A recent report from Allied Market Research entitled “Unmanned Traffic Management Market” analyzed the industry based on its components (hardware, software), applications (agriculture and forestry, logistics and transportation, surveillance and monitoring), and end-users (drone operators or pilots, recreational users, airports, emergency services, and local authorities). The report found that the global unmanned traffic management market was valued at $0.78 billion in 2021 and is predicted to grow at a CAGR of 15.7% from 2022 to 2031, ultimately reaching a total value of $3.1 billion by 2031.

Drivers, restraints, and opportunities

The global unmanned traffic management market is driven by a surge in demand for improved surveillance, an increase in product launches and partnerships, and growth in the drone market. However, market growth is hindered by strict drone regulations and technological challenges in the implementation of UTM. On the other hand, the rise in demand for drones in commercial applications and the support of governments create new opportunities for growth in the future.

Covid-19 scenario: 

Due to the Covid-19 pandemic, many governments implemented strict lockdown measures and bans on the import and export of raw materials. As a result, there was a sudden decrease in the availability of important components needed for manufacturing unmanned traffic management systems. Prolonged lockdowns also forced manufacturing facilities to completely shut down their operations, resulting in delays in the development of advanced unmanned traffic management services.

The software segment held the largest share

In 2021, the software segment held the largest share, accounting for more than 90% of the global unmanned traffic management market due to the high demand for software that enables the development of future-focused unmanned traffic management systems worldwide. However, during the forecast period, the hardware segment is expected to register the highest CAGR of 17.4%, driven by the increased demand for superior sensing, communication, and data transfer devices in UAVs globally.

The market was dominated by the surveillance and monitoring segment

The surveillance and monitoring segment contributed to nearly three-fourths of the global unmanned traffic management market in 2021, making it the largest application segment. This is due to the high demand for systems that can accurately monitor and survey UAVs. However, the agriculture and forestry segment is expected to grow at the highest CAGR of 18.9% from 2022 to 2031, owing to the increasing deployment of UAVs in the agriculture sector worldwide.

North America held the largest share

In 2021, North America dominated the global unmanned traffic management market by region, accounting for almost 40% of the market share, due to the increase in R&D activities, technological advancements by major players, and government support. However, during the forecast period, the market in the Asia-Pacific region is expected to exhibit the highest CAGR of 17.9%, owing to the growing adoption of unmanned aerial vehicles or drones across various Asian countries, such as China, India, Japan, South Korea, and Australia, among others.

The major players operating in the global unmanned traffic management market are Airbus, Altitude Angel, Droniq GmbH, Intelligent Automation (IAI), Leonardo S.p.A., One Sky, PrecisionHawk Inc., Thales Group, Terra Drone, and Unifly NV. 

For more information visit Unmanned Traffic Management Market.

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