According to the latest research report titled "Unmanned Traffic Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 3,217.40 million by 2030, registering a CAGR of 17.8% during 2022-2030.

Stringent Regulations and Certification Procedure

The recreational and commercial applications of UAVs and UASs are still evolving, and consequently, the regulations surrounding their use are also developing. According to a Government Accountability Office (GAO) report released in January 2021, the FAA's UTM ecosystem lacked adequate communication with stakeholders, and there was limited information on measuring progress. The FAA has stated that establishing regulatory frameworks and developing rules of operation for the UTM ecosystem will require additional time since it involves multiple stakeholders. These factors have made it more difficult for flight operators to obtain a Special Flight Operations Certificate (SPOC) for BVLOS missions. Additionally, concerns about drone crashes have led to stricter drone-related regulations. For example, in June 2021, an Amazon Prime delivery drone prototype (model MK27) crashed in a field, causing a fire that spread over 23 acres of land. Collectively, these factors are constraining the growth of the unmanned traffic management market to some extent.

To promote the faster and safer adoption of drones and UAVs, the FAA and similar organizations have been taking proactive steps to address the challenges involved. In March 2022, the US FAA announced its plans to grant type certificates for UAS as special classes of aircraft. Typically, many small drones operate at low altitudes and within visual line of sight (VLOS), which the FAA considers as low-risk operations that do not require a license to operate recreationally or require pilots to pass a test to undertake commercial operations under Part 107 regulations. However, drones weighing over 25 kg or those wishing to operate beyond VLOS need further certification. The type certification issued for a specific aircraft model means that the manufacturer has met specific safety standards necessary for operating in the National Airspace System (NAS). This process can be costly for manned aircraft, but for UAS and UAVs, it is expected to be streamlined, allowing easier certification procurement since they do not transport humans. As a result, the impact of the unmanned traffic management market restraint is expected to be reduced to some extent.

Unmanned Traffic Management Market - Key Findings:

Based on application, the unmanned traffic management market is segmented into communication, navigation, surveillance & monitoring, and others. The communication segment held the largest share in the unmanned traffic management market in 2021. By end use, the unmanned traffic management market is segmented into agriculture and forestry, logistics & transportation, surveillance, and others. The logistics and transportation segment dominated the unmanned traffic management market due to major adoption of UASs in logistic services. The key players profiled in the unmanned traffic management market study are Lockheed Martin Corp, Leonardo SpA, Thales SA, Raytheon Technologies Corp, Altitude Angel Ltd, Frequentis AG, AirMap Inc, Unify NV, OneSky Systems Inc, and Thales SA. The unmanned traffic management market report provides detailed market insights, which helps the key players to strategize their growth in the coming years.

The unmanned traffic management market is being supported by the growing initiatives of key players and governments to promote the adoption of urban air mobility. For example, in May 2022, Airbus partnered with new Italian flag carrier ITA to develop the unmanned traffic management market in Germany, with a focus on developing vehicles, infrastructure, and unmanned traffic management services. In addition, a European consortium coordinated by Future Mobility Campus Ireland (FMCI) in Shannon was approved by the EU in July 2022 to develop aerial unmanned traffic management (UTM) systems. These developments are increasing air traffic and driving the demand for unmanned traffic management systems in Europe. Moreover, the European Commission adopted the U-space package in April 2021, comprising three regulations that create the necessary conditions for both drones and manned aircraft. Hence, European countries are fast-tracking the implementation of drone ecosystems across the region. Aerospace giants such as Honeywell and Rolls-Royce have established specialized units for urban air mobility, exploring technologies including electric and hybrid systems, actuation, and autonomous flight systems for unmanned aerial vehicles.

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