Unmanned Traffic Management Market Analysis

By Component

The unmanned traffic management (UTM) market is segmented into hardware, software and services on the basis of components. The services segment held the major part of the market segment with over 45% market share in 2018 which is anticipated to grow further. Further, based on services, the market is sub-segmented into flight services, security services and information services. The growth of this segment can be attributed to the growing use of UTM services across various application areas including flight information, network, communication & connectivity, emergency response and weather. At present, there is a growing focus towards service providers supplying security, flight and information services to UTM as well as drone operators.

By UTM Type

The market is segmented into persistent UTM and non-persistent UTM on the basis of type. The persistent UTM segment is anticipated to grow at a faster pace in the global UTM market. The growth of this segment can be attributed to upsurge in the transportation and logistics activities in the developed as well as in developing regions. The mounting implementation of drones by medical industry and e-commerce is anticipated to boost the growth of this segment. The non-persistent UTM segment, on the other hand, is expected to witness significant growth during the forecast period, as they can be moved between geographical regions in support of operations such as public safety and precision agriculture among others.

By End User

On the basis of end user, the unmanned traffic management (UTM) market is segmented into logistics & transportation, medical logistics, surveillance & monitoring, agriculture & forestry, public & security and energy & utility. Out of these, the surveillance & monitoring segment is leading the market as it is expected to grow up to USD 920.7 million by the end of 2028. The logistics & transportation segment is expected to grow at a fast pace, accounting for US$ 73.7 million in 2018. This growth can be attributed to the growing adoption of UAVs by e-commerce & retail companies. The eased regulations for the use of drones for commercial purposes are estimated to provide a huge boost to the use of drone in logistics & transportation segment over the coming years.

By Solution

The market is segmented on the basis of solution into surveillance infrastructure, navigation infrastructure, communication infrastructure and others. Communication infrastructure segment is expected to grow at a fast pace during the forecast period. The growth of this segment can be attributed to the varied use of communication infrastructure such as wireless communication, data exchange, drone to drone communication and data link communication for more secure and safe operation of UAVs.

Our in-depth analysis of the global market includes the following segments: