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Unmanned Traffic Management Market To Hit $6.90 Bn By 2032, With A Strong 19.70% CAGR, Vital For Guiding The Drone Revolution.

May 20, 2024 12:51 PM ET

Unmanned Traffic Management Market To Hit $6.90 Bn By 2032, With A Strong 19.70% CAGR, Vital For Guiding The Drone Revolution.

Market Insights-

In 2022, the market for unmanned traffic management (UTM) was estimated to be worth USD 1.1 billion. The Unmanned Traffic Management (UTM) Market industry is expected to increase from USD 1.61 billion in 2024 to USD 6.90 billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 19.70% during the forecast period (2024-2032).

The Unmanned Traffic Management (UTM) market refers to the technology and services related to the management of unmanned aerial vehicles (UAVs) or drones in the airspace. UTM systems are designed to enable safe and efficient operations of drones by providing capabilities such as flight planning, airspace coordination, communication, and collision avoidance.

Key Companies in the Unmanned Traffic Management (UTM) market include –

Leonardo S.p.A. (Italy)

Frequentis (Austria)

Altitude Angel (UK)

L3Harris Technologies Inc. (US)

Skyward (US)

Lockheed Martin Corporation (US)

AirMap Inc. (US)

Nova Systems (Australia)

Thales Group (France)

Unifly (Belgium)

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Regional Analysis-

North America has been at the forefront of UTM development, driven by the growing commercial drone industry and the need for efficient airspace management. The United States, in particular, has made significant progress in UTM research, development, and testing. Several UTM service providers and technology companies have emerged in the region, offering solutions for drone traffic management. The Federal Aviation Administration (FAA) has been actively involved in shaping UTM regulations and standards.

Europe has also made substantial advancements in UTM implementation. The European Union Aviation Safety Agency (EASA) has been actively involved in developing regulatory frameworks and standards for UTM. The region has witnessed the establishment of UTM trials and testbeds, exploring concepts like U-space. Countries like the United Kingdom, France, and Germany have been at the forefront of UTM initiatives, with various public-private collaborations driving the market.

The Asia Pacific region is experiencing significant growth in the UTM market due to the expanding drone industry and increasing interest in advanced airspace management. Countries such as China, Japan, and South Korea are actively investing in UTM infrastructure development. China, in particular, has made substantial progress in UTM implementation, with numerous pilot projects and test sites. The region offers substantial market potential, driven by both commercial and military applications of drones.

Market Segmentation-

Unmanned Traffic Management (UTM) market has been segmented into Component, Type, Technology and vertical.

By Component: Hardware, Service and Software

By Type: Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor, Magnetometer, Humidity Sensor, Temperature Sensor , Touch Sensor , Accelerometer , Gyroscope ,  Flow Sensor

By Technology: Wi-Fi, Bluetooth, ZigBee, NFC, Z-Wave, RFID others

By Vertical: Industrial IoT, Consumer IoT, Commercial IoT

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Unmanned Traffic Management (UTM) Industry Developments –

December 2021Leonardo Electronics announced it would be building a semiconductor device fabrication facility in Oro Valley, Arizona with construction beginning in the first half of 2022.

June 2021Canada’s air navigation service provider NAV CANADA publicly launched the ‘NAV Drone’ application as part of its national RPAS Traffic Management (RTM) platform supplied by Unifly.

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