An Overview of the Global Unmanned Traffic Management Market (2022-2030)

1. Navigating the Future: An Overview of the Global Unmanned Traffic ManagementMarket (2022-2030) The report on the Unmanned Traffic Management Marketprovides a detailed trend analysis from 2019 to 2030. It discusses industry and technology trends currently prevailinginthemarket,alongwithdrivers,restraints,challenges,andopportunities that influence the growth of themarket. TheunmannedtrafficmanagementmarketisanticipatedtoreachUSD1,098million by 2030, growing at aCAGR of 33.9% from USD106 million systems provide in2022.UTM aredesignedto real-time aboutthe information locationand statusof drones,aswellastomonitor and regulate their movements to ensure safety and avoid conflicts with other aircraft. UTMalso enables governments to manage the use of airspace by drones, including the allocationofspecificareasfordroneoperationandtheimpositionoftemporaryflight restrictions (TFRs) in areas where there may be safety or security concerns. In addition, UTM plays a key role in the development of drone-based services, such as delivery and inspection, which require a high level of safety, security, andreliability. Governments are working with industry partners to develop UTM systems that can support these services by providing real-time monitoring, control, and autonomy capabilities, which will facilitate the integration of drones into the nationalairspace. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=169968151 Based on end-user, the unmanned traffic management market has been classified into commercial and government & law. The acceptance of drones has steadily been increasing across the world for use in government & law enforcement and commercial applications. Drones are witnessing increased demand owing to their cost-effectiveness and advancements in them over the last couple ofyears. Based on type, the unmanned traffic management market has been segmentedinto persistent UTM and non-persistent UTM. Unmanned traffic management (UTM) systems enable safe and efficient low-altitude airspace operations by providing services that include airspace design, dynamic geofencing, severe weather and wind avoidance, congestion management, terrain avoidance, route planning and re- routing, separation management, sequencing and spacing, and contingency management.Thesesystemsalsohelpairtrafficcontrollersdevelopairspace

2. integration plans. Unmanned traffic management systems provide data for strategic decisions related to initiation, continuation, and termination of airspace operations, in addition to the proper authentication of unmanned aircraft systems in the airspace. The characteristics of UTM systems include self-configuration, self- optimization, andself-protection. Based on region, North America is expected to lead the unmanned traffic management market from 2022 to 2030. North America accounted for the largest shareofthetotalmarketin2022.WiththeincreaseduseofUTMincommercialand military applications, drone procurement is expected to contribute to the growth of the UTM market in this region. The US and Canada are increasingly investing in the development of drones owing to their surgingdemand. News Also Covered: https://www.prnewswire.com/news-releases/unmanned- traffic-management-utm-market-worth-1-098-million-by-2030---exclusive-report- by-marketsandmarkets-301747432.html AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441