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The global market for Unmanned Traffic Management (UTM) estimated at US$603.6 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 18.1% over the analysis period. This is the forecast of a new market study published by market research company Global Industry Analysts (GIA).
UTM is defined as “an automated workflow infrastructure process encompassing flight, from flight planning, through in-flight monitoring, separation assurance and collision resolution,” according to the report, cited by prnewswire.com.
UTM is growing in popularity and importance as the only feasible technology solution to ensure the safety of drones and aircraft.
Global growth factors will be driven by growing UAV traffic in the commercial airspace. The approval of commercial drones and their legal use is directly related to the development of workable and reliable UTM solutions since uncontrolled flying puts infrastructure and lives in danger and increases the risk of damage to people and property.
Continuous innovations in detect-and-avoid technology are vital to the successful development of UTM and also for the integration of drones into the national airspace.
Public and private investments in UTM are growing as companies scramble to get their drones ‘airworthy’ via beyond visual line of sight (BVLOS) criteria.
Successfully tested UTMs are eligible for waiver from the line-of-sight requirement imposed by the Federal Aviation Administration (FAA) in the US.
As drones prove indispensable for timely and effective Covid-19 epidemic monitoring and response, demand for drones is fast-tracking and UTM will also grow in prominence and urgency as the world anxiously awaits safe drone operation.
The future expansion of the UTM services market is anticipated to be favored by supportive standards and regulations that would allow for commercial, regular and automated BVLOS operations across Europe and North America.
Geographically, the U.S. market is estimated at $453.4 million in 2021, while China is forecast to reach $79.1 million by 2026.