Unmanned Traffic Management (UTM) Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Unmanned Traffic Management (UTM) Market size was estimated at USD 0.80 billion in 2024 and is projected to reach USD 4.46 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 33.01% during the forecast period. The market growth is attributed to the increasing use of unmanned aircraft or drones across various sectors globally. Sectors such as the military, agriculture, forestry, etc., have been extensively deploying UAVs (Unmanned Aerial Vehicles) for their specific operations. With this, the air traffic has been increasing tremendously necessitating the need for reliant and efficient air traffic management systems.
Markntel Advisor’s Unmanned Traffic Management (UTM) Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Unmanned Traffic Management (UTM) Market drivers, barriers, Unmanned Traffic Management (UTM) Market Trends, and Key Players in Unmanned Traffic Management (UTM) Market.
Get Free Sample Report as previous we are using: https://www.marknteladvisors.com/query/request-sample/unmanned-traffic-management-utm-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Unmanned Traffic Management (UTM) Market Dynamics: 2024-2030
Unmanned Traffic Management (UTM) Market Driver:
Increasing Defense Budgets of Governments Proliferating Global Unmanned Traffic Management (UTM) Market –Governments worldwide have been offering huge defense budgets to strengthen their defense sector in their countries. Amidst growing geopolitical tensions and warfare situations, countries such as the US, India, China, Japan, etc., have been successfully focused on surging their defense sector growth and power. Moreover, concerns related to national security have been leading the government bodies to implement several defense systems and leading military operations to purchase new, advanced, and efficient war supplies. This has led to a drastic increase in defense spending, thereby surging the purchase of unmanned aerial vehicles. For Instance,
In 2022, the Indian Army has launched a series of fast-track drone procurement efforts with a spending of around USD36 million for each program.
This increasing procurements of UAVs has been surging the use of drones for defense missions, hence driving the demand for robust UTM systems to ensure the safe and efficient use of airspace including areas of conflict or forbidden areas. Advanced UTM systems with communication, navigation, and surveillance capabilities empower military operators to monitor and control several UAVs at a time. This, therefore, helps them react appropriately to emerging threats or altering conditions, thereby driving their adoption in military operations, hence driving market growth.
Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/unmanned-traffic-management-utm-market.html
Unmanned Traffic Management (UTM) Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Component
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Radar System- Market Size & Forecast 2019-2030, USD Million
- Navigation System- Market Size & Forecast 2019-2030, USD Million
- Automation System- Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
- Flight Planning- Market Size & Forecast 2019-2030, USD Million
- Fleet Operation- Market Size & Forecast 2019-2030, USD Million
- Data Capture- Market Size & Forecast 2019-2030, USD Million
- Others (Traffic Information, Emergency Management, etc.) – Market Size & Forecast 2019-2030, USD Million
- Services – Market Size & Forecast 2019-2030, USD Million
- Security Services- Market Size & Forecast 2019-2030, USD Million
- Flight Services- Market Size & Forecast 2019-2030, USD Million
- Information Services- Market Size & Forecast 2019-2030, USD Million
- By Solution
- Communication Infrastructure- Market Size & Forecast 2019-2030, USD Million
- Navigation Infrastructure- Market Size & Forecast 2019-2030, USD Million
- Surveillance Infrastructure- Market Size & Forecast 2019-2030, USD Million
- By Type
- Persistent UTM- Market Size & Forecast 2019-2030, USD Million
- Non-Persistent UTM- Market Size & Forecast 2019-2030, USD Million
- By Application
- Agriculture & Forestry- Market Size & Forecast 2019-2030, USD Million
- Logistics & Transportation- Market Size & Forecast 2019-2030, USD Million
- Surveillance & Monitoring- Market Size & Forecast 2019-2030, USD Million
- By End User
- Government- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Hardware- Market Size & Forecast 2019-2030, USD Million
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Unmanned Traffic Management (UTM) Market:
- Frequentis AG
- Leonardo S.p.A.
- Raytheon Technologies Corporation
- Thales Group
- Honeywell
- Airmap Inc
- DJI Technology
- Unifly NV
- Altitude Angel Limited
- Airbus SE
- Anra Technologies
- OneSky Systems Inc.
- Indra Sistemas
- Aloft Technologies
- Alphabet
- Others
Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
About Us –
We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Contact Us –
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
