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Classified in: Transportation, Science and technology
Subject: SVY

Global UAS Traffic Management (UTM) System Market to Reach $5.49 billion by 2031; BIS Research Study Highlight


FREMONT, Calif., March 3, 2021 /PRNewswire/ -- The global UAS traffic management (UTM) system market is projected to reach $5.49 billion by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 17.13% between 2021 and 2031. 

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There are certain applications for which Beyond Visual Line of Sight (BVLOS) operations are highly beneficial, including rescue, package delivery, inspection, and border patrol. In military and government applications, the drones already fly in the BVLOS range, while in commercial applications, the BVLOS operations are yet to commence by 2021. In most countries, BVLOS flights, as of now, are not permitted, or they are highly regulated.

According to Federal Aviation Administration (FAA), in 2019, numerous applications emerged regarding BVLOS operations in FAA. The increasing need for BVLOS operations is making it necessary for the industry to introduce and deploy unmanned or UAS traffic management (UTM) systems.

The detailed study is a compilation of 54 Market Data Tables and 63 Figures spread through 236 Pages and an in-depth TOC on Global UAS Traffic Management (UTM) System

The comprehensive study of the global UAS traffic management (UTM) system market extensively covers the following:

Who should buy this report?

The BIS Research study on UTM systems also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, value chain analysis, potential application areas, and regional overview. 

The research indicates that the potential demand for UAS traffic management (UTM) system has been increasing, which is due to the growing drone operations for beyond-visual-line-of-sight (BVLOS) and increasing deployment of drones for commercial and civil applications.

Further, the report highlights various emerging opportunities such as the potential opportunities for key stakeholders in the ecosystem as well as the demonstrations and other inorganic strategies that the key players are engaged in, so as to showcase the UTM service capabilities.  

View BIS Research Report: Global UAS Traffic Management (UTM) System Market

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include segregation on the basis of application, and region to compile an in-depth study. 

Nilopal Ojha, Lead Analyst ? BIS Research, states, "The unmanned industry has witnessed significant growth, and this is due to the increasing number of drones being deployed for various commercial applications such as precision agriculture, inspection, and package delivery. Therefore, a UTM system is required to enable BVLOS drone operations and safely integrate them in the airspace."

Request for a Sample: https://bisresearch.com/requestsample?id=1069&type=download

Key insights and data triangulation have been produced from in-depth interviews with leaders of the leading companies and market participants. The key players profiled in the report include AirXOS, Unifly, Altitude Angel, Skyward.io, OneSky, DeDrone, DJI Innovation, Kitty hawk, Precision Hawk, vHive, Airbus, Thales, Leonardo Company, SRC Inc., and AirMap, among others.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.

How can market intelligence on UAS traffic management (UTM) system add value to an organization's decision-making process?

Insightful Questions Covered to Enable Companies take Strategic Decisions

BIS Research Related Market Studies:

Global Urban Air Mobility (UAM) Market - Analysis and Forecast, 2023-2035

Global Autonomous BVLOS Drone Market - Analysis and Forecast, 2019-2029

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. 

Contact:

Bhavya Banga
Email: media@bisresearch.com
BIS Research Inc.
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FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/ 
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