UAS traffic management system or UTM system is an upcoming phenomenon for managing drone traffic in lower airspace and is primarily being developed for small unmanned aerial systems. The UTM system is envisaged to be a system of several subsystems which will work together to provide an end-to-end service. The UTM system will be connected to different data providers to accumulate real-time information of weather, airspace traffic, drone registration and credentials of drone operators, among others.
The basic functionalities and operations in the UAS traffic management systems are inspired from the current manned aviation traffic management system. The key stakeholders involved in the UAS traffic management system market include UAS Service Supplier, Commercial Drone Operator, Communication System Provider, Data Service Provider, Law Enforcement, and Air Navigation Service Provider (ANSP).
According to a new market intelligence report by BIS Research, titled "UAS Traffic Management System (UTM) Market", is expected to reach $3.62 Billion by 2026. The market is driven by number of factors such as increase in the number of drones in the airspace, emerging regulations for the UAS traffic management system, and developments of the key stakeholders working towards a common UTM architecture.
Furthermore, number of opportunities is expected to be created for different stakeholders as the UAS traffic management (UTM) system is envisioned to replace the existing air traffic management (ATM) system for manned and unmanned aviation.
The key stakeholders in the UTM system market are striving vigorously towards the development of a common UTM architecture through collaborating with each other and government authorities. At present, fully developed UAS traffic management system is not commercially available in the market. However, because of constant developments by both the public and private sector stakeholders, the UTM system market has the potential to generate over a billion dollar revenue in the next decade. According to BIS Research analysis, the global UAS traffic management system market is estimated to reach $3.62 billion by 2026.
UAS traffic management system is a system-of-systems. There are several stakeholders involved in the UAS traffic management system market and these stakeholders will handle different sub-systems once the final architecture is ready. AirMap, Unifly, and Skyward.io, 3D Robotics, Airware, Altitude Angel, Analytical Graphics, Inc., and PrecisionHawk, among others, are some of the key stakeholders that are collaborating with other companies for the development of a common UAS traffic management architecture.
According to Gaurav Shukla, analyst at BIS Research, “The UAS traffic management system is an upcoming phenomenon, which is being developed for safe and secure incorporation of drones into the airspace primarily for BVLOS operations. The key stakeholders and government authorities are working alongside for the development of its architecture.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary and SWOT analysis. The report also provides a detailed competitive analysis of all the stakeholders including their roles and responsibilities, current challenges and future opportunities. The report also includes a comprehensive section on the geographical analysis including the key developments in the prominent countries.
This report is a meticulous compilation of research on more than 50 players in the UAS traffic management ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 15 leading companies and market participants. The report also profiles around 15 companies among which are AirMap, Unifly, and Skyward.io, 3D Robotics, Airware, Altitude Angel, Analytical Graphics, Inc., and PrecisionHawk.
Key questions answered in the report:
- What are the major market drivers, challenges and opportunities in the global UAS traffic management system market?
- How the UAS traffic management system market is evolving and what is its scope in the future?
- What was the total unit shipment in the global commercial drones market in 2016, and what is the forecast till 2026?
- Who are the different stakeholders and how are they contributing to the market?
- What are the current challenges and future opportunities for the key stakeholders?
- What will be the possible revenue model of the UTM system market?
- What are the key developmental strategies implemented by the key players to stand out in this market?
- What are the key developments happening for the UAS traffic management system market in different geographies?
- What are the major challenges and future opportunities across different geographies?
- Who are the key players in the global UAS traffic management system market??
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