Unmanned Traffic Management (UTM) Market To Witness the Highest Growth in North America Region

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Unmanned Traffic Management (UTM) Market to
Witness the Highest Growth in North America
Region
According to the new market research report on
the "Unmanned Traffic Management (UTM) Market
by End Use (Agriculture, Logistic,
Surveillance), Solution (Communication,
Navigation, Surveillance), Component (Hardware,
Software, Service), Type (Persistent,
Non-Persistent), Region - Global Forecast to
2025", 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 from 2018 to 2025. The
increasing demand for Internet of Things (IoT),
augmented reality, and ADS- B control tracking
of UAS are some of the key technologies driving
the unmanned traffic management market.
Download PDF Brochure _at_ https//www.marketsandmark
ets.com/pdfdownloadNew.asp?id169968151 North Amer
ica is expected to be the fastest-growing unmanned
traffic management market during the forecast
period. North America is expected to be the
fastest-growing market during the forecast
period. The growth of the unmanned traffic
management market in North America can be
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attributed to the increasing investments by
governments to carry out UTM trails on various
sites including airports and other urban
sites. Based on end use, the surveillance
monitoring segment of the market is projected to
grow at the highest CAGR during the forecast
period. The surveillance monitoring segment of
the UTM market is projected to be the
fastest-growing end-use segment during the
forecast period. The growth of this segment
can be attributed to the rise in the need for
continuous surveillance and monitoring by small
unmanned aerial vehicles in developed
countries. Based on component, the software
segment of the unmanned traffic management
market is projected to grow at the highest
CAGR during the forecast period. Based on
component, the software segment is projected to
grow at the highest CAGR during the forecast
period. This growth can be attributed to the
increasing use of drones in a variety of tasks,
such as search rescue operations,
infrastructure monitoring, and package delivery
services.
Based on solution, the surveillance
infrastructure segment of the market is projected
to grow at the highest CAGR from 2018 to
2025. Based on solution, the surveillance
infrastructure segment of the market is projected
to grow at the highest CAGR during the
forecast period. Radar, Wide Area
Multilateration (WAM), Multilateration (MLAT),
ADS-B, mobile telecom networks, Internet of
Things (IoT), Near Field Communication (NFC), and
Long Range (LoRa) are some of the technologies
that can be utilized in the construction of
surveillance infrastructure. Based on type, the
persistent segment of the unmanned traffic
management market is projected to grow at the
highest CAGR during the forecast period. Based on
type, the persistent segment of the unmanned
traffic management market is projected to grow at
the highest CAGR during the forecast period. This
growth can be attributed to the increasing
adoption of drones by the e-commerce and medical
industries along with the increasing use of
drones in logistics and transportation
applications to monitor wide geographic
areas. Key Market Players Major companies in the
unmanned traffic management market include
Frequentis (Austria), Leonardo Finmeccania
(Italy), AirMap (US), Altitude Angel (UK),
Thales Group (France), Harris Corporation (US),
Skyward IO (US), Lockheed Martin (US), Nova
Systems (Australia), Unifly (Belgium), and
PrecisionHawk (US). These players
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offer hardware and software solutions as well as
services, such as flight information and
security. New product development, partnerships,
and contracts were the main strategies adopted by
these players to retain their position in the UTM
market. Ask for Sample Report _at_ https//www.mark
etsandmarkets.com/requestsampleNew.asp?id16996815
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