UAS Traffic Management system is a recently developed technology contemplated to manage drones traffic in the lower level of airspace. According to the latest market intelligence report by BIS Research titled, ‘Global UAS Traffic Management(UTM) System Market,’ it is expected that the UTM system can generate $3 billion of revenue by the year 2026. This significant market growth is attributed to the increase in the adoption of drones, emerging regulations for UTM system, and the keyholders, who are working together to develop a common UTM system. Various profitable opportunities are expected to emerge for different stakeholders with the UTM system replacing the existing air traffic management (ATM) for both manned and unmanned aviation.
The UTM system is envisaged to be a system of several subsystems which will work together to provide an end to end service. The system when connected with different data providers accumulates real-time information of weather, air-space traffic, drone registrations, and credentials of drone operators, among others. UTM system uses different technologies. However, the basic key functionalities and operation in UAS Traffic management are based on the current manned aviation traffic management system. Security and safety concerns for the public, privacy concerns, and vulnerability to cyber attacks are some of the major challenges for the growth of the UTM system market.
UAS Service supplier, Commercial Drone Operator, Communication System Provider, Data Service Provider, Law Enforcement, and Air Navigation Service Provider (ANSP) are some of the prominent companies in the market for UTM system. UAS service supplier (USS) is one of the core stakeholders in the UAS traffic management system market, and the USS is anticipated to handle all the core functionalities areas in the global market. Currently, companies do offer solutions based on UTM system UTM system. However, fully developed UTM system is still not commercially available in the market. Owing to the constant developments by both the public and private stakeholders, the UTM system has the potential to generate a large amount of revenue on a global level.
Geographically, the market for UAS Traffic management system can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). North America and Europe are the two prominent regions working extensively to develop the UAS Traffic management system’s structure. Various Countries’ governments are collaborating with the stakeholders to draft the rules and regulations for the adoption of the UTM system. In the Asia-Pacific, countries are taking proper measures to develop UTM system for incorporating more drones in the airspace. However, across the globe, UTM system is in its development phase and is expected to garner the attraction in future.
BIS Research has conducted extensive research on the global UAS traffic management system market and compiled the observation and insight in this report. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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