Report : North America 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 17.1% CAGR, the North America Unmanned Traffic Management Market is speculated to be worth US$ 1,251.70 million by 2030, says Business Market Insights
According to the Insight Partners’ research, the North America unmanned traffic management market was valued at US$ 352.83 million in 2022 and is expected to reach US$ 1,251.70 million by 2030, registering a CAGR of 17.1% from 2022 to 2030. Advancement in UAS leading to increasing application of UTM and surge in adoption of drones in logistics and supply chain management are the critical factors attributed to the North America unmanned traffic management market expansion.
There is a rising popularity for unmanned aerial vehicles (UAVs) and unmanned aircraft systems (UASs), commonly referred to as drones, across the world. The number of modern UASs and UAVs is increasing in the airspace, supported by advancements in the underlying technology and ancillary functions. Chipmakers, such as Texas Instruments and Xilinx, and computing service providers, such as Amazon Web Services and Microsoft, have been contributing to the reinforcement of UAS technologies. Additionally, the growth of autonomous driving and robotics industry has been fueling the research on technologies such as global positioning system (GPS), global navigation satellite system (GNSS), microelectromechanical systems (MEMS), hydrogen fuel cells, satellite communications, and optoelectronics. Since such technologies are also required for UAVs and UASs, the development and adoption of such vehicles are being promoted. It has also led to increased intellectual property (IP) developments for major drone industry companies in various countries. Infrared thermography (IRT) and hyperspectral imaging (HSI) are technologies that have witnessed an increased number of patents globally. IRT and HSI are vital technologies for camera-based navigational systems. Utilizing uncooled microbolometers as focal plane array (FPA) sensors in specialized thermal imaging cameras is one such advancement, which is expected to promote the application of drones for commercial usage. All the factors mentioned above are strongly driving the adoption of UAV and UAS, leading to congestion of low-altitude airspace. Thus, the technological advancements of UAS are promoting the applications of UAVs and drones, thereby boosting their number, in turn, driving the demand for UTM solutions.
On the contrary, high cost of arthroscopy devices hurdles the growth of North America unmanned traffic management market.
Based on type, the North America unmanned traffic management market is bifurcated into persistent UTM and non-persistent UTM. The persistent UTM segment held 75.7% share of the North America unmanned traffic management market in 2022, amassing US$ 267.16 million. It is projected to garner US$ 1,042.19 million by 2030 to expand at 18.5% CAGR during 2022–2030.
Based on component, the North America unmanned traffic management market is bifurcated into hardware and software. The hardware segment held 59.1% share of the North America unmanned traffic management market in 2022, amassing US$ 208.50 million. It is projected to garner US$ 664.77 million by 2030 to expand at 15.6% CAGR during 2022–2030.
Based on application, the North America unmanned traffic management market is segmented into communications, navigation, surveillance & monitoring, and others. The communications segment held 39.0% share of the North America unmanned traffic management market in 2022, amassing US$ 137.49 million. It is projected to garner US$ 470.11 million by 2030 to expand at 16.6% CAGR during 2022–2030.
Based on end user, the North America unmanned traffic management market is segmented into agriculture & forestry, logistics & transportation, surveillance, and others. The surveillance segment held 41.5% share of the North America unmanned traffic management market in 2022, amassing US$ 146.45 million. It is projected to garner US$ 496.44 million by 2030 to expand at 16.5% CAGR during 2022–2030.
Based on country, the North America unmanned traffic management market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.8% share of the North America unmanned traffic management market in 2022. It was assessed at US$ 270.97 million in 2022 and is likely to hit US$ 982.69 million by 2030, exhibiting a CAGR of 17.5% during the forecast period.
Key players profiles in the North America unmanned traffic management market report are Lockheed Martin Corp; Leonardo SpA; Collins Aerospace; Altitude Angel Ltd; Frequentis AG; AirMap Inc; Unifly NV; OneSky Systems Inc; Airbus SE; and Thales SA, among others.
- Aug-2021, Altitude Angel, the UTM technology provider, announced it had accepted Japan-based JALUX Group into its Global Partnership Programme. JALUX has a wide portfolio of enterprises in several industries across the globe. The company serves four business segments: Life Service Unit, Aviation and Airport Unit, the Food & Beverage Unit, and the Retail Unit. With a comprehensive presence across the Asia Pacific and Japan region, JALUX promotes the deployment and advancement of Altitude Angel's UTM platform to organizations and businesses liable for airspace management, including landowners, airports, and seaports.
- Dec-2020, Altitude Angel, the Unmanned Traffic Management (UTM) technology provider; a-techsyn, manufacturer of next-generation Unmanned Aerial Vehicles (UAVs). And Inmarsat, the global mobile satellite communications, has announced the triumphant culmination of drone test flights utilizing their jointly developed Pop-Up UTM platform.
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