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Global Unmanned Traffic Management (UTM) Market Report 2022: Rising Drone Incidents in the Commercial Sector to Fuel Demand & Drive Growth - 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

Unmanned Traffic Management (UTM) is defined as an automated workflow infrastructure process encompassing flight, from flight planning, through in-flight monitoring, separation assurance and collision resolution. 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. Over the last decade, UAVs have expanded beyond military applications to a wide range of commercial applications ranging from package delivery, agriculture/farming to emergency services.

Approval of commercial drones and their legal use is directly related to the development of workable and reliable Unmanned Traffic Management (UTM) solutions, since uncontrolled flying puts infrastructure and lives in danger and increases the risk of damage to people and property. UTM is therefore growing in popularity and importance as the only feasible technology solution to ensure safety of drones and aircraft.

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.

Amid the COVID-19 crisis, the global market for Unmanned Traffic Management (UTM) estimated at US$791.2 Million in the year 2022, 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.

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.

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For more information about this report visit https://www.researchandmarkets.com/r/iwee1p

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