Unmanned Traffic Management Market Size, Share, By Component [Software (Flight Planning, Fleet Operation, and Management, Data Capture, and Others) Hardware, and Services (Security Services, Flight Services, and Information Services)], By Type (Persistent

Unmanned Traffic Management Market Size, Share, By Component [Software (Flight Planning, Fleet Operation, and Management, Data Capture, and Others) Hardware, and Services (Security Services, Flight Services, and Information Services)], By Type (Persistent, and Non Persistent), By Application, By End User and By Region - Trends, Analysis and Forecast till 2034

Increasing drone activities in developed countries for commercial and military applications are augmenting the target market growth. Additionally, the growing adoption of drones in various sectors, such as agriculture, logistics, and emergency services, has created a need for effective unmanned traffic management (UTM) systems, boost the growth of the target market. The demand for UTM solutions to manage airspace safely and efficiently is growing as drones are increasingly used for commercial purposes.

Report Highlights:

• In 2023, unmanned traffic management market was estimated to be worth USD 876.61 Million.
• By 2034, the target market is expected to grow to USD 6120.3 Million.
• Target market is expanding at a CAGR of 23.8%.
• North America held the largest share of the market in 2024.
• Europe is projected to be the fastest-growing market in the coming years.
• By component, software dominate the target market growth
• By type, persistent segment holds the largest share of the market.
• By application, communication segment is expected to dominate the target market growth.
• By end-user, aviation segment holds the largest share of the market.

Key Highlights:

• In July 2024, Airbus UTM is building digital air traffic management solutions for the next age of aviation. Airbus UTM teams design, develop and build the enabling infrastructure necessary to allow existing aircraft to continue operating in lower airspace and future vehicles, including delivery drones and air taxis.
• In May 2024, Unifly, a key player in the Unmanned Aircraft System Traffic Management (UTM) technology landscape, announced its collaboration with Terra Drone Corporation and Aloft Technologies Inc. in the development of a global UAS Traffic Management (UTM) infrastructure that kickstarts the Advanced Air Mobility (AAM) industry worldwide.

Report Analysis:

For instance, according to the research report published by Coptrz, the Drone Experts, in September 2024, highlighted the most recent news from the Connected Places Catapult on their Unmanned Traffic Management (UTM) Project is particularly intriguing, as it has the potential to significantly open up a wide range of industries to commercial drone use, and pave the way for routine drone use for a variety of purposes.

A new drone-based project in the U.K., described by many as ‘groundbreaking’ could pave the way to commercial drone operations. The project is looking to build and subsequently show how Open-Access UTM (Unmanned Traffic Management) capabilities could allow drone operation below 400 feet to operate in the U.K. and all across the world.

The project is a Connected Places Catapult and is a collaboration between national and international players in the drone sector to help create an Open-Access Unmanned Traffic System framework for drones that would be world-leading and first of its kind.

Browse ∼50 market data tables and ∼45 figures through ∼189 slides and in-depth TOC on “Unmanned Traffic Management Market Size, Share, By Component (Software, Hardware, and Services), Type (Persistent and Non Persistent), Application (Communication, Navigation, Surveillance & Monitoring, and Others), End-User (Agriculture, Aviation, Homeland Security, Commercial, Government, and Others), and Region - Trends, Analysis, and Forecast till 2034”

Unmanned Traffic Management Market Competitive Landscape:

The major players operating in the unmanned traffic management market are Altitude Angel, Thales, AIRBUS, Frequentis, Unifly, OneSky, Leonardo S.p.A., L3Harris Technologies, Inc., Lockheed Martin Corporation, NovaSystems, PrecisionHawk, asteria.co.in., Idea Forge Technology Ltd., and Aloft Technologies Inc.