traffic Management (UTM) Market is projected to grow at a CAGR of around 23.47% during the forecast period, i.e., 2021-26, says MarkNtel Advisors in their recent research report. Drones are being utilized increasingly in logistics, transportation, & other commercial applications, which has resulted in rapid growth for the UTM industry. Additionally, multiple UAS (Unmanned Aerial Systems) are being deployed to operate beyond Visual Line of Sight (VLOS) at altitudes below 400 feet above ground level by addressing numerous data exchange requirements, operations, & a supporting framework.

Furthermore, UTM services across Europe & North America are anticipated to witness significant expansion & advancements due to the standardization & regulation of automated, regular, & commercial BVLOS operations. In addition to e-commerce, agriculture, & defense sectors, UTMs can benefit numerous industries worldwide and replace the existing air traffic management system (ATM) applicable to unmanned & manned aircraft. It will provide lucrative growth opportunities for the leading companies in the industry over the coming years, further states the research report, “Global Unmanned Traffic Management (UTM) Market Analysis, 2021.”

With Significantly Rising Drone Operations in the US & Canada, North America to Dominate the Market

Of all regions globally, North America is estimated to dominate the Unmanned Traffic Management (UTM) Market over the forecast years, owing primarily to the drastic rise in drone activity. The region is experiencing massive investments in drone BVLOS operations, especially in the US & Canada, from the government & major drone manufacturers, such as AirMap, Lockheed Martin, and Harris Corporation. Moreover, 

Numerous fleet-level UAS applications, including precision agriculture, monitoring of industrial sites, etc., are already in extensive use in the US. Most UTM services in the country generate revenue via direct sales & not subscription services. Hence, the leading players are expanding into adjacent UAS applications & value-added services to boost their sales, thereby driving the regional market.

Persistent UTMs to Dominate the Market through 2026

The exponentially expanding Unmanned Aerial Vehicle (UAV) & drone industries and the surging transportation & logistics activities in developed countries are the prime aspects driving the demand for persistent UTMs that support low altitude operations while providing continuous automated coverage to aerial vehicles. As drones & UAVs, due to their high efficiency, are used extensively for agricultural, healthcare, e-commerce, surveillance purposes, etc., persistent UTMs are gaining swift traction globally, reveals MarkNtel Advisors in their research report, “Global Unmanned Traffic Management (UTM) Market Analysis, 2021.”

Competitive Landscape

According to MarkNtel Advisors, the leading players in the Global Unmanned Traffic Management (UTM) Market include Frequentis, Leonardo Finmeccanica, AirMap, Altitude Angel, Thales Group, Harris Corporation, Skyward IO, Lockheed Martin, Nova Systems, Unifly, PrecisionHawk, and Taiwan Fluoro Technology Co., Ltd.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global Unmanned Traffic Management (UTM) Market?
  2. How has the industry been evolving in terms of geography & service adoption?
  3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Unmanned Traffic Management (UTM) Market?
  5. What are the customer orientation, purchase behavior, and expectations from unmanned traffic management system providers across various regions?

Market Segmentation

  1. By Component (Hardware, Software, Service(Security Services, Flight Services, Information Services))
  2. By Solutions (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure)
  3. By Type (Persistent, Non-persistent)
  4. By End User (Agriculture & Forestry, Logistics & Transportation)
  5. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
  6. By Country (The US, Canada, Mexico, Brazil, Argentina, The UK, Germany, France, Spain, Italy, The Netherlands, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa)
  7. By Competitors (Frequentis, Leonardo Finmeccanica, AirMap, Altitude Angel, Thales Group, Harris Corporation, Skyward IO, Lockheed Martin, Nova Systems, Unifly, PrecisionHawk, Taiwan Fluoro Technology Co., Ltd.)