Unmanned Traffic Management UTM Market Report 2024 (Global Edition)

Global Unmanned Traffic Management UTM Market Report 2024 Market Size Split by Component (Hardware, Software), by Application (Agriculture and Forestry, Logistics and Transportation, Surveillance and ...

Unmanned Traffic Management UTM Market Report Description

We have various report editions of Unmanned Traffic Management UTM Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Unmanned Traffic Management UTM Market Insights Video

Competitive Landscape of the Unmanned Traffic Management Market

The aggressive panorama of the Unmanned Traffic Management (UTM) marketplace features a dynamic blend of mounted aerospace companies, technology startups, and specialized UTM solution carriers. Key players encompass companies like DJI, AirMap, and Altitude Angel, which offer modern UTM answers and technologies. The market is characterized by using rapid technological improvements, strategic partnerships, and investments in R & d. Competitors are focusing on developing scalable, interoperable structures to meet regulatory necessities and support the growing demand for safe and green drone operations.

December 2023: Unifly collaborated with Rhea Group and the NY UAS Test Site to accomplish the Unified UTM Cybersecurity Model project. The project's goal was to improve and verify a UTM cybersecurity model in a real-world setting. (Source: https://www.prnewswire.com/news-releases/terra-drones-group-company-unifly-successfully-completes-groundbreaking-utm-cybersecurity-model-project-in-partnership-with-faa-302021471.html) March 2022: The use of unmanned aircraft is expected to skyrocket over the next 20 years, according to Japanese drone and air mobility technology company Terra Drone Corp, which recently revealed it has raised USD 70 million for the purpose. Source: https://www.forbes.com/sites/edgarsten/2022/03/22/terra-drone-wins-major-new-investments-to-develop-air-traffic-control-system-for-unmanned-aircraft-expansion/ December 2022: aviation traffic controllers at Rennes airport in Brittany have selected Thales's TopSky UAS solution, which was already operational in Lille, in northern France, to handle unmanned aviation traffic. The approach facilitates drone operators' easier access to airspace by streamlining the flight request process. Source: https://www.thalesgroup.com/en/group/event/devoxx-2022

Top Companies Market Share in Unmanned Traffic Management UTM Industry: (In no particular order of Rank)

• Frequentis (Austria)
• Leonardo S.p.A. (Italy)
• Thales Group (France)
• L3Harris Technologies Inc (U.S.)
• Lockheed Martin Corporation (U.S.)
• Airbus SE (France)
• Raytheon Technologies Corporation (U.S.)
• Nova Systems (Australia)
• Unifly (Belgium)
• PrecisionHawk (U.S.)
• Altitude Angel Limited (U.K.)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Unmanned Traffic Management Market

Which Region Dominates the Unmanned Traffic Management Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. In North America, the Unmanned Traffic Management (UTM) marketplace is expanding unexpectedly due to expanded drone adoption in various sectors and the need for green airspace management. The vicinity's funding in advanced UTM technologies, supportive regulatory frameworks, and growing interest in Urban Air Mobility are using this growth, positioning North America as a key participant in the UTM marketplace.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Unmanned Traffic Management market. In the Asia-Pacific place, the Unmanned Traffic Management (UTM) market is experiencing full-size growth driven by the aid of speedy urbanization, technological improvements, and increasing drone utilization for logistics and surveillance. Government tasks and investments in smart city infrastructure are similarly boosting marketplace enlargement. The location's diverse and evolving desires are accelerating the development and adoption of UTM systems.

The current report Scope analyzes Unmanned Traffic Management UTM Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Unmanned Traffic Management UTM Market

According to Cognitive Market Research, the global Unmanned Traffic Management market size was estimated at USD 112.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 45.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Unmanned Traffic Management market with a market size of USD 35.54 million in 2024 and is projected to grow at a CAGR of 20.0% during the forecast period. The nation's drone adoption.
• The Canada Unmanned Traffic Management market had a market share of USD 5.40 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. Canada's airspace safety.
• The Mexico Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 4.10 million in 2024.

Europe Unmanned Traffic Management UTM Market

According to Cognitive Market Research, the global Unmanned Traffic Management market size was estimated at USD 112.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 33.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Unmanned Traffic Management market had a market share of USD 5.68 million in 2024 and is projected to grow at a CAGR of 21.3% during the forecast period. In the UK, Unmanned Traffic Management sales witness an upswing due to the regulatory support.
• The France Unmanned Traffic Management market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 3.11 million in 2024.
• According to Cognitive Market Research, the German Unmanned Traffic Management market size was valued at USD 6.69 million in 2024 and is projected to grow at a CAGR of 20.7% during the forecast period. In Germany, Unmanned Traffic Management surged due to the technological advancements.
• The Italy Unmanned Traffic Management market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 2.91 million in 2024.
• The Russia Unmanned Traffic Management market is projected to witness growth at a CAGR of 19.5% during the forecast period, with a market size of USD 5.24 million in 2024.
• The Spain Unmanned Traffic Management market is projected to witness growth at a CAGR of 19.6% during the forecast period with a market size of USD 2.77 million in 2024
• The Luxembourg Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.6% during the forecast period, with a market size of USD 1.05 million in 2024.
• The Portugal Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.3% during the forecast period, with a market size of USD 0.71 million in 2024.
• The Greece Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.8% during the forecast period, with a market size of USD 0.41 million in 2024.
• Rest of Europe's Unmanned Traffic Management market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 5.24 million in 2024.

