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Unmanned Traffic Management Market to reach $2.95 Bn by 2028: COVID Impact, Trends and Forecast

Release Month: April 2021

Evolve Business Intelligence has published a new market research report on “The global Unmanned Traffic Management market was estimated to be $623.7 million in 2020 and is anticipated to grow at a CAGR of 20.63% from 2021 to 2028”

For more information on the report: https://evolvebi.com/product/unmanned-traffic-management-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Unmanned Traffic Management market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Unmanned Traffic Management market report also includes the following data points:

  • COVID19 Impact on Unmanned Traffic Management market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Unmanned Traffic Management market

Analyst View

According to Parimal, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario had negatively impacted the Unmanned Traffic Management market. Due to the lockdown imposed by government the travelling activities had reduced. There is less traffic in airport leading to the decrease in use of traffic management robot. The reduced amount of traffic at airport had led to the decline in its demand.”

Competitive Scenario
Some of the major Unmanned Traffic Management players holding high market share include Frequentis, Leonardo, Airmap, and Altitude angel. These players use collaboration and partnership as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
Unmanned Traffic Management market is analyzed across the below-mentioned segments:

  • Type
    • Persistent
    • Non-Persistent
  • Component
    • Hardware
    • Software
    • Services
  • Solution
    • Communication Infrastructure
    • Navigation Infrastructure
    • Surveillance Infrastructure
  • End Use
    • Agriculture & Forestry
    • Logistics & Transportation
    • Surveillance & Monitoring

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Unmanned Traffic Management market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • Frequentis
  • Leonardo Finmeccania
  • AirMap
  • Altitude Angel
  • Thales
  • Harris
  • Skyward
  • Lockheed Martin
  • Nova Systems
  • Unifly

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/unmanned-traffic-management-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the Unmanned Traffic Management market, in terms of value, segmented on the basis of indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the Unmanned Traffic Management market
  • To provide an overview of the value chain analysis pertaining to the Unmanned Traffic Management industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Unmanned Traffic Management market
  • To analyze opportunities in the market by identifying high-growth segments of the Unmanned Traffic Management market
  • To profile key players in the Unmanned Traffic Management market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Unmanned Traffic Management market

 

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