Unmanned Traffic Management UTM Market Insights Video
According to Cognitive Market Research, the global Unmanned Traffic Management market size was USD 112.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 45.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 33.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 25.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.
The Hardware held the highest Unmanned Traffic Management market revenue share in 2024.
