Global Unmanned Traffic Management (UTM) Market – Analysis and Forecast (2018-2024)

Industry Insights by Solution (Communication Infrastructure, Surveillance Infrastructure, Navigation Infrastructure, and Others), by Type (Non Persistent UTM and Persistent UTM), by Component (Hardware Equipment, Services, and Software), and by End Use (Agriculture & Forestry, Surveillance & Monitoring, Logistics & Transportation, and Others)

Status : Upcoming
Report Code : VRAD12007
Available Format : PDF
Industry : Aerospace and Defense

Industry Overview

Unmanned traffic management is a solution designed to facilitate air traffic amongst manned aircraft and drones in order to avoid potential crashes and other dangers. The mounting requirement for drones in logistics & transportation and other commercial applications and necessity of UTM solutions to incorporate autonomous aerial vehicles into commercial airspace are the factors driving the growth of the global unmanned traffic management.

Different solutions such as communication infrastructure, surveillance infrastructure, navigation infrastructure, and others contributed to the unmanned traffic management market size. The market has witnessed a high demand for communication infrastructure segment due to the mounting implementation of Beyond Line of Sight Operations (BVLOS), which demand precise communication amongst UTM and drone operators.

Market Segmentation

Insight by Solution

On the basis of the solution, the market is subdivided into communication infrastructure, surveillance infrastructure, navigation infrastructure, and others. Of all the solutions, the communication infrastructure segment accounted the largest share in the market due to the mounting implementation of Beyond Line of Sight Operations (BVLOS), which demand precise communication amongst UTM and drone operators. In addition, the surveillance infrastructure is expected to grow at the fastest rate in the market.

Insight by Type

On the basis of the type, the market is subdivided into nonpersistent UTM, and persistent UTM. Among both types, the persistent UTM segment is expected to grow at the faster rate in the unmanned traffic management market due to an upsurge in the logistics and transportation activities in developed countries, and mounting implementation of drones by the e-commerce and medical industries.

Insight by End Use

On the basis of the end use, the market is subdivided into agriculture & forestry, surveillance & monitoring, logistics & transportation, and others. The logistics & transportation segment accounted the largest share in the market, due to an upsurge in the acceptance of small unmanned aerial systems by retail and e-commerce companies. In addition, the surveillance & monitoring segment is expected to grow at the fastest rate in the market due to an upsurge in the requirement for constant surveillance and monitoring by small unmanned aerial vehicles in developed countries.

Insight by Component

On the basis of the component, the market is subdivided hardware equipment, services, and software. Of all the components, the service segment accounted the largest share in the market. In addition, the software segment is expected to grow at fastest rate in the market, due to the mounting usage of drones in a variability of tasks, such as search & rescue operations, package delivery services, and infrastructure monitoring. The service segment is further subdivided into security services, information services, and flight services.

Industry Dynamics

Growth Drivers

The mounting requirement for drones in logistics & transportation and other commercial applications, and necessity of UTM solutions to incorporate autonomous aerial vehicles into commercial airspace are the primary growth drivers for unmanned traffic management market.

Escalating demand for the internet of things (IoT), and ADS-B control & tracking of UAS are some of the technologies also facilitating the growth of the unmanned traffic management market.

Challenges

Strict regulations for drone operations by aviation authorities, the susceptibility of UTM software modules, and the expensive and time-consuming process are the major challenges for the growth of unmanned traffic management market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the unmanned traffic management market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America accounted the largest share and is observed to witness the fastest growth in the market, due to the presence of major players in the market. In addition, the surge in drone activity, and an upsurge in assets by government agencies on drones are also driving the growth of the North American unmanned traffic management market.

Competitive Insight

Key players in the unmanned traffic management market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In May 2018, Leonardo has preferred by ENAV, in Italy as an industrial partner for the development of an air traffic control system for unmanned aircraft.

In addition, in February 2018, Lockheed Martin launched VCSi, commercial software which allows operators to control unmanned vehicles and conduct information, and surveillance. Leonardo, Harris, Thales Group, Frequentis, Lockheed Martin, Altitude Angel, Airmap, Nova Systems, Unifly, and Precisionhawk are the key players offering unmanned traffic management.

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