Asia Pacific Unmanned Traffic Management UTM Market

According to Cognitive Market Research, the global Unmanned Traffic Management market size was estimated at USD 112.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 25.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Unmanned Traffic Management market size was valued at USD 11.65 million in 2024 and is projected to grow at a CAGR of 23.5% during the forecast period. Unmanned Traffic Management surged in China due to the urban air mobility.
• The Japan Unmanned Traffic Management market is projected to witness growth at a CAGR of 22.5% during the forecast period, with a market size of USD 3.57 million in 2024.
• The India Unmanned Traffic Management market had a market share of USD 3.11 million in 2024 and is projected to grow at a CAGR of 25.8% during the forecast period. India's military applications
• The South Korean Unmanned Traffic Management market is projected to witness growth at a CAGR of 23.1% during the forecast period, with a market size of USD 2.59 million in 2024.
• The Australian Unmanned Traffic Management market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 1.35 million in 2024.
• The South East Asia Unmanned Traffic Management market is projected to witness growth at a CAGR of 25.0% during the forecast period, with a market size of USD 1.79 million in 2024.
• The Rest of Asia Pacific Unmanned Traffic Management market is projected to witness growth at a CAGR of 23.8% during the forecast period, with a market size of USD 1.84 million in 2024.

South America Unmanned Traffic Management UTM Market

According to Cognitive Market Research, the global Unmanned Traffic Management market size was estimated at USD 112.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 5.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Unmanned Traffic Management market size was valued at USD 2.41 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period. Unmanned Traffic Managements flourished in Brazil due to the infrastructure investment.
• Argentina's Unmanned Traffic Management market had a market share of USD 0.95 million in 2024 and is projected to grow at a CAGR of 22.3% during the forecast period. Argentina's public-private partnerships.
• Colombia Unmanned Traffic Management market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 0.50 million in 2024.
• Peru Unmanned Traffic Management market is projected to witness growth at a CAGR of 21.6% during the forecast period, with a market size of USD 0.46 million in 2024.
• Chile Unmanned Traffic Management market is projected to witness growth at a CAGR of 21.7% during the forecast period, with a market size of USD 0.41 million in 2024.
• The Rest of Latin America's Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 0.91 million in 2024.

Middle East and Africa Unmanned Traffic Management UTM Market

According to Cognitive Market Research, the global Unmanned Traffic Management market size was estimated at USD 112.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031..

• The GCC Countries Unmanned Traffic Management market is projected to witness growth at a CAGR of 22.5% during the forecast period, with a market size of USD 0.96 million in 2024. Unmanned Traffic Management sales flourish due to the r&d funding.
• The Egypt Unmanned Traffic Management market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 0.24 million in 2024.
• The South Africa Unmanned Traffic Management market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 0.36 million in 2024. Unmanned Traffic Management sales flourish in South Africa due to smart city initiatives.
• The Turkey Unmanned Traffic Management market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 0.19 million in 2024.
• The Nigeria Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.8% during the forecast period, with a market size of USD 0.24 million in 2024.
• The Rest of MEA Unmanned Traffic Management market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 0.27 million in 2024.

Unmanned Traffic Management UTM Market Analysis

Unmanned Traffic Management Market Component Segment Analysis

According to Cognitive Market Research, Hardware stands out as the dominant category over the projected period. The hardware segment of the Unmanned Traffic Management (UTM) marketplace is developing due to the growing demand for advanced sensors, communication gadgets, and monitoring structures crucial for managing drone operations. Innovations in the hardware era decorate real-time monitoring, collision avoidance, and statistics processing abilities, using the enlargement of UTM systems and improving overall airspace protection and performance.

Software emerges as the fastest-growing category in the Unmanned Traffic Management market. The software program section of the Unmanned Traffic Management (UTM) market is increasing hastily as demand increases for sophisticated data analytics, flight management systems, and integration platforms. Advanced software solutions permit real-time visitor control, optimize flight paths, and make sure compliance with regulatory requirements, riding marketplace growth. The evolution of the UTM software program is critical for reinforcing operational performance and safety in drone management.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Unmanned Traffic Management UTM Industry. Request a Free Sample PDF!

Unmanned Traffic Management Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Agriculture and Forestry. The Agriculture and Forestry sectors are riding growth within the Unmanned Traffic Management (UTM) market as drones emerge as critical for precision farming, crop tracking, and wooded area management. The want for green airspace management to deal with extended drone pastime in these industries is accelerating the adoption of UTM structures, making sure safe and powerful operations in widespread and frequently remote areas.

The fastest-growing category in the Unmanned Traffic Management market is Logistics and Transportation. The Logistics and Transportation sectors are fueling growth in the Unmanned Traffic Management (UTM) market, driven by way of the increasing use of drones for parcel shipping and supply chain optimization. Efficient UTM structures are crucial for coping with the better volume of air traffic and making sure well timed, safe deliveries. This quarter's growth highlights the want for advanced UTM solutions to guide scalable drone operations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Unmanned Traffic Management UTM End-User Segment Analysis

Unmanned Traffic Management Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is Airports. Airports are contributing to the boom of the Unmanned Traffic Management (UTM) marketplace as they integrate drones for numerous functions, including runway inspections, safety surveillance, and airside operations. The need for effective UTM systems to coordinate drone sports and make certain protection inside the busy airport environment is riding improvements in UTM technology and adoption.

The fastest-growing category in the Unmanned Traffic Management market is Emergency Service and Local Authorities. Emergency services and nearby authorities are driving a boom in the Unmanned Traffic Management (UTM) marketplace by way of an increasing number of deploying drones for seek and rescue, catastrophe reaction, and surveillance. The want for sturdy UTM structures to manage these vital operations, make certain protection, and coordinate drone flights in dynamic and often complicated environments is accelerating the development and adoption of superior UTM technologies.

• Airports
• Emergency Service and Local Authorities
• Drone Operators or Pilots
• Recreational Users

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion