According to Fortune Business Insights™, the global unmanned traffic management market ****size was valued at USD 0.79 billion in 2020 and is projected to grow from USD 0.92 billion in 2021 to USD 3.59 billion by 2028, exhibiting a CAGR of 21.40% during the forecast period. North America dominated the market with a share of 37.97% in 2020, driven by technological advancements and the increasing adoption of UAV applications across commercial and defense sectors.

The UTM market is witnessing robust expansion, fueled by the rising use of drones for logistics, surveillance, agriculture, disaster response, and military applications. NASA and the Federal Aviation Administration (FAA) are leading research to establish standardized UTM systems, with global stakeholders expected to follow suit.

Competitive Landscape

Key companies are focusing on mergers, acquisitions, product rollouts, and R&D to expand their market footprint.

Major Players:

• Frequentis (Austria)
• Leonardo S.p.A. (Italy)
• Thales Group (France)
• L3Harris Technologies Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Airbus SE (France)
• Raytheon Technologies Corporation (U.S.)
• Nova Systems (Australia)
• Unifly (Belgium)
• PrecisionHawk (U.S.)
• Altitude Angel Limited (U.K.)

Information Source:

https://www.fortunebusinessinsights.com/unmanned-traffic-management-market-106651