Unmanned Traffic Management: Global Market Outlook (2018-2025) - CAGR to Grow at 20.28% with Logistics & Transportation Projected to Dominate - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Unmanned Traffic Management Market by End Use (Agriculture, Logistic, Surveillance), Solution (Communication, Navigation, Surveillance), Component (Hardware, Software, Service), Type (Persistent, Non-Persistent), Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The unmanned traffic management market is estimated to be USD 538.2 million in 2018 and is projected to reach USD 1,960.6 million by 2025, at a CAGR of 20.28% during the forecast period.
This growth can be attributed to the increasing use of drones in the logistics & transportation and other commercial applications. The increasing requirement of UTM solutions to integrate autonomous aerial vehicles in the commercial airspace is another factor influencing the growth of the unmanned traffic management market.
Based on end use, the logistics & transportation segment is estimated to lead the unmanned traffic management market in 2018. The growth of this segment can be attributed to the increase in the adoption of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies.
Based on solution, the communication infrastructure segment is estimated to lead the unmanned traffic management market during the forecast period. The growth of this segment is driven by the increasing adoption of Beyond Line of Sight Operations (BVLOS), which require accurate communication between UTM and drone operators.
Based on component, the service segment is estimated to lead the unmanned traffic management market in 2018. The major focus of unmanned traffic management will be on service providers supplying flight and security and information to UTM as well as drone operators.
Based on type, the persistent unmanned traffic management segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rise in the logistics and transportation activities in developed countries such as the US, the UK, and Switzerland.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Unmanned Traffic Management Market, By End-Use
8 Unmanned Traffic Management Market, By Solution
9 Unmanned Traffic Management Market, By Type
10 Unmanned Traffic Management Market, By Component
11 Unmanned Traffic Management Market, By Region
12 Competitive Landscape
13 Company ProfilesLeonardo Frequentis Altitude Angel Harris Skyward IO Lockheed Martin Airmap Nova Systems Thales Group Unifly Rockwell Collins Precisionhawk DJI Sensefly Viasat Analytical Graphics Nokia UTM Startup
For more information about this report visit https://www.researchandmarkets.com/research/9kff8l/unmanned_traffic?w=4
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SOURCE: Research and Markets
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PUB: 10/09/2018 07:33 AM/DISC: 10/09/2018 07:32 AM