The Business Research Company’s Unmanned Traffic Management Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Unmanned Traffic Management Global Market Report 2023 evaluates unmanned traffic management market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global unmanned traffic management market is expected to grow from $1.08 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The unmanned traffic management market is expected to reach $2.85 billion in 2027 at a CAGR of 21.3%.
Increasing drone activities are expected to propel the growth of the unmanned traffic management market going forward. Drones are remotely piloted aircraft or autonomous systems that can fly without a human onboard. The increasing number of drone activities increases air traffic, which can be managed using unmanned traffic management systems. For instance, in March 2023, according to Flytrex, an Israel-based drone delivery start-up, Flytrex completed over 21,350 drone deliveries, which was a seven-fold increase as compared to 2021, resulting drone service user base increased by 765% during 2021–2022. Therefore, increased drone activity is driving the unmanned traffic management market.
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The unmanned traffic management market segments in the report are:
1) By Type: Persistent, Non-Persistent
2) By Component: Hardware, Software, Services
3) By Application: Aviation, Homeland Security, Agriculture, Logistics And Transportation, Other Applications
The table of contents in TBRC’s unmanned traffic management market report includes:
- Executive Summary
- Unmanned Traffic Management Market Characteristics
- Unmanned Traffic Management Market Trends And Strategies
- Unmanned Traffic Management Market – Macro Economic Scenario
- Global Unmanned Traffic Management Market Size and Growth
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- Unmanned Traffic Management Market Other Major And Innovative Companies
- Global Unmanned Traffic Management Market Competitive Benchmarking
- Global Unmanned Traffic Management Market Competitive Dashboard
- Key Mergers And Acquisitions In The Unmanned Traffic Management Market
- Unmanned Traffic Management Market Future Outlook and Potential Analysis
Top Major Players
- Droniq GmbH
- Raytheon Company
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Honeywell International Inc
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