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Unmanned Traffic Management Market Size

Report ID: GMI5767
Published Date: May 2023
Report Format: PDF

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Unmanned Traffic Management Market Size

Unmanned Traffic Management (UTM) Market size valued at USD 1 Billion in 2022 and is anticipated to grow at a 15% CAGR between 2023 and 2032. Driven by a network of industry stakeholders including drone manufacturers, UTM service providers, air traffic controllers, and government agencies. Standardization efforts and commercial cooperation contribute to the development of interoperable UTM systems and provide a good approach to UAV operations in the region.

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Unmanned Traffic Management (UTM) refers to the methods & technologies developed to control Unmanned Aerial Vehicles (UAVs) or drones operating in the air. It includes the integration of drones into the existing air systems, drone coordination, and the creation of rules & regulations for safety and efficiency.

Unmanned Traffic Management Market Report Attributes
Report Attribute	Details
Base Year:	2022
Unmanned Traffic Management Market Size in 2022:	USD 1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15%
2032 Value Projection:	USD 5 Billion
Historical Data for:	2018 - 2022
No. of Pages:	200
Tables, Charts & Figures:	326
Segments covered:	Component, Type, Application, End Use
Growth Drivers:	Increasing demand for improved surveillance Growing demand for drones in commercial applications Implementation of advanced technologies Increasing developments and investments in unmanned traffic management by the private & public sectors
Pitfalls & Challenges:	Privacy and security concerns High cost and low return on investment

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The proliferation of UAVs raises concerns about privacy invasion and potential security threats. UTM systems need to address these concerns by establishing guidelines for data collection, storage, and usage. Cybersecurity measures need to be implemented to protect UTM systems from unauthorized access and potential threats. These factors can hinder market growth.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market valuation of unmanned traffic management was worth more than USD 1 billion in 2022 and is projected to record around 15% CAGR between 2023 and 2032 driven by a network of industry stakeholders, such as drone manufacturers, UTM service providers, air traffic controllers, and government agencies.

The UTM software segment is set to record robust growth from 2023 to 2032 attributed to increasing product demand for various commercial and military applications.

North America held over 40% of the unmanned traffic management industry share in in 2022 and is expected to grow notably through 2032 owing to high R&D investments and the increasing use of drones in military applications.

Airbus SE, AirMap Inc., Altitude Angel Limited, Droniq GmbH, Frequentis, Intelligent Automation (IAI), Leonardo S.P.A., Lockheed Martin Corporation, L3Harris Technologies, Inc., Nova Systems, OneSky Technology Pte. Ltd., Precisionhawk Inc., Terra Drone Corporation, Thales, and Unifly NV.