The UTM System market is expected to have new prospects emerge by 2028
The UTM System market is expected to have new prospects emerge by 2028
The Global UAS Traffic Management (UTM) System market research report 2018 gives an in-depth analysis of the present and future UAS Traffic Management (UTM) System industry along with the market size of the particular segment. It predicts the forecast trends and future growth potential of the industry over the coming years. The UAS Traffic Management (UTM) System report also discusses several other aspects related to the international UAS Traffic Management (UTM) System market in details such as drivers, restraints, opportunities, challenges, and key players.
Market Analysis
3D Robotics, Inc. (3DR), AirMap, and Airware are the major players in the worldwide UTM system market. The software segment dominates the global UTMS system market. North America is expected to account for more than a quarter of the total revenue share in this segment during the forecast period, due to its geographical proximity with Mexico and Canada as well as less stringent regulations over drone usage. 3DR accounted for a dominant share of 23% in this segment in 2017.
In spite of its dominance, however, the company has been witnessing a gradual decline in revenue from UTMS systems because of increased competition from other players such as DJI, which has been witnessing an increasing number of sales contracts with enterprises from all over the world. Companies across industries will increasingly rely on drones for various applications, including logistics, delivery services, inspection operations and search-and-rescue operations. As the availability of drones increases, organizations will invest in automated vehicle traffic management systems that would aid drone operators in managing their flights to avoid midair collisions or airport interference.
Overview of Key Players in the UTM market
Drone flights are becoming more popular in commercial use, and as the number of drones used for commercial purposes continues to grow, so does the demand for a system to manage drone traffic. One such system is called the UAS Traffic Management (UTM) System. The three key players in this market are 3D Robotics, Inc., AirMap, and Airware.
3D Robotics has been around since 2009 and offers software solutions for multirotor unmanned aerial systems (UAS). AirMap provides airspace solutions that enable safe drone operations at scale. Airware offers UTM solutions that include apps and data management platforms as well as flight planning services. According to Forbes magazine, all three companies are leading the charge in the industry. They provide various UTM solutions with varying degrees of success in different markets. For example, 3D Robotics uses DJI drones for agriculture and mining projects.
On the other hand, AirMap provides airspace solutions primarily for government agencies and enterprises on a global level but also offers the ability to create geo-fences on iOS or Android devices with its app. These barriers would prevent any drones from entering those spaces without permission from their owners. Finally, AirWare primarily focuses on industries such as energy, utilities, forestry & agriculture where they offer both an app and cloud-based platform to gather mapping data while simultaneously providing an interface with which law enforcement can detect illegally operating or stolen drones near power lines or dams.
Trends and Market Forecasts - 2024
The UMTS system market is projected to grow from USD 1.4 billion in 2017 to USD 4.2 billion by 2024, at a CAGR of 16.7% during the forecast period. The major drivers for this growth are growing use of drones in different industries and increased security concerns regarding safety, privacy, and surveillance.
One challenge faced by the UTMS system market is the lack of a clear regulatory framework governing drone operations and usage. In addition, some other challenges that may restrain this industry's growth are stringent government regulations; high initial investment cost; lack of scalability in terms of hardware components; lack of data interoperability among various stakeholders; dependence on third-party vendors; and complexity in implementation procedures for hardware components such as radars or cameras.
Various solutions aimed at addressing these issues include pre-defined flight routes and waypoints (e.g., on highways) with defined altitudes, maximum allowable takeoffs per hour per airport, designated zones within an airport where drones can fly without human intervention etc., all geared towards optimizing safe, efficient airspace management. Some solutions being proposed include installing small radio devices into every aircraft which will broadcast their location continuously to receivers located in specific areas so that no object can enter restricted airspace undetected (e.g., airports). Another possible solution could be making them smart enough so that they can reactively avoid collisions when entering restricted airspace.
Leading players in the UTM industry
AirMap, Airware, and 3D Robotics are leading players in the UMTS industry. These companies provide software and hardware for unmanned aerial vehicle (UAV) operators. AirMap offers a ground control station that allows users to view a map of airspace overlaid with obstacles and provides warnings if they are in danger of violating regulations.
Airware provides 3-D modeling software that allows customers to simulate their flight environments before they fly. Finally, 3D Robotics sells drones through its online store as well as providing drone-based data analytics and online support services. The company also supplies hardware such as controllers, computers, gimbals, autopilots and sensors to drone makers who want to integrate them into their own products. In 2017, 3D Robotics had begun making moves to become less reliant on the sale of drones for revenue.
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