Unmanned Traffic Management (UTM) Market

Market Leader - Unmanned Traffic Management (UTM) Market

Unmanned Traffic Management (UTM) is a solution that aids in integrating manned and unmanned aircraft operations into low altitude airspace as well as managing the operation of UAVs (unmanned aerial vehicles) in the airspace. The concept of UTM has been created by NASA, in collaboration with companies such as AirMap, Boeing, PrecisionHawk, and Thales. It is a global initiative to offer an interoperable solution that will ultimately lead to routine Beyond Visual Line of Sight (BVLOS) flights and highly automated operations of UAVs.

The Unmanned Traffic Management market is projected to grow from an estimated USD 538.2 Million in 2018 to USD 1,960.6 Million by 2025, at a CAGR of 20.28% during the forecast period. This growth can be attributed to the rising need for drones for logistics & transportation and other commercial applications. In addition, the increasing partnership on investment between government agencies and private players is also driving the unmanned traffic management market.

Major players operating in the unmanned traffic management market include Frequentis (Austria), Leonardo Finmeccania (Italy), Airmap (US), Altitude Angel (UK), Thales Group (France), Harris Corporation (US), Skyward IO (US), Lockheed Martin (US), Nova Systems (Australia), Unifly (Belgium), and PrecisionHawk (US). These players offer various UTM solutions, software, and operational services, and have a well-equipped distribution network across North America, Europe, and the Asia Pacific.

AirMap (US) is one of the major players in the Unmanned Traffic Management market. AirMap’s focus on developing technologies for safe and efficient drone operations has led to the company gaining a brand name in the drone industry. The company focuses on partnerships and is working with the FAA on its Low Altitude Authorization and Notification Capability (LAANC) initiative. In relation to this initiative, the company in 2017, launched a digital airspace authorization in US controlled airspace accessible to anyone with AirMap’s iOS and Android apps. Furthermore, in 2017, the company partnered with Airways New Zealand to deploy an unmanned traffic management system that enables safe and compliant drone flights for a three-month trial in the Canterbury and Queenstown regions of New Zealand.

Thales Group is one of the leading players in the aerospace & defense industry. The company focuses on product innovation and heavily invests in research & development; it invested USD 736 million in 2015, and USD 783 million in 2016 for R&D activities. Thales operates under 4 key technology domains: hardware technology, software technology, information & cognitive sciences, and systems. With the development of the unmanned traffic management concept, Thales supports the FAA’s Low Altitude Authorization and Notification Capability (LAANC) concept. In 2017, the company launched ECOsystem UTM, a flexible platform designed to bridge the gap between the safety and security requirements of national and local authorities and the operational needs of civil UAS users.

Altitude Angle, a UK tech startup, unveiled a global airspace monitoring system that promises to help drone operators fly safely. The company focuses on delivering safety and navigational data directly to automated drones. In 2016, the company introduced Drone Safety Map, an app that enables drone operators to specify ‘alert regions’ that the company’s cloud platform monitors in real-time for low-flying manned aircraft, proactively sending a push notification via email or SMS to drone operators to ensure they have time to move out of the way safely.

Related Reports:

Unmanned Traffic Management (UTM) Market by End Use (Agriculture, Logistic, Surveillance), Solution (Communication, Navigation, Surveillance), Component (Hardware, Software, Service), Type (Persistent, Non-Persistent), Region - Global Forecast to 2025

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Report Code
AS 6155
Published ON
Apr, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Unmanned Traffic Management (UTM) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved