Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Key Emerging Trends in the Unmanned Traffic Management Market
Boosting Traffic Management: The Impact of Growing Investments and Partnerships
In the coming years, we expect to see more public and private companies investing in the development of autonomous traffic management systems, and this is likely to drive the expansion of the market. One noteworthy example is the Terra Drone Corporation, which secured a substantial amount of funding—$70 million (equivalent to 8 billion Japanese yen) in March 2022. The purpose behind this funding is to accelerate the creation of Unmanned Traffic Management (UTM), essentially an air traffic control system designed for unmanned aircraft.
The increasing interest from both public and private entities is not only about investing money but also about collaborating to enhance the performance and efficiency of UTM. A great illustration of this collaborative effort is PrecisionHawk, Inc., which introduced the Automated Unmanned Air Traffic Control System in August 2020. This system plays a crucial role in avoiding collisions between drones and manned aircraft, ensuring safer skies for everyone.
Moreover, partnerships are proving to be catalysts for innovation in the unmanned traffic management market. Altitude Angle, in conjunction with A-techSYN (a leading producer of next-generation Unmanned Aerial Vehicles) and Inmarsat (a global leader in mobile satellite communications), joined forces in December 2020 to develop the Pop-Up UTM platform. This collaboration exemplifies the power of teamwork in creating advanced solutions for managing unmanned aerial traffic.
Looking back to June 2019, another noteworthy collaboration unfolded between Terra Drone Corporation and Unifly, a well-known provider of drone traffic management. This partnership led to the successful demonstration of an Unmanned Traffic Management (UTM) system to Taiwanese government officials. Such partnerships not only showcase the commitment of private companies to innovation but also highlight their collaboration with public entities to address the evolving needs of the unmanned traffic management sector.
In essence, the unmanned traffic management industry is poised for growth in the coming years due to the combined efforts of private and public industry participants. The advancements and investments in UTM technologies are expected to play a pivotal role in shaping the future of autonomous traffic management systems. As companies continue to invest and collaborate, we can anticipate a positive impact on the overall efficiency and safety of unmanned aerial traffic, marking a significant step forward for this evolving industry.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | The need for unmanned traffic management will increase globally due to improvements in air traffic management brought on by border disputes. |
| Market Dynamics | Rising public and private partnerships and investment Growing demand for improved surveillance |
Unmanned Traffic Management Market Highlights:
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
