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FREMONT, Calif., March 3, 2021 /PRNewswire/ The global UAS traffic management (UTM) system market is projected to reach $5.49 billion by 2031, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 17.13% between 2021 and 2031.
There are certain applications for which Beyond Visual Line of Sight (BVLOS) operations are highly beneficial, including rescue, package delivery, inspection, and border patrol. In military and government applications, the drones already fly in the BVLOS range, while in commercial applications, the BVLOS operations are yet to commence by 2021. In most countries, BVLOS flights, as of now, are not permitted, or they are highly regulated.
Global UAS Traffic Management (UTM) System Market to Reach $5 49 billion by 2031; BIS Research Study Highlight
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