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Unmanned Traffic Management Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

The market for unmanned traffic management 1. Introduction to Unmanned Traffic Management
As the commercial drone industry has grown in popularity, the concept of unmanned traffic management (UTM) has also grown in popularity. UTM refers to the safe and efficient regulation and management of unmanned aircraft traffic, similar to how traditional air traffic is managed. A UTM system would have to account for the unique characteristics of drones, such as their small size and the fact that they are frequently operated by inexperienced pilots.

There are numerous potential advantages to implementing a UTM system. For starters, it would enable greater integration of drones into the national airspace system. This would allow for more efficient use of airspace, potentially resulting in less airport congestion and delays. A UTM system would also contribute to increased safety by providing a framework for drone operators to follow. This would reduce the likelihood of collisions and other accidents.

Before a UTM system can be implemented, a number of challenges must be overcome. First, better technology to track and communicate with drones is required. Second, a better understanding of how drones are used and the implications of integrating them into the national airspace system is required. Finally, clear regulations must be in place to ensure that drones are operated safely and responsibly.

Despite the difficulties, UTM has a lot of potential to improve the efficiency and safety of drone operations. It is an exciting area of development that will be worth watching in the coming years.

2. Unmanned Traffic Management Market Drivers
As the number of unmanned aircraft systems (UAS) in operation grows, so does the market for unmanned traffic management (UTM). The need for safe integration of UAS into the national airspace system (NAS) and the need for efficient management of UAS traffic are the two primary drivers of this market.

The integration of UAS into the NAS is a difficult task that necessitates the creation of new technology and procedures. The Federal Aviation Administration (FAA) is in charge of NAS safety, and they have been developing a comprehensive plan for integrating UAS into the NAS since 2013. The FAA is collaborating with a variety of partners, including the United States Department of Defense, NASA, and industry, to develop the technology and procedures required to safely integrate UAS into the NAS.

The need for efficient management of UAS traffic is another major driver for the UTM market. The number of UAS in operation is increasing, and the airspace is becoming increasingly congested. The FAA is working on several initiatives to manage UAS traffic, including the development of a UAS traffic management system and the establishment of UAS operation rules and regulations.

As the number of UAS in operation grows and the need for safe and efficient management of UAS traffic becomes more apparent, the UTM market is expected to grow rapidly in the coming years.

3. Unmanned Traffic Management Market Challenges
The market for unmanned traffic management (UTM) is expected to expand significantly over the next decade. However, several obstacles must be overcome before this market can reach its full potential.

1. The absence of a unified regulatory framework

The operation of unmanned aircraft in the National Airspace System is governed by no single regulatory framework (NAS). The Federal Aviation Administration (FAA) is in charge of regulating the NAS, but other government agencies, such as the Department of Defense, the National Transportation Safety Board, and the Federal Communications Commission, also play a role. This jumbled regulatory landscape makes it difficult for UTM providers to develop and deploy their solutions.

2. Limited Access to Airspace:

Another issue for UTM providers is restricted airspace access. The FAA has only designated a small amount of airspace for UAS operations, and the majority of this airspace is in rural areas. This limits UTM providers’ ability to test and deploy their solutions in realistic environments.

3. Inadequate Standardization:

The UAS industry lacks standardisation, making it difficult for UTM providers to develop solutions that can be used with a variety of different UAS platforms. This lack of standardisation also makes transitioning to a UTM system difficult for UAS operators.

4. Unmanned Traffic Management Market Opportunities
The aviation industry is rapidly evolving, and there is an increasing demand for efficient and safe air traffic management. Unmanned Traffic Management (UTM) is a brand-new concept being developed to manage the increasing traffic of unmanned aircraft or drones. UTM has a wide range of potential applications, from commercial to military, and the market for UTM is expected to expand significantly in the coming years.

UTM has four major market opportunities:

1) Drone air traffic management:

Drones are gaining popularity for both commercial and recreational purposes. As the number of drones in the sky increases, so does the demand for a safe and efficient method of managing them. UTM can help with this by establishing virtual airspace lanes and providing drone operators with real-time data. This will help to avoid collisions and ensure that drones are operated safely and responsibly.

2) Infrastructure surveillance:

UTM can track infrastructure such as power lines, pipelines, and roads. This data can be used to improve the upkeep and repair of these critical assets. UTM can also be used to track construction projects and report on traffic congestion and accidents.

3) Reaction to an emergency:

In the event of a natural disaster or other emergency, UTM can be used to coordinate emergency response efforts. UTM can be used to direct rescue efforts by providing information about the location of people and assets.

4) Military purposes:

Military applications for UTM include surveillance, target identification, and battle management. UTM can provide information about enemy forces’ locations and be used to direct military operations.

5. Market Leaders in Unmanned Traffic Management
The unmanned traffic management (UTM) market is expected to grow at a CAGR of 13.2% from USD 6.4 billion in 2019 to USD 12.1 billion by 2024. The growing demand for safe, secure, and efficient management of unmanned aircraft system (UAS) traffic is driving the UTM market forward.

AirMap (US), Leonardo DRS (Italy), Thales Group (France), Harris Corporation (US), Lockheed Martin (US), Northrop Grumman (US), Raytheon Company (US), PrecisionHawk (US), ANRA Technologies (US), Unifly (Belgium), Ike (US), Altitude Angel (UK), and Drone Volt are among the key players in the UTM market (France).

AirMap is ranked first.

AirMap is a leading provider of UAS airspace intelligence and services. The company’s airspace management platform is used by government agencies and businesses all over the world to ensure the safe and efficient integration of unmanned aerial vehicles (UAVs) into the national airspace system. Over 1,000 organisations in more than 65 countries use AirMap’s airspace intelligence products.

Leonardo DRS is ranked second.

Leonardo DRS is a global leader in defence electronics and mission-critical systems. Military, government, and commercial customers all over the world rely on the company’s products and services. Air defence systems, radar systems, night vision products, electronic warfare systems, and intelligence, surveillance, and reconnaissance (ISR) systems are among the products offered by Leonardo DRS.

Thales Group is ranked third.

Thales Group is a global leader in defence and aerospace products and services. Military, government, and commercial customers all over the world rely on the company’s products and services. Air traffic management systems, communications systems, electronic warfare systems, and radar systems are among the products offered by Thales Group.

Harris Corporation is ranked fourth.

Harris Corporation is a global leader in defence and aerospace products and services. Military, government, and commercial customers all over the world rely on the company’s products and services. The Harris Company

6. Market Prospects for Unmanned Traffic Management
The unmanned traffic management (UTM) market is expected to grow at a CAGR of 22.3% from USD 645.4 million in 2019 to USD 1,814.4 million by 2024. Airbus (France), DJI (China), Google (US), Lockheed Martin (US), Northrop Grumman (US), and Thales Group are the major players in the UTM market (France). To further expand their presence in the global UTM market, these players have implemented various growth strategies, such as partnerships, agreements, and collaborations, as well as new product launches.

Given the increasing number of drones and UAS in operation, the need for better airspace management is driving the growth of the UTM market. Another important factor driving market growth is the increasing number of drone regulations and policies. However, a lack of knowledge about UTM technologies among drone users is limiting market growth.

The key application area of UTM is airspace management, which is expected to grow at the fastest CAGR during the forecast period.

The UTM market has been divided into four applications: airspace management, flight information management, flight planning and weather information, and emergency management. During the forecast period, the airspace management segment is expected to grow at the fastest CAGR. Airspace management is a critical application of UTM because it aids in the coordination of various manned and unmanned airspace users. It also aids in the identification of potential conflicts and resource allocation.

During the forecast period, the commercial segment is expected to grow at the fastest CAGR.

The UTM market has been divided into three segments based on end users: commercial, military, and government. During the forecast period, the commercial segment is expected to grow at the fastest CAGR. The increasing use of drones in various commercial applications such as package delivery, surveying and mapping, and photography has contributed to the growth of this segment.

During the forecast period, the Asia-Pacific region is expected to grow at the fastest CAGR.

The UTM market has been divided into three regions: North America, Europe, and Asia-Pacific.

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