The Future of Unmanned Traffic Management Market in the forecast period (2020–2025) as predicted by Stratview Research

The report on Unmanned Traffic Management to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020–2025

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Unmanned Traffic Management Market — Snapshot

Growth: 21.2% for the next five years

Major End-Use Type: Logistics & Transportation

Major Solution Type: Communication infrastructure

Dominant Type: Persistent UTM

Dominant Component Type: Services

Region with the highest demand: North America

Key Players: Airmap Inc., Altitude Angel Limited, Analytical Graphics, SZ DJI Technology Co. Ltd., Frequentis, Harris Corporation, Lockheed Martin Corporation, Nova Systems, Nokia Corporation, and Precisionhawk.

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End-Use Type Segment

Based on the end-use type, the market is segmented as agriculture & forestry, logistics & transportation, surveillance & monitoring, and others. The logistics & transportation segment dominated the market in 2018, and is likely to continue its leading position during the forecast period. The growth of this segment is owing to the growth in application of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies.

Solution Type Segment

Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others. The communication infrastructure segment is expected to remain dominant during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.

Type Segment

Based on the type, the market is segmented as non-persistent UTM and persistent UTM. The persistent UTM segment is estimated to register a higher growth in the coming five years. This growth can be attributed to the increase in logistics and transportation activities in the developed economies, such as the US, the UK, and Switzerland.

Component Type Segment

Based on the component type, the market is segmented as hardware equipment, software, and services. The services segment commanded the market in 2018, and is likely to remain dominant during the forecast period as well. The prime focus of unmanned traffic management will be on service providers delivering flight and security and information to UTM as well as drone operators.

Region Wise Segment

In terms of regions, North America dominated the unmanned traffic management market in 2018, and is estimated to maintain its dominance in the coming five years, driven by the growth in drone activities, rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Highlights of the Report:

Unmanned traffic management market is likely to witness an impressive CAGR of 21.2% during the forecast period. The unprecedented growth is owing to the growing employment of drones in logistics & transportation and other commercial applications. The escalating need for UTM solutions to assimilate self-governing aerial vehicles in commercial airspace is another factor significantly contributing to the growth of the global unmanned traffic management market.

Some of the major players in the unmanned traffic management market are Airmap, Inc., Altitude Angel Limited, Analytical Graphics, SZ DJI Technology Co., Ltd., Frequentis, Harris Corporation, Lockheed Martin Corporation, Nova Systems, Nokia Corporation, and Precisionhawk.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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