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Global Unmanned Traffic Management Market valued approximately USD 379.86 million in 2016 is anticipated to grow with a healthy growth rate of more than 20% over the forecast period 20172025. The UTM system is future phenomenon which is projected for managing drones specifically small drones traffic in the lower level of airspace. The UAS traffic management system predicted to be a system of various subsystems that will work together to offer an endtoend service. The increasing use of unmanned aircraft in commercial applications is expected to provide the growth to the market. This growth can be accredited to the growing use of drones in the other commercial and logistics transportation applications. The growing needs of UTM solutions to participate autonomous aerial vehicles in the commercial area is the other factor prompting the growth of the market. However, growing safety and security concerns is the major restraining factor to the market growth.
The objective of the study is to define market sizes of different segments countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:
o Flight Services
o Information Services
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
Forecast period 2017 to 2025
Some of the key manufacturers involved in the market Leonardo, Frequentis, Altitude Angel, Harris, Skyward IO, Lockheed Martin, Airmap, Nova Systems, Thales Group, Unifly, Rockwell Collins, Precisionhawk, DJI, Sensefly, Viasat. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Unmanned Traffic Management Market in Market Study:
Key Consulting Companies Advisors
Large, mediumsized, and small enterprises
ValueAdded Resellers VARs
Thirdparty knowledge providers
Original Article: Global Unmanned Traffic Management Market Size Study, by Type NonPersistent UTM, Persistent UTM by Solution Communication Infrastructure, Navigation Infrastructure, Surveillance Infrastructure, others by Enduse Agriculture forestry, Logistics TransportaNEXT ARTICLE
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