{"id":110531,"date":"2021-04-02T22:00:00","date_gmt":"2021-04-02T22:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2857886"},"modified":"2021-04-02T22:00:00","modified_gmt":"2021-04-02T22:00:00","slug":"will-unmanned-traffic-management-market-carry-its-growth-momentum-post-covid-19-read-more-to-know","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/04\/02\/will-unmanned-traffic-management-market-carry-its-growth-momentum-post-covid-19-read-more-to-know\/","title":{"rendered":"Will Unmanned Traffic Management Market carry its growth momentum post COVID-19? Read more to know."},"content":{"rendered":"

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The Unmanned Traffic Management Market is expected to grow at CAGR of 21.2% during 2020-2025, according to a report from Stratview Research.<\/p>\n

\"Unmanned<\/p>\n

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COVID-19 pandemic \u2013 Boon or a Curse to the industry?<\/strong><\/p>\n

The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the \u2018pause button\u2019 for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.<\/p>\n

Key insights on <\/strong>Unmanned Traffic Management Market<\/strong><\/p>\n

Unmanned traffic management market\u00a0<\/a><\/strong>is likely to witness an impressive\u00a0CAGR of 21.2%<\/strong>\u00a0during the forecast period. The unprecedented growth is owing to the growing employment of drones in logistics & transportation and other commercial applications. The escalating need for UTM solutions to assimilate self-governing aerial vehicles in commercial airspace is another factor significantly contributing to the growth of the global unmanned traffic management market.<\/p>\n

Regional Insights<\/strong><\/p>\n

In terms of regions,\u00a0North America dominated the unmanned traffic management market in 2018, and is estimated to maintain its dominance<\/strong>\u00a0in the coming five years, driven by the growth in drone activities, rise in investments by various government agencies on drone BVLOS operations, and the regional presence of major global giants, such as AirMap, Lockheed Martin Corporation, and Harris Corporation. The North American region is expected to witness the highest growth during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.<\/p>\n

Wish to get a free sample? Click here: <\/strong>https:\/\/www.stratviewresearch.com\/Request-Sample\/617\/unmanned-traffic-management-market.html#form<\/a><\/p>\n

Market Scope & Segmentation<\/strong><\/p>\n

Unmanned Traffic Management Market Share: By<\/strong>\u00a0End-Use Type\u00a0<\/strong><\/p>\n

Based on the end-use type, the market is segmented as agriculture & forestry, logistics & transportation, surveillance & monitoring, and others.\u00a0The logistics & transportation segment dominated the market in 2018, and is likely to continue its leading position\u00a0<\/strong>during the forecast period. The growth of this segment is owing to the growth in application of small Unmanned Aerial Systems (below 25 kg in weight) by e-commerce and retail companies.<\/p>\n

Unmanned Traffic Management Market Share: By\u00a0Solution Type<\/strong><\/p>\n

Based on the solution type, the market is segmented as communication infrastructure, navigation infrastructure, surveillance infrastructure, and others.\u00a0The communication infrastructure segment is expected to remain dominant\u00a0<\/strong>during the forecast period. The growth of this segment is driven by the growing acceptance of Beyond Line of Sight Operations (BVLOS), which demand precise communication between UTM and drone operators.<\/p>\n

Unmanned Traffic Management Market Share: By\u00a0Type<\/strong><\/p>\n

Based on the type, the market is segmented as non-persistent UTM and persistent UTM.\u00a0The persistent UTM segment is estimated to register a higher growth\u00a0<\/strong>in the coming five years. This growth can be attributed to the increase in logistics and transportation activities in the developed economies, such as the US, the UK, and Switzerland.<\/p>\n

Unmanned Traffic Management Market Share: By\u00a0Component Type<\/strong><\/p>\n

Based on the component type, the market is segmented as hardware equipment, software, and services. \u00a0The services segment commanded the market in 2018, and is likely to remain dominant\u00a0<\/strong>during the forecast period as well. The prime focus of unmanned traffic management will be on service providers delivering flight and security and information to UTM as well as drone operators.<\/p>\n

Go through the Table of Contents: <\/strong>https:\/\/www.stratviewresearch.com\/toc\/617\/unmanned-traffic-management-market.html<\/a><\/p>\n

Which key questions will this report answer?<\/strong><\/p>\n

This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.<\/p>\n

Some of the key questions answered by the report are:<\/p>\n