Drone
traffic management market is predicted to proliferate substantially during the
forecast period, thanks to the rapid growth in digitalization and increasing
adoption of advanced technologies by enterprises to meet the need for growing
business along with the increase in adoption of drones in commercial &
government applications. As traffic congestion has become a major problem
nowadays. The increasing traffic jams have severely impacted the lives of
citizens globally. Traffic management allows businesses to improve air quality
by reducing air pollution generated by slow-moving traffic, helps in
maintaining traffic speed control, and reduces delays to public transport.
Additionally,
the rise in demand for real-time traffic information to drivers and passengers
is increasing the demand for traffic management globally. To maintain traffic
flow and safety management, businesses are increasingly utilizing smart traffic
management solutions to control traffic and monitor performance to reduce
infrastructure damage. Numerous innovations carried out in cloud computing, and
5G infrastructure technologies are expected to enhance the features of drone
traffic management. This, in turn, is expected to drive the market growth
during the forecast period.
A
drone or unmanned traffic management system (UTM) is referred to as the traffic
operating system of an unmanned ariel vehicle (UAV), which is required to
integrate communication effectively & efficiently and control multiple UAS
fleets into existing airspace. UTM can provide a more digital, interoperable,
and scalable approach to drone tracking and real-time transmission of videos,
images, and sensor data. A drone or unmanned traffic management system (UTM) is
a key enabler for the future of unmanned aircraft system (UAS)/remotely piloted
aircraft system (RPAS), autonomous passenger drones, and verticals take-off and
landing (VTOL) air systems. Though the market is growing fast, new applications
continue to grow value for customers.
As
drones have proven to be an important tool, new unmanned aircraft systems (UAS)
are being demonstrated across the world daily with enhanced technical
capabilities to push the boundaries of the unmanned aviation industry. These
technological advancements have enabled UAS to conduct various complex
operations, including but not limited to surveillance, surveying, spraying,
mapping, inspections, and deliveries, especially in low-level airspaces. Such
use cases have empowered stakeholders and businesses across different
industries, such as agriculture, construction, disaster management, energy,
GIS, healthcare, insurance, security, mining, oil and gas, and telecom, to
improve their efficiency and deliver enhanced services. It is natural that
progressively the density of UA in the airspace is going to increase the range
of potential airborne drones.
Increase
in Uptake of Drones in Commercial & Government Applications
The
major factor driving the drone traffic management market is the increase of
UAVs and drones in commercial appliances primarily logistics &
transportation, greater demand for drone surveillance in military and armed
forces, and drone monitoring in agriculture and forestry. Companies find ever
more innovative ways to gather information and improve logistics. With this
growth comes a tremendous responsibility to put a globally harmonized traffic
management system in place. Despite all these potential benefits and as skies
become the next frontier, there will be a need for more advanced and successful
UTM systems to facilitate growth in the elevated mobility market, streamline
operations and ensure public safety and security. For instance: The European
Aviation Safety Agency (EASA) is working on finalizing the first EU rules for
all types of unmanned aircraft vehicles. At present, EASA only has regulations
for unmanned aircraft above 150 kilograms.
Additionally,
in Australia, the Civil Aviation Safety Authority (CASA) has allowed the
employment of drones, and operators do not need any permit for VLOS operations
if a drone weighs less than 2 kilograms or 4.41 lb. and flies within 400 feet
above the ground over unpopulated areas. Moreover, businesses across all
verticals have started realizing the upsides of the including drones into their
operations, which are cost efficiency, time-saving, and technological
advancements that drones can weave into a business. This has led to a
significant increase in usage, experiments, and trials of UAVs by the government
and enterprises across sectors. Therefore, the increase in the uptake of drones
in commercial and government applications is expected to fuel the demand for
drone traffic management solutions during the forecast period.
Increasing
Focus on Existing Traffic Upgradation
The
current surge in traffic, thanks to the high uptake of vehicles, has increased
the demand for effective traffic management with security and safety, which has
caused businesses to reevaluate their traffic control systems. An effective
traffic management system is becoming increasingly popular among countries that
are eager to embrace congestion-free traffic. Enterprises are enabling smart
traffic management systems to centralize the control function to moderate
traffic conditions by analyzing real-time traffic situations, improvising
traditional ticketing with an automated E-bill payment system and
congestion-free traffic, and helping in eradicating pollution. This has
provided an edge to several applications’ performance and offered a
high-quality user experience, contributing to the growth in business
productivity, agility, and control of the infrastructure costs.
Moreover,
the integration of intelligence to monitor and manage traffic, are intelligent
insights and solutions for current problems through a few modifications and
technology integrations providing an overall level of traffic management and
greenhouse gas (GHG) emissions. For instance, Pittsburgh installed the Surtrac
technology from Rapid Flow Technology at 50 crossings around the city. The
decentralized system detects vehicle traffic using a combination of video
detection and radar, adjusting signals in real time with software powered by
artificial intelligence. The uptake has had significant results, including a
26% reduction in travel times, a 41% decrease in junction wait times, and a 21%
reduction in car emissions. Therefore, increasing focus on existing traffic
upgradation is expected to fuel the adoption of drone traffic management in the
global market over the next few years.
Digitalization
and Increasing Adoption of Advanced Technologies Driving Market
The
rising uptake of advanced technologies and growing digitalization are
propelling the growth of the traffic management market globally. The
involvement of enterprises in adopting artificial intelligence (AI), machine
learning (ML), and virtual reality (VR) applications during the IT process
requires enhanced network capacity. In many companies, improving the efficiency
of platforms and apps used by businesses for marketing, social media, and
e-commerce initiatives is one of the main goals of digital transformation.
Moreover,
drone traffic management is helping enterprises save money and enabling a more
flexible real-time approach by increasingly digitizing the need for various
network processes as the need for connectivity is growing. By replacing
expensive MPLS lines with internet connections, enterprises can reduce costs by
up to 80%. Furthermore, users can connect from everywhere to predict the
traffic due to an effective traffic management system, allowing customers to
stay connected when traveling for work from another location. Thus, growing
digitalization and the increasing uptake of advanced technologies are likely to
drive the global drone traffic management market during the forecast period.
Increase
Number of Cloud-based Solutions to Propel Market
With
the growing benefits of integrating cloud services, enterprises are rapidly
adopting cloud-based solutions into their infrastructure. This technology is
helping in delivering an effective cloud connection to the network. Traffic
Management simplifies secure site-to-cloud connections helping to meet the
bandwidth demand. Branch networking requirements are changing with the
widespread adoption of cloud services that are connected over the Internet. As
cloud services connected through the internet become more and more popular, the
need for effective branch networking is evolving. In practice, companies are
compelled to rely more heavily on the Internet to support their cloud-based
applications. The number of individuals utilizing the internet has increased,
as a result, the demand for cloud-based services is also rising.
The
traffic management sector has greater options due to the usage of cloud-based
services, which also leads to easier network management, high application
performance, increase bandwidth and network availability, and reduce overhead
costs. Therefore, the increasing number of cloud-based solutions is projected
to propel the global drone traffic management market during the forecast
period.
Recent
Advancements
- On
March 16, 2023, Iteris, Inc. global leader in smart mobility
infrastructure management announced the enhancement of its ClearMobility
Platform by integrating the Additional HERE Technologies Capabilities. The
partnership will provide the enterprises and various users an option for
actionable insights including transportation engineers, transportation
planners, infrastructure operators, and roadway construction teams.
- On
February 07, 2023, Skye Air, a Gurugram-based drone solution provider
announced the launch of a next-generation Traffic Management system for
drones in India. The software will enable drone operators to plot routes,
develop flight plans, and evaluate dangers before running drone-based
operations in the country.
- On
February 07, 2023, Skykraft, an Australian space-services company
announced the launch of its first stack of air traffic management
satellites, with the 300 Kg payload reaching low earth orbit. The global
system will increase air traffic management efficiency, reduce carbon
dioxide emissions, and fill gaps in both surveillance and communications
in remote locations.
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Market
Segmentation
Based
on type, the market is segmented into persistence and non-persistence. Based on
component, the market is segmented into hardware, software, and services. Based
on the solution, the market is segmented into communication infrastructure,
surveillance Infrastructure, navigation Infrastructure, and others. Based on
end user, the market is bifurcated into transportation & logistics,
surveillance & monitoring, agriculture & forestry, defense & space,
and others. The market analysis also studies the regional segmentation to
devise regional market segmentation, divided among North America, Europe,
Asia-Pacific, South America, and the Middle East & Africa.
Company
Profiles
Airmap
Inc., Delair-Tech, Altitude Angel Limited, Analytical Graphics Inc, SZ DJI
Technology Co. Ltd, Frequentis AG, Harris Corporation, Lockheed Martin
Corporation, Leonardo S.P.A, Nova Systems, Thales Group, Nokia Corporation,
PrecisionHawk Inc, Sensefly Innovations Private Limited, and AiRXOS are major
players that are driving the global drone traffic management market.
Attribute
|
Details
|
Base Year
|
2022
|
Historical Years
|
2018 –
2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024
– 2028
|
Quantitative Units
|
Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments Covered
|
By Type
By Component
By Solution
By End User
By Region
|
Regional Scope
|
Asia-Pacific,
North America, Europe, Middle East & Africa, and South America
|
Country Scope
|
China, Japan, India, Australia, South Korea, Singapore, United
States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy,
Austria, Norway, Israel, Qatar, Saudi Arabia, UAE, South Africa, Brazil,
Argentina, Colombia
|
Key Companies Profiled
|
Airmap. Inc,
Delair-Tech, Altitude Angel Limited, Analytical Graphics Inc, SZ DJI
Technology Co. Ltd, Frequentis AG, Harris Corporation, Lockheed Martin
Corporation, Leonardo S.P.A, Nova Systems, Thales Group, Nokia Corporation,
PrecisionHawk Inc, Sensefly Innovations Private Limited, AiRXOS
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in PPT/pdf
format on special request)
|
Report
Scope:
In this report,
the global drone traffic management market has been segmented into the
following categories, in addition to the industry trends, which have also been
detailed below:
- Global Drone Traffic Management
Market, By Type:
- Persistence
- Non-Persistence
- Global Drone Traffic Management
Market, By Component:
- Hardware
- Software
- Service
- Global Drone Traffic Management
Market, By Solution:
- Communication Infrastructure
- Surveillance Infrastructure
- Navigation Infrastructure
- Others
- Global Drone Traffic Management Market,
By End-User:
- Transportation & Logistics
- Surveillance & Monitoring
- Agriculture & Forestry
- Defense & Space
- Others
- Global Drone Traffic Management
Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Austria
- Norway
- Middle East & Africa
- Israel
- Qatar
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the global drone traffic management
market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
Detailed
analysis and profiling of additional market players (up to five).
Global Drone
Traffic Management Market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]