Anticipated To Reach $2.83 Billion By 2030

According to a new market intelligence report by BIS Research, titled "Global UAS Traffic Management (UTM) System Market – Analysis and Forecast, 2019-2030", the global UAS management system market is expected to reach $2.83 billion by 2030. Owing to the several factors such as increased proliferation of drones in the airspace, emerging regulations for the UAS traffic management system, the unmanned aircraft system (UAS) traffic management system, or the UTM, market is expected to witness a robust growth rate.

In the current era, drones largely encompass a broad scope of application areas, ranging from agriculture, public safety, delivery of goods, photography, and surveillance. As the need for drones continues to rise, there is an urgent requirement of establishing a system for safely managing the unmanned aerial vehicles (UAVs) in the airspace.

Since 2015, National Aeronautics and Space Administration (NASA) has partnered with FAA and other unmanned aircraft systems (UAS) industry stakeholders to develop a research platform, commonly known as unmanned traffic management system, for safe integration of small UAS into low-altitude airspace. UAS traffic management system or UTM system is an upcoming phenomenon for managing drone traffic in lower airspace and is primarily being developed for small unmanned aerial systems.

UTM systems are expected to be connected to different data providers to accumulate real-time information on weather, airspace traffic, drone registration, and credentials of drone operators, among others. The basic functionalities and operations in the UAS traffic management systems are inspired from the current manned aviation traffic management system.

The key stakeholders involved in the UAS traffic management system market include UAS Service Suppliers, Commercial Drone Operators, Communication System Providers, Data Service Providers, Law Enforcement, and Air Navigation Service Providers (ANSP).

(Source: BIS Research Report)

FMI: bisresearch.com/industry-report/uas-traffic-management-market.html