Market Research Report

Unmanned Traffic Management (UTM) Market

Unmanned Traffic Management (UTM) Market Research Report: Size, Share, Trend Analysis By Solution (Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure, Others), By End Use (Agriculture & Forestry, Logistics & Transportation, Surveillance & Monitoring, Others), By Component (Hardware, Software, Services), By Type (Persistent, Non-Persistent) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2030

Vertical: AnDBase Year: 202110 Sections

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Executive Summary

Unmanned Traffic Management (UTM) Market — Snapshot

  • Market Size (2021)

    $880.12M

  • Projected (2030)

    $5.46B

  • CAGR (2018–2030)

    21.8%

  • Key Players

    10+

Increasing adoption of drone for logistics and other services and rising public and private partnerships and investments are expected to drive the market during the forecast period. However, regulation pertaining to UAVs operation are the major hindrance to the market growth.

The global unmanned traffic management market was valued at USD 880.12 million in 2021 and expected to reach USD 5,464.39 million by 2030, registering a CAGR of 22.64% over the forecast duration. North America accounts for the largest market share (36.48%) followed by Asia Pacific (28.20%) and Europe (22.32%). Asia Pacific is expected to register the highest CAGR (24.34%) followed by Rest of the World (23.17%) over the forecast duration 2022-2030.

Key Insight

The Unmanned Traffic Management (UTM) Market market is projected to grow at a CAGR of 21.8% from 2018 to 2030.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: North America, Europe, Asia Pacific, Rest of the World.
  • Market Segmentation: The market is analyzed across 4 segments: Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure, Others. Forecasts are provided for each segment from 2018 to 2030.
  • Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Unmanned Traffic Management (UTM) Market

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