Unmanned Traffic Management (UTM) Market Research Report Global Forecast till 2027
Unmanned Traffic Management (UTM) Market Research Report - Global Forecast till 2027
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Copyright © 2017 Market Research Future.
Unmanned Traffic Management (UTM) Market Research Report Global Forecast till 2027
1 Summary Global Unmanned Traffic Management (UTM) Market Research Report: Information By Solution (Communication Infrastructure, Navigation Infrastructure Surveillance Infrastructure and Others), End-Use (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring and Others), Component (Hardware, Software and Services), Type (Persistent and Non-Persistent) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027 Unmanned Traffic Management, UTM, Unmanned Traffic Management Industry, UTM Market Size, Unmanned Traffic Management Market Share, Unmanned Traffic Management Market Trends, UTM Market Analysis, Unmanned Traffic Management Market Demand, UTM Market Uses, Unmanned Traffic Management Market, Global UTM
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Copyright © 2017 Market Research Future.
Unmanned Traffic Management (UTM) Market Research Report Global Forecast till 2027
2 Market Overview Global Unmanned Traffic Management (UTM) Market is projected to be valued at USD 4,921.44 Million by 2030, registering a CAGR of 20.21 % from 2020 to 2030. The increasing adoption of drones in logistics & transportation and other commercial applications has significantly contributed to the expansion of the UTM market. Increasing initiatives undertaken by the aviation authorities of countries such as the US for developing advanced traffic management systems is also expected to drive the growth of the market. For example, in Feb 2019, the Federal Aviation Administration (FAA) and the National Aeronautics and Space Administration (NASA) partnered with private companies to develop a cloud-based traffic management system for handling unmanned aerial vehicles (UAV) operating within the national airspace. However, issues related to the vulnerabilities of UTM software modules and the slow certification process might hamper the growth of the market. Regional Analysis: The growing usage of drones for various applications such as packaged delivery services, search & rescue operations, and infrastructure monitoring is expected to contribute to the growth of the UTM market.
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Copyright © 2017 Market Research Future.
Unmanned Traffic Management (UTM) Market Research Report Global Forecast till 2027
3 Pages Segmentation The Communication Infrastructure Segment to Lead the Market: The communication infrastructure segment is estimated to lead the UTM market during the forecast period. The growth of this segment is driven by the increasing adoption of Beyond Line of Sight Operations (BVLOS), which require accurate communication between UTM and drone operators. The Logistics & Transportation Segment to Grow at the Highest CAGR During the Forecast Period from 2020 to 2030: The logistics & transportation segment is estimated to record the highest CAGR during the forecast period. The growth of this segment can be attributed to the increase in the adoption of small drones (below 25 kg in weight) by retail companies and e-commerce companies for delivering goods. The Services Segment to Grow at the Highest CAGR: The services segment is expected to register the highest CAGR during the forecast period from 2020 to 2030. The major focus of unmanned traffic management will be on service providers for providing flight services, information, and security to drone operators. The Persistent Segment to Register the Higher CAGR: The persistent segment of the UTM market is projected to exhibit a higher CAGR during the forecast period from 2020 to 2030. The growth can be attributed to the rising adoption of drones by the medical and e-commerce industries, and the increasing use of drones in logistics & transportation applications to monitor wide geographic areas. Intended Audience • • • • •
Smoothie’s manufacturers Functional foods & beverages industry Raw material suppliers Retailers and wholesaler Traders, importers, and exporters
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Copyright © 2017 Market Research Future.
Unmanned Traffic Management (UTM) Market Research Report Global Forecast till 2027
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Copyright © 2017 Market Research Future.
