Le Lézard
Classified in: Science and technology, Covid-19 virus

Global Unmanned Traffic Management (UTM) Market Trajectory & Analytics Report 2021: Growing UAV Traffic in Commercial Airspace - The Foundation for Growth in the Market - ResearchAndMarkets.com


The "Unmanned Traffic Management (UTM) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Unmanned Traffic Management (UTM) Market to Reach US$1.6 Billion by the Year 2026

Global market for Unmanned Traffic Management (UTM) estimated at US$603.6 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 18.1% over the analysis period. Services, one of the segments analyzed in the report, is projected to grow at a 17.9% CAGR to reach US$925.1 Million by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 19% CAGR for the next 7-year period. This segment currently accounts for a 34.2% share of the global Unmanned Traffic Management (UTM) market.

The future expansion of the UTM services market is anticipated to be favored by supportive standards and regulations that would allow for commercial, regular and automated BVLOS operations across Europe and North America. These developments are poised to create the requirement of sophisticated UTM services.

The UTM software helps create a platform to perform multiple tasks to support drone operations, including real-time tracking of all drones in the air, showing restricted and non- restricted airspaces to help pilots avoid zones where flying is not allowed.

UTM is growing in popularity and importance as the only feasible technology solution to ensure safety of drones and aircraft. Growth in the global market is set to be driven by growing UAV traffic in commercial airspace. Unmanned Aerial Systems (UAS) have been growing rapidly in popularity in recent years with UAVs forecast to be the most dynamic growth sector of the global aerospace industry.

Approval of commercial drones and their legal use is directly related to the development of workable and reliable UTM solutions, since uncontrolled flying puts infrastructure and lives in danger and increases the risk of damage to people and property. Continuous innovations in detect-and-avoid technology are vital to the successful development of UTM and also for the integration of drones into the national airspace.

Public and private investments in UTM are growing as companies scramble to get their drones `airworthy` via BVLOS. Successfully tested UTMs are eligible for waiver from the line-of-sight requirement imposed by the Federal Aviation Administration (FAA). As drones prove indispensable for timely and effective Covid-19 epidemic monitoring and response, demand for drones is fast tracking and UTM will also grow in prominence and urgency as the world anxiously awaits for safe drone operation.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 43 Featured)

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/domn75


These press releases may also interest you

at 07:00
Palantir Technologies Inc. today announced that it was selected by the Defense Information Systems Agency (DISA) to deliver an Electromagnetic Battle Management - Joint Decision Support (EMBM-J DS) Prototype. This effort will provide the Department...

at 06:30
The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarketstm. The growth can be attributed to growing...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...

at 06:05
AIS Healthcare, a leading provider of targeted drug delivery (TDD) and infusion care solutions, is proud to recognize March 25-31 as National Physicians Week. This week and throughout the year, we celebrate the dedication of physicians who selflessly...

at 06:02
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major...

at 06:00
G-P (Globalization Partners), the recognized leader in the global employment market, and standard bearer for industry compliance, today announced it was awarded 50 leader badges in G2's 2024 Spring Report, including Employer of Record Leader, Global...



News published on and distributed by: