Unmanned Traffic Management Market Trends

Boosting Traffic Management: The Impact of Growing Investments and Partnerships

In the coming years, we expect to see more public and private companies investing in the development of autonomous traffic management systems, and this is likely to drive the expansion of the market. One noteworthy example is the Terra Drone Corporation, which secured a substantial amount of funding—$70 million (equivalent to 8 billion Japanese yen) in March 2022. The purpose behind this funding is to accelerate the creation of Unmanned Traffic Management (UTM), essentially an air traffic control system designed for unmanned aircraft.

The increasing interest from both public and private entities is not only about investing money but also about collaborating to enhance the performance and efficiency of UTM. A great illustration of this collaborative effort is PrecisionHawk, Inc., which introduced the Automated Unmanned Air Traffic Control System in August 2020. This system plays a crucial role in avoiding collisions between drones and manned aircraft, ensuring safer skies for everyone.

Moreover, partnerships are proving to be catalysts for innovation in the unmanned traffic management market. Altitude Angle, in conjunction with A-techSYN (a leading producer of next-generation Unmanned Aerial Vehicles) and Inmarsat (a global leader in mobile satellite communications), joined forces in December 2020 to develop the Pop-Up UTM platform. This collaboration exemplifies the power of teamwork in creating advanced solutions for managing unmanned aerial traffic.

Looking back to June 2019, another noteworthy collaboration unfolded between Terra Drone Corporation and Unifly, a well-known provider of drone traffic management. This partnership led to the successful demonstration of an Unmanned Traffic Management (UTM) system to Taiwanese government officials. Such partnerships not only showcase the commitment of private companies to innovation but also highlight their collaboration with public entities to address the evolving needs of the unmanned traffic management sector.

In essence, the unmanned traffic management industry is poised for growth in the coming years due to the combined efforts of private and public industry participants. The advancements and investments in UTM technologies are expected to play a pivotal role in shaping the future of autonomous traffic management systems. As companies continue to invest and collaborate, we can anticipate a positive impact on the overall efficiency and safety of unmanned aerial traffic, marking a significant step forward for this evolving industry.