Drone Traffic Management Market to Gain from Digitalization And Increasing Uptake of Advanced Technologies
The
increasing adoption of drones in commercial and government applications is
driving the global drone traffic management market.
According to
the TechSci Research report, “Drone Traffic Management Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the
global drone traffic management market is growing owing to rapid growth in
digitalization and increasing adoption of advanced technologies by enterprises
to meet the need for growing business along with the increase in uptake of
drones in commercial & government applications. Drone traffic management
can provide a more digital, interoperable, and scalable approach to drone
tracking and real-time transmission of videos, images, and sensor data.
Globally vendors are making significant innovations by integrating
technologies, such as artificial intelligence (AI), 5G, and the Industrial
Internet of Things (IIoT), to cater to customer needs and market requirements.
Moreover, the increasing number of cloud-based solutions within traffic
management systems and the rising enterprise focus on existing traffic
upgradation are boosting the global drone traffic management market.
With the
outbreak of the COVID-19 pandemic, the pandemic and the slowdown in the economy
sparked digital innovation and the use of cloud services, and mobile
technologies by businesses, particularly traffic management. The demand for
traffic management tied to security and safety has since been steadily
increasing. As various organizations updated remote working environments due to
the lockdown imposition, uncertainty for the new normal. The shift is driving
organizations to think deeply about their network infrastructure. Many
enterprises have become heavily dependent on drone delivery as ground logistics
and transportation have been paused in every industry and business.
The drone
industry was in a better position than most to deal with the challenges that
covid-19 represented for operators and stakeholders. In many countries, people
have taken up and used drones to provide medicines, groceries, food, and other
necessities to the most infected areas. This has proliferated the uptake of
drones and simultaneously increased the demand for drone traffic management in
the global market.
Based on type,
the market is segmented into persistence and non-persistence. Based on
components, the market is segmented into hardware, software, and services.
Based on solution, the market is segmented into communication infrastructure,
surveillance Infrastructure, navigation Infrastructure, and others. Based on
end user, the market is bifurcated into transportation & logistics,
surveillance & monitoring, agriculture & forestry, defense & space,
and others. The market analysis also studies the regional segmentation to
devise regional market segmentation, divided among North America, Europe,
Asia-Pacific, South America, and Middle East & Africa.
Based on the
solution segment, communication Infrastructure is expected to register the
highest growth during the forecast period. The demand for communication
Infrastructure solutions for the drone traffic management market is growing due
to the shift toward multi-cloud environments for real-time tracking and strong
need for direct control of the drone. Moreover, the rising demand for software
to ensure that every traffic management center gets incorporated into drone
subsystems, such as route optimization, route guidance, and further detection
devices, are further propelling the growth of the communication infrastructure
segment in the global drone traffic management market.
Based on end
user, the global drone traffic management market is bifurcated into
transportation & logistics, surveillance & monitoring, agriculture
& forestry, defense & space, and others. The transportation &
logistics segment is expected to account for the largest market share during the
forecast period. The drone traffic management system aids in adjusting the
real-time pattern to maximize the traffic flow, which eases traffic congestion
and enables enterprises to take up small-sized drones to transport emergency
medical supplies, food items, and other necessary items. Moreover, to support
day-to-day operations, it leverages downstream detections and offers a
user-friendly interface.
Key market
players in the global drone traffic management market include:
- Airmap. Inc
- Delair-Tech
- Altitude Angel
Limited
- Analytical
Graphics Inc
- SZ DJI
Technology Co. Ltd
- Frequentis AG
- Harris
Corporation
- Lockheed Martin
Corporation
- Leonardo S.P.A
- Nova Systems
- Thales Group
- Nokia
Corporation
- PrecisionHawk
Inc.
- Sensefly
Innovations Private Limited
- AiRXOS
Customers
can also request 10% free customization on this report.
“Europe
dominated the global drone traffic management market in 2022 due to various
benefits drone traffic management solutions offer to enterprises, including
improved customer satisfaction, reductions in operators’ workloads, efficient
utilization of infrastructure capacity, reduced operating costs, and enhanced
operating efficiency. Traffic management is gaining traction and is expanding
to various countries in Europe, including Germany, France, Austria, and the
Netherlands. This is due to the early implementation of traffic management
technologies for route guiding, surveillance & monitoring, and smart
signaling, coupled with the increasing investment in smart city initiatives and
smart transportation systems. Moreover, France leads the market in Europe with
the presence of a massive number of companies in the country and is expected to
continue its dominance during the forecast period as well,” said Mr. Karan
Chechi, Research Director at TechSci Research, a research-based global
management consulting firm.
Drone
Traffic Management Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028, Segmented By Type, (Persistence, Non-Persistence),By
Component (Hardware, Software, Service), By Solution (Communication
Infrastructure, Surveillance Infrastructure, Navigation Infrastructure,
Others), By End User (Transportation & Logistics, Surveillance &
Monitoring, Agriculture & Forestry, Defense & Space, Others) By Region
and Competition” has
evaluated the future growth potential of drone traffic management and provides
statistics and information on market structure, size, share, and future growth.
The report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global drone traffic management market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656