Stratview Research published a new report on the “Unmanned Traffic Management Market” that offers detailed segmentation of the market based on Vehicle Type, End Market Type, and Region.

According to the report, the unmanned traffic management market was estimated at USD 572.6 million in 2021 and is likely to grow at a CAGR of 20.46% during 2022-2028 to reach USD 2134.76 million in 2028.

What is unmanned traffic management?

Unmanned Traffic Management is referred to as a traffic management system that controls operations that are separate from the Air Traffic Management of the Federal Aviation Administration. The system has its used in areas of agriculture, surveillance, logistics, and others.

Unmanned Traffic Management is known to offer solutions for communication, navigation, and surveillance mainly along with many other activities depending upon the requirements. The system is available in persistent and non-persistent types and the hardware, software, and other components of the system are aimed at offering a smoother experience for the end users.

COVID-19 Impact

The global pandemic covid-19 shook the whole world, and the tremors were felt across every industry. Lockdowns and restrictions in the movement of vehicles and humans alike largely impacted the aviation industry. The huge loss in revenue was accompanied by lesser investment in traffic management by the airlines ultimately declining the growth of the unmanned traffic management market.

The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment but also help in rearranging the strategies and future- decisions in a fruitful manner.

Market Dynamics

The growth of the unmanned traffic management market is primarily driven by-

• The unprecedented growth is owing to the growing employment of drones in logistics transportation and other commercial applications,
• The escalating need for UTM solutions to assimilate self-governing aerial vehicles in commercial airspace.

Leading players in the market -

To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Unmanned Traffic Management Market, which is given below -

• Airmap, Inc.
• Altitude Angel Limited
• Analytical Graphics
• SZ DJI Technology Co., Ltd.
• Frequentis
• Harris Corporation
• Lockheed Martin Corporation
• Nova Systems
• Nokia Corporation
• Precisionhawk

About us –

Stratview Research is a global market research firm that offers reliable market reports, market entry strategies, growth consulting, and even more. The market experts compile high quality market details to help users obtain granular level clarity on current business trends and expected future developments.

Stratview Research also offers customization of the reports. Reach out to the analysts to customize the given report according to your priority/requirement.

Connect with the team at –

Call @:  +1-313-307-4176

Mail Us:  sales@stratviewresearch.com