
Report ID: UCMIG20A2044
SkyQuest Technology's Unmanned traffic management market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Unmanned Traffic Management Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
In 2020, the unmanned traffic management market had a size of USD 0.79 billion. Between 2021 and 2028, the market is expected to grow at a compound annual growth rate (CAGR) of 21.40%, increasing from USD 0.92 billion to USD 3.59 billion. This growth is being driven by the rise in drone activities in developed countries, for both commercial and military purposes. Despite the impact of COVID-19 on the global economy, the unmanned traffic management system experienced a positive effect on demand across all regions. However, the market growth in 2020 was lower than the average year-on-year growth seen during 2017-2019, with an increase of 12.32%. Nevertheless, the market is predicted to return to pre-pandemic levels once the pandemic is over, resulting in the projected rise in CAGR.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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The market for Unmanned Traffic Management was estimated to be valued at US$ XX Mn in 2021.
The Unmanned Traffic Management Market is estimated to grow at a CAGR of XX% by 2028.
The Unmanned Traffic Management Market is segmented on the basis of Component, Solution, End-Use, regions.
Based on region, the Unmanned Traffic Management Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Unmanned Traffic Management Market are 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.).
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Report ID: UCMIG20A2044
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