The global UAS Traffic Management (UTM) system market size is expected to reach USD 5,053.1 Million in 2030 and register a revenue CAGR of 20.3% over the forecast period, according to the latest report by Emergen. Rapid deployment of drones for commercial and civil applications, coupled with major investment by government as well as private companies to develop and deploy advanced and safe UAS traffic management systems is a key factor driving market revenue growth.
UTM is a traffic management ecosystem, which is specially used for managing small drone traffic in lower-level airspace. It consists of several subsystems, designed to provide end-to-end service. UTM system is an accumulation of various information using different data service providers. Information comprises weather conditions, airspace traffic, drone registration, and operator’s credentials, which help UAS manage traffic. It utilizes various technologies, which are inspired by aviation traffic management systems.
Get a sample of the report @ https://www.emergenresearch.com/industry-report/uas-traffic-management-system-market
Key Highlights of the Report
Some Major Companies in the global market report include Airbus SE, Lockheed Martin, Leonardo S.p.A., SZ DJI Technology Co., Ltd., Altitude Angel, Harris Corporation, Kitty Hawk Corporation, Precision Hawk, Frequentis Group, and Collins Aerospace.
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the UAS Traffic Management System market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The research report on the UAS Traffic Management System market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the UAS Traffic Management System business sphere.
Emergen Research has segmented the global UTM system market on the basis of solutions, component, type, end use, and region:
The report addresses the following key points:
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
State: British Columbia