Over the next ten years, the global unmanned traffic management (UTM) market is predicted to grow at an attractive CAGR of roughly 18 percent, with drone operators being the leading end users worldwide.
Due to a large increase in air traffic over the assessment period, demand for UAVs and autonomous aerial vehicles is predicted to steadily rise in context with diverse applications across several sectors.
Changing preferences and rising disposable income will lead to an increase in the number of conventional aircraft, resulting in increased demand for UTM through 2031.
Key Market Segments Covered
- Type
- Persistent Unmanned Traffic Management
- Non-persistent Unmanned Traffic Management
- System
- Technical Infrastructure Systems
- Communication Infrastructure
- Navigation Infrastructure
- Surveillance Infrastructure
- Spatial Infrastructure
- Human Interface Components
- Unmanned Aircraft Systems
- UAS Registration Systems
- UAS Traffic Management Systems
- Technical Infrastructure Systems
- Airspace
- Controlled Unmanned Traffic Management
- Uncontrolled Unmanned Traffic Management
- Environment
- Urban Unmanned Traffic Management
- Rural Unmanned Traffic Management
- ATM (Airport) Unmanned Traffic Management
- Others
- End User
- Drone Operators
- Drone Pilots
- Recreational Users
- Airports
- Emergency Service Public and Local Authorities
Takeaways from the Market Research
By 2031, the UTM market is expected to grow by 5 times its current size.
Controlled airspace accounts for more than three-quarters of the global market and is expected to generate an absolute dollar opportunity of roughly US$ 3 billion between 2021 and 2031.
Drone operators are the fastest-growing group among end users, owing to the increased penetration of UAVs across numerous industries over the last decade.
In 2021, North America is predicted to dominate market revenue, gaining more than 700 BPS points by 2031.
Through 2031, the markets in Germany, China, and the United States are forecast to grow at roughly 20% CAGR.
