0

Unmanned Traffic Management Market Expected to Reach $3.1 Billion by 2031

 
2022
Unmanned Traffic Management Market

Report Code : A07169

quote Promising growth rate of the drone market and public and private developments and investments in UTM are expected to drive the unmanned traffic management market during the forecast period. However, privacy and security concerns related to data and technological challenges in implementation of UTM are anticipated to hamper the growth of the market. Moreover, increase demand for improved surveillance and improved government support are expected to offer lucrative opportunities for the market in future. quote

Sonia Mutreja - Manager
Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Unmanned Traffic Management Market," The unmanned traffic management market was valued at $0.78 billion in 2021, and is estimated to reach $3.1 billion by 2031, growing at a CAGR of 15.7% from 2022 to 2031.

North America dominates the market, in terms of revenue, followed by, Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global unmanned traffic management market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; and increase in government support. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of unmanned aerial vehicles or drones across several Asian nations, for instance, China, India, Japan, South Korea, and Australia, among others.

By component, the unmanned traffic management market is segregated into hardware and software. The software segment accounted for the highest revenue in 2020, owing to high demand for unmanned traffic management software, that can enable the development of future-centric unmanned traffic management across the globe.

On the basis of application, the market is bifurcated into agriculture and forestry, logistics and transportation, and surveillance and monitoring. The logistics and transportation segment garnered the highest revenue in 2020, owing to high demand for making suitable ecosystem for the easy usage of drones for logistics and transportation applications.

Depending on end user, the unmanned traffic management market is fragmented into drone operators or pilots, recreational users, airports, and emergency service and local authorities. The drone operators or pilots segment was the highest revenue contributor in 2020, owing to increased demand for unmanned traffic management services by drone operators or pilots.

KEY FINDINGS OF THE STUDY

  • By component, the hardware segment is expected to register a significant growth during the forecast period.
  • On the basis of application, the agriculture and forestry segment is anticipated to exhibit significant growth in future.
  • Depending on end user, the emergency service and local authorities segment is projected to lead the global unmanned traffic management market.
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players operating in the global unmanned traffic management market include Airbus, Altitude Angle, Droniq GmbH, Intelligent Automation (IAI), Leonardo S.p.A., One sky, PrecisionHawk Inc., Thales Group, Terra Drone, and Unifly nv.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Unmanned Traffic Management Market by Component (Hardware, Software), by Application (Agriculture and Forestry, Logistics and Transportation, Surveillance and Monitoring), by End User (Drone Operators or Pilots, Recreational Users, Airports, Emergency Service and Local Authorities): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Unmanned Traffic Management Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers