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.
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On the basis of the solution, the UTM market is subdivided into communication infrastructure, surveillance infrastructure, navigation infrastructure, and others.
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.
On the basis of the end use, the market is subdivided into agriculture & forestry, surveillance & monitoring, logistics & transportation, and others.
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.
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.
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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.
Leonardo, Harris, Thales Group, Frequentis, Lockheed Martin, Altitude Angel, Airmap, Nova Systems, Unifly, and Precisionhawk are the key players offering unmanned traffic management.
Source: VynZ Research
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