Global Unmanned Traffic Management (UTM)

Global Unmanned Traffic Management (UTM) Market Research Report: Forecast (2021-2026)

By Component (Hardware, Software, Service(Security Services, Flight Services, Information Services)), By Solutions (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure Read more

  • ICT & Electronics
  • Aug 2021
  • 223
  • IT55037

Market Definition

A UTM is an automated workflow process that provides safe, efficient, and reliable flight operations, from preparation to monitoring, ensuring separation assurance, and handling collisions. Additionally, UTM operations are conducted below Visual Lines of Sight (VLoS) in low-altitude airspace. As UTM plays an increasingly important role in ensuring drone & aircraft safety, its popularity & importance is immensely growing worldwide. Moreover, drones are expected to positively influence the development of UTM systems in the coming years since they are becoming widespread across several sectors, including delivery, agriculture, surveillance, & security. Many countries are currently participating in the development and testing of this technology.

Market Insights

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. Due to the growing use of drones in logistics, transportation, and other commercial applications, the market is expecting unprecedented growth in the coming years. Furthermore, UTM services are expected to expand in Europe and North America, owing to the favorable standards & regulations that would enable automated, regular, & commercial BVLOS operations. As a result, UTM services will become more sophisticated, and their greater demand is likely in the coming years. Furthermore, numerous data exchange requirements, operations, and a supporting framework are being addressed collectively to enable multiple UAS to operate beyond VLOS at altitudes below 400 feet above ground level.t.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 23.47%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Netherlands
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil, and Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled Frequentis, Leonardo S.p.A., AirMap, Altitude Angel, Thales Group, Harris Corporation, Skyward IO, Lockheed Martin, Nova Systems, Unifly, PrecisionHawk, TAIWAN FLUORO TECHNOLOGY CO., LTD.
Unit Denominations USD Million/Billion

 

Moreover, the emergence of new regulations for UTM systems and the increased use of drones are other crucial factors driving the global market through 2026. Additionally, the UTM system will replace the current air traffic management system (ATM) that applies to manned & unmanned aircraft alike, which is why growing businesses will have several opportunities in the years to come.

Additionally, the market for UAVs & autonomous aerial vehicles has been booming across different industries, further contributing to the market's growth. Furthermore, manned aerial systems & drones can be benefitted from numerous end-user industries, including e-commerce, agriculture, and defense. These are acknowledged as alternative methods of performing in the future, which offer multiple advantages.

Impact of COVID-19 on the Global Unmanned Traffic Management (UTM) Market

The advent of Covid-19 in 2020 severely affected millions of businesses worldwide, with significantly decreased revenues, which began to increase gradually in 2021. Despite the pandemic, the Global Unmanned Traffic Management (UTM) Market was minimally impacted. Furthermore, the US suffered the least from the pandemic, while Asia-Pacific & South America were the most affected due to supply chain disruptions & operational problems.

Nevertheless, amidst the pandemic, the market witnessed an increasing demand for drones for purposes like transportation of medical supplies & lab samples. Furthermore, drones were used by the defense sector to broadcast messages & inform people, especially in backward areas, about the lockdown & the various measures they should take. In addition, these drones were also used for monitoring public spaces during quarantine periods and disinfecting contaminated areas with aerial sprays. In spite of these challenges, drones proved vital during the pandemic and positively influenced the growth of the UTM market.

Global Unmanned Traffic Management (UTM) Market Research Report: Forecast (2021-2026)

Market Segmentation

Based on Type:

  • Persistent UTM
  • Non-persistent UTM

Among the two, the demand for Persistent UTMs is expected to grow at the fastest rate in the Global Unmanned Traffic Management (UTM) Market. It owes primarily to the exponentially expanding industry of Unmanned Aerial Vehicles (UAVs) & drones and the increasing transportation & logistics activities across countries like Switzerland, the UK, & the US. Persistent UTMs assist in low altitude operations in an approved flying area while offering continuous automated coverage to aerial vehicles. As drones & UAVs are used increasingly for medical, agricultural, e-commerce, surveillance, security purposes, etc., due to their extensive applicability & high efficiency, persistent UTMs are gaining immense popularity worldwide.

Moreover, drones are also in high demand in the commercial market & the industrial sector for applications like vehicle traffic monitoring and searching & delivery services. Consequently, these aspects contribute significantly to the exponentially growing demand for persistent UTMs. On the other hand, the demand for non-persistent UTMs is also likely to surge substantially during the forecast period due to their ability to be moved between geographical regions for operations such as public safety & precision agriculture.

Based on End User:

  • Agriculture & Forestry
  • Logistic & Transportation
  • Surveillance & Monitoring

Here, the Logistics & Transportation sector is anticipated to dominate the market in the coming years. The prime factor contributing to the market around this sector is the increasing number of e-commerce & retail and their use of small Unmanned Aerial Systems (UAS), i.e., below 25 kg in weight. In addition, Surveillance & Monitoring are anticipated to register the fastest revenue growth in the future, owing to the burgeoning use of small UAVs for monitoring purposes in both developed & developing countries.

Regional Landscape

Based on Region:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Of all regions globally, North America is estimated to dominate the Unmanned Traffic Management Market during 2021-26, owing to the rising drone activities, the increase in government funding for drones, and the extensive presence of the leading companies like AirMap, Lockheed Martin, and Harris Corporation across the region. Moreover, the surging use of UAVs & drones by the US defense department, coupled with massive investments in developing UTM systems, are other crucial aspects contributing to the regional market growth.

