Unmanned Traffic Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Unmanned Traffic Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Unmanned Traffic Management Market

The unmanned traffic management market size was valued at USD 0.79 billion in 2020, and the market is now projected to grow from USD 0.92 billion in 2021 to USD 3.59 billion by 2028, exhibiting a CAGR of 21.40% during the forecast period of 2021-2028.

As COVID-19 spread across the world in early 2020, technology firms filed to repurchase their products to conflict the pandemic. This reform was declared mostly in the aviation industry, whose firms projected that the pandemic would prove the importance of drones for mapping, testing and service delivery technologies. The COVID-19 pandemic was a worldwide disaster; government institutions have made significant efforts to progress health services, hospital infrastructure, and basic medical care universally.

Developments in air traffic management due to border arguments will motivate the demand for unmanned traffic management globally. Further, the rising obtaining of next-generation military drones from military forces and the necessity for law enforcement communication systems will drive the unmanned traffic management market growth during the prediction period.

The implementation of 5G mobile cellular network technology is extensively growing in numerous end-use industries as it deals great benefits over conventional technology. This technology also supports to augment drone industry operations. The industry is observing for a Federal Aviation Administration (FAA) and Federal Communications Commission (FCC)-approved communications network with an enhanced functionality required for safe commercial drone operations. The fifth generation technology embraces the potential of unlocking scalable, economically feasible drone operations.

Comprehensive Analysis of Unmanned Traffic Management Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, by brands and by packaging type. Based on type, this market is segmented into persistent and non-persistent. Based on components, the market is divided into software, hardware, and services. Based on solution, this market is segmented into communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. Based on end-use, the market is fragmented into agriculture & forestry, logistics & transportation, surveillance & monitoring, and others.

North America region is dominating the unmanned traffic management market share due to strong policies of prominent stakeholders.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Frequentis (Austria), Leonardo S.p.A. (Italy), Thales Group (France), L3Harris Technologies Inc (U.S.), Lockheed Martin Corporation (U.S.), Airbus SE (France), Raytheon Technologies Corporation (U.S.), Unifly (Belgium), PrecisionHawk (U.S.), Altitude Angel Limited (U.K.) new technology so that they can maintain and improve their existing market.

In Dcember 2021, DroneUp announced that it acquired the digital airspace and automation company, AirMap, Inc. The acquired company offers an Unmanned Aircraft System Traffic Management service, which will benefit DroneUp’s network of pilots and growing ground infrastructure.

Segmentation Table

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD Billion)

By Type

Persistent

Non-Persistent

SegmentationBy Component

Hardware

Software

Services

By Solution

Communication Infrastructure

Navigation Infrastructure

Surveillance Infrastructure

Others

By End-Use

Agriculture & Forestry

Logistics & Transportation

Surveillance & Monitoring

Others

By Geography

North America (Type, Component, Solution, End-Use, and Country)

U.S. (By Type)

Canada (By Type)

Europe (Type, Component, Solution, End-Use, and Country)

U.K. (By Type)

Germany (By Type)

France (By Type)

Russia (By Type)

Rest of Europe (By Type)

Asia Pacific (Type, Component, Solution, End-Use, and Country)

Japan (By Type)

China (By Type)

India (By Type)

Australia (By Type)

Rest of Asia Pacific (By Type)

Rest of the World (Type, Component, Solution, End-Use, and Country)

Latin America (By Type)

Middle East & Africa (By Type)


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