Aerial technology is transforming the way people perceive aviation. Elevated vehicles, including passenger and delivery drones, have the potential to address today’s urban congestion, improve logistics, and create new products and markets. With the growing demand for unmanned aerial vehicles (UAVs) across commercial and non-commercial markets, the skies will get busier. An upshot would be to manage and maintain an increasingly diverse airspace, while keeping all the air traffic safe and efficient.
Unmanned aircraft system traffic management (UTM) can play the role of a “key enabler” in the future of UAVs and presents significant business opportunities to main stakeholders. The global UTM market, valued at about US$538 million in 2018, is expected to grow at a compounded annual growth rate (CAGR) of over 20 percent during the period 2019 to 2025.
Our study explores the challenges and solutions that are critical to the success of all UAV ecosystem stakeholders. It also discusses how a UTM system can ensure safe and efficient operations and is a critical requirement for the future of elevated mobility.