On the other hand, Europe is expected to account for the second-highest revenue share over the next few years, primarily due to the mounting deployment of UAVs & drones across different sectors, coupled with the rapid rise in conventional aircraft in the region. With this, air traffic is expected to surge exponentially over time, which, in turn, would contribute to the significant demand for UTM services in the coming years.

Recent Developments by the Leading Companies

  • In February 2022, Altitude Angel announced it would integrate aerospace data into Ordnance Survey's planning platform, which is one of the world's foremost geospatial experts. 
  • In January 2022, the Aeronautical Armaments & Airworthiness Directorate (DAAA) signed a contract to provide aerospace logistic support for Italy's C-130J Super Hercules fleet. In an agreement for five years, Leonardo, Avio Aero, and Lockheed Martin Aeronautics will provide the Italian Air Force with 380 million euros in services.
  • In November 2021, DroneUp announced to partner with Walmart to deliver drone items from drone airports or hubs.

Market Dynamics

Key Driver: Growing Demand for UAVs Worldwide

The momentum of Unmanned Aerial Vehicles (UAVs) is expected to continue to grow over the forecast period, with more than 22 nations partnering with UTM service providers to build a national UTM system, which, in turn, would drive the Global Unmanned Traffic Management (UTM) Market during 2021-26. In addition to the growing introduction of UTM elements, this will spur the growth of the overall market. UTMs are used as an integrated service by drone operators across several countries, such as Canada, the United States, and Australia, rather than being seen as a standalone feature operated by someone else. Moreover, the incr

easing demand for drones in multiple applications like construction monitoring, insurance investigation, monitoring of fires, and retail fulfillment, among others, is another crucial aspect projected to drive the market in the coming years.

Possible Restraint: Stringent Laws & Regulations Imposed by Aviation Authorities

Governments of different countries worldwide have imposed several regulations & certifications regarding UAVs & drones, along with different measures to regulate air traffic & flying zones, i.e., the prime aspect that may potentially restrain the Global Unmanned Traffic Management (UTM) Market during 2021-26. Increasing regulations & severe certifications have a tendency to decline the demand for UAVs and decreased air traffic. As a result, it would reduce the demand for unmanned traffic management services, thereby hampering the market growth.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Unmanned Traffic Management (UTM) Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Unmanned Traffic Management (UTM) Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Unmanned Traffic Management (UTM) Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Unmanned Traffic Management (UTM) Market study?

Frequently Asked Questions

A. The Global Unmanned Traffic Management (UTM) Market is projected to grow at a CAGR of around 23.47% during 2021-26.

A. Persistent UTMs are anticipated to emerge as an opportunity area for the leading players in the Global Unmanned Traffic Management (UTM) Market during the forecast period.

A. The changing regulatory framework for drone operations and the rising participation by private companies are the key growth opportunities projected to drive the Global Unmanned Traffic Management (UTM) Market growth during 2021-26.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition  
  2. Executive Summary
  3. Impact of COVID-19 on Global Unmanned Traffic Management (UTM) Market
  4. Global Unmanned Traffic Management (UTM) Market Regulations & Policy
  5. Global Unmanned Traffic Management (UTM) Market Trends & Insights
  6. Global Unmanned Traffic Management (UTM) Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Unmanned Traffic Management (UTM) Market Hotspots & Opportunities
  8. Global Unmanned Traffic Management (UTM) Market Startup Ecosystem
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture
      4. Others
  9. Global Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
        1. Hardware
        2. Software
        3. Service
          1. Security Services
          2. Flight Services
          3. Information Services
      2. By Solution
        1. Communication Infrastructure
        2. Navigation Infrastructure
        3. Surveillance Infrastructure
      3. By Type
        1. Persistent UTM
        2. Non-Persistent UTM
      4. By End-User
        1. Agriculture & Forestry
        2. Logistics & Transportation
        3. Surveillance & Monitoring
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East and Africa
      6. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  10. North America Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Solution
      3. By Type
      4. By End-User
      5. By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. The U.S. Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    4. Canada Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    5. Mexico Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
  11. Latin America Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Solution
      3. By Type
      4. By End-User
      5. By Country
        1. Brazil
        2. Argentina
    3. Brazil Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    4. Argentina Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
  12. Europe Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Solution
      3. By Type
      4. By End-User
      5. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Spain
        5. Italy
        6. The Netherlands
        7. Others
    3. The U.K. Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    4. Germany Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    5. France Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    6. Spain Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
        2. By Solution
        3. By Type
      2. Market Share & Analysis
        1. By Type
        2. By Technology
    7. Italy Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    8. The Netherlands Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
  13. Asia-Pacific Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Solution
      3. By Type
      4. By End-User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Others
    3. China Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    4. India Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    5. Japan Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    6. South Korea Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    7. Australia Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
  14. Middle East and Africa Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Solution
      3. By Type
      4. By End-User
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
    3. UAE Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    4. Saudi Arabia Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
    5. South Africa Unmanned Traffic Management (UTM) Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Solution
        2. By Type
  15. Global Unmanned Traffic Management (UTM) Market Key Strategic Imperatives for Success and Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Frequentis
      2. Leonardo S.p.A.
      3. AirMap
      4. Altitude Angel
      5. Thales Group
      6. Harris Corporation
      7. Skyward IO
      8. Lockheed Martin
      9. Nova Systems
      10. Unifly
      11. PrecisionHawk
      12. TAIWAN FLUORO TECHNOLOGY CO., LTD
  17. Disclaimer
Global Unmanned Traffic Management (UTM) Market Segmentation