LAMEA Unmanned Traffic Management Market Size, Share & Industry Trends Analysis Report By Component, By Application (