Report : Asia Pacific Unmanned Traffic Management Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Type (Persistent UTM and Non-Persistent UTM), Component (Hardware and Software), Application (Communications, Navigation, Surveillance & Monitoring, and Others), and End Use (Agriculture & Forestry, Logistics & Transportation, Surveillance, and Others)
At 19.1% CAGR, the Asia Pacific Unmanned Traffic Management Market is speculated to be worth US$ 510.69 million by 2030, says Business Market Insights
According to the Insight Partners’ research, the Asia Pacific unmanned traffic management market was valued at US$ 126.23 million in 2022 and is expected to reach US$ 510.69 million by 2030, registering an annual growth rate of 19.1% from 2022 to 2030. Rising collaboration between drone operators, aviation authorities, and stakeholders and integration of AI and ML are the critical factors attributed to the Asia Pacific unmanned traffic management market expansion.
Drone operators have been pushing for the widespread adoption of unmanned aircraft primarily because of the advantages offered. Aviation authorities, however, have been cautious about how and where such vehicles are operated. Research organizations and institutes have been collaborating with both parties to develop UTM. Better collaboration between various stakeholders of UTM can ensure faster and safer commercial applications of drones and UAVs. With rising understanding of the same, all stakeholders have been collaborating regularly for harmonizing regulations and developing a regulatory framework for the operations of drones in VLOS and BVLOS. Such continued collaboration and technology transfer between the stakeholders can strongly aid in developing a regulatory framework and safer flight operations. It can be expected to promote faster adoption of drones and UTM solutions, providing growth opportunities for the Asia Pacific unmanned traffic management market.
On the contrary, stringent regulations and certification procedure hurdles the growth of Asia Pacific unmanned traffic management market.
Based on type, the Asia Pacific unmanned traffic management market is bifurcated into persistent UTM and non-persistent UTM. The persistent UTM segment held 74.2% share of the Asia Pacific unmanned traffic management market in 2022, amassing US$ 93.72 million. It is projected to garner US$ 416.92 million by 2030 to expand at 20.5% CAGR during 2022–2030.
Based on component, the Asia Pacific unmanned traffic management market is bifurcated into hardware and software. The hardware segment held 62.3% share of the Asia Pacific unmanned traffic management market in 2022, amassing US$ 78.68 million. It is projected to garner US$ 304.42 million by 2030 to expand at 18.4% CAGR during 2022–2030.
Based on application, the Asia Pacific unmanned traffic management market is segmented into communications, navigation, surveillance & monitoring, and others. The communications segment held 38.5% share of the Asia Pacific unmanned traffic management market in 2022, amassing US$ 48.54 million. It is projected to garner US$ 186.38 million by 2030 to expand at 18.3% CAGR during 2022–2030.
Based on end user, the Asia Pacific unmanned traffic management market is segmented into agriculture & forestry, logistics & transportation, surveillance, and others. The surveillance segment held 44.6% share of the Asia Pacific unmanned traffic management market in 2022, amassing US$ 56.34 million. It is projected to garner US$ 220.42 million by 2030 to expand at 18.6% CAGR during 2022–2030.
Based on country, the Asia Pacific unmanned traffic management market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.8% share of the Asia Pacific unmanned traffic management market in 2022. It was assessed at US$ 40.14 million in 2022 and is likely to hit US$ 164.01 million by 2030, exhibiting a CAGR of 19.2% during the forecast period.
Key players profiles in the Asia Pacific unmanned traffic management market report are Airbus SE; Altitude Angel Ltd; Collins Aerospace; Frequentis AG; Leonardo SpA; Lockheed Martin Corp; Thales SA; and Unifly NV, among others.
- Mar-2022, ORKID is a top independent cargo drone rush delivery service for enterprises. To provide a secure and safe integration of drones into the airspace and successfully conduct Beyond Visual Line of Sight (BVLOS) missions, ORKID has partnered with Unifly, a leading Unmanned Traffic Management (UTM) technology provider, in a series of test operations.
- Feb-2020, Civil Aviation Authority of Singapore (CAAS) and Airbus have signed a Memorandum of Understanding (MOU) to promote urban air mobility (UAM) in Singapore. The partnership aims to bring UAM services and platforms into Singapore's urban environment, enhancing industrial productivity and the country's regional connectivity.
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