Visiongain Publishes Unmanned Traffic Management (UTM) Market Report to 2031
24 March 2021
Visiongain has published a new report on Unmanned Traffic Management (UTM) Market Report to 2031: Forecasts by Type (Persistent and Non-Persistent), by Component (Hardware, Software, and Services), by Solution (Communication Infrastructure, Navigation Infrastructure, and Surveillance Infrastructure), and by End Use (Agriculture & Forestry, Logistics & Transportation, and Surveillance & Monitoring). PLUS, Profiles of Leading Unmanned Traffic Management (UTM) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Unmanned Traffic Management (UTM) market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Unmanned Traffic Management (UTM) Market
With the rise in online shopping of all essential and non-essential goods in the wake of coronavirus pandemic, the demand for untouched deliveries has grown at an exponential rate. This is expected to directly push the growth of UTM market over the forecast timeframe.
Increasing Partnerships on Investment Between Government Agencies and Private Players
Unmanned Traffic Management (UTM) systems are sold to governments and municipalities to help manage multiple fleets of unmanned aerial systems (UAS), along with the interface between drones and manned aircraft functioning in close proximity with each other.
Like commercial aviation in its initial phases, the UAS and UTM market is quite open for potential players to capture a significant share in the market. Companies and government bodies are working together to establish regulations and standards, which is anticipated to propel the demand for Unmanned Traffic Management (UTM) over the forecast timeframe.
Rising Need for Drones in Logistics & Transportation and Other Commercial Applications
The growth of Unmanned Traffic Management (UTM) market can be credited to the growth in the implementation of small unmanned aerial systems (UAS) which usually weigh below 25 kg by e-commerce and retail companies.
Rising Participation of Private Companies
In the United States, agencies such as the Federal Aviation Administration (FAA), NASA, and other federal partner agencies, and private industry players are work together to discover the plans of operation, information exchange needs, and a supportive background to allow several beyond visual line-of-sight drone operations at low elevations (under 400 feet above ground level in skies), where FAA air traffic services are not provided.
The development of UTM is expected to ultimately identify the roles and responsibilities, data exchange protocols, information architecture, and performance requirements for enabling the control of low-elevation drone operations. This is projected to drive the growth of UTM market over the forecast timeline.
Requirement of UTM Solutions to Integrate Autonomous Aerial Vehicles into Commercial Airspace
The world is witnessing a huge rise in growth for UAS unmanned aerial systems, and their number is expected to increase considerably over the years. This calls for plan of action to manage UAS with already present commercial aircraft ecosystem. NASA’s Ames Research Centre in California’s Silicon Valley is planning to create a research ecosystem that will help in managing the growing number of drones flying at low altitudes. The objective is to integrate UAS securely and proficiently into air traffic that is already flying in low-altitude skies.
Some of the companies profiled in the report include Leonardo, Frequentis, Altitude Angel, Harris, Skyward IO, Lockheed Martin, Airmap, Nova Systems, Thales Group, Unifly.
• In November 2020, Thales Group announced to enable advanced drone operations in North Dakota
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