The global unmanned traffic management (UTM) market is expected to expand at an impressive CAGR of around 18% over the next ten years, with drone operators being the largest end users across the world. Steadily soaring demand is expected for UAVs and autonomous aerial vehicles in context with various applications across multiple sectors, owing to massive surge in air traffic over the assessment period.
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Shifting preferences and increasing disposable income will lead to a surge in the number of conventional aircraft, which is likely to contribute heightened demand for UTM through 2031. Additionally, numerous end-use industries such as e-Commerce, agriculture, and defence have infinite applications of unmanned aerial systems and drones, as these are being recognized as a potential alternate for various applications that could change the conventional way of performance over the coming years.
Further, prior mentioned applications of unmanned aerial vehicles or drones will contribute to air traffic, and require an efficient and safe traffic management system, which eventually propels the appeal for unmanned traffic management equipment over the assessment period. The foremost objective of the new report by Fact.MR on unmanned traffic management is to pitch insights on the market scenario, demand generators, and technological advancements in this space.
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The report provides a taxonomy elaborating on key segments. The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, and East Asia holding the bulk of the market share.
Historical Performance Vs. Future Market Outlook
From 2016 to 2024, the global unmanned traffic management system market exhibit steady growth at a CAGR of 14.5%; e-Commerce and defence sector played a major role in driving demand. Valuation of the market elevated from US$ 452.2 Mn in 2016 to US$ 777.6 Mn in 2024.
According to extensive analysis by the team of Fact.MR having expertise in the ICT domain, demand for unmanned traffic management systems will remain on the higher side during the forecast period. Rising application of UAVs and autonomous aerial vehicles over the assessment period will strengthen demand for unmanned traffic management systems. This is attribute to the fact that, infrastructure of unmanned traffic management systems is on rise in a majority of prominent areas. Further, where almost every industry was thumped in FY-2020 during the COVID-19 pandemic, demand for UTM was growing against the flow.
By 2031, the market is presumed to witness immense growth, expected to expand at a CAGR of around 18.0%, along with escalating growth in valuation to US$ 4.8 Bn by 2031. Demand for unmanned traffic management software, unmanned traffic management solutions, and unmanned traffic management services is expected to surge across regions.
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The Unmanned Traffic Management (UTM) market report answers important questions which include:
- What does the status of the Unmanned Traffic Management (UTM) market look like after the forecast period?
- Which region has the highest contribution to the global Unmanned Traffic Management (UTM) market and why?
- Which players remain at the top of the global Unmanned Traffic Management (UTM) market?
- What opportunities are available for the Unmanned Traffic Management (UTM) market players to expand their production footprint?
- Which segment has the maximum impact on the global Unmanned Traffic Management (UTM) market?
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