Le Lézard
Classified in: Transportation, Covid-19 virus

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.

Select Competitors (Total 42 Featured):

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

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


These press releases may also interest you

at 20:10
-- After the pre-Phase III clinical trial meeting with Center for Drug Evaluation (CDE) of China National Medical Products Administration (NMPA) in June 2022, the pathway to the registration, including patient population, dose, treatment duration,...

at 20:05
Broadstone Net Lease, Inc. ("BNL," the "Company," "we," "our," or "us"), today announced its rent collection results for the quarter ending September 30, 2022, and also announced that it will provide a business update, including information...

at 19:45
The "Rotary Air Compressor Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. According to the report, the market size will grow by USD 3.14 billion, accelerating at a CAGR of 3.9%...

at 19:30
Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, "Eisai") and Biogen...

at 19:05
The Foxtel Group and WWE® today announced a major new multi-year partnership that will see Foxtel Group's portfolio of entertainment brands become the home of WWE in Australia. The new deal will deliver the biggest line-up of WWE's live and on...

at 19:00
The global sports supplement market size is expected to grow by USD 1.91 billion between 2021 and 2026, accelerating at a CAGR of 8.3% during the forecast period. The report provides a comprehensive analysis of the market size, YOY growth rates, and...



News published on 11 august 2022 at 10:45 and distributed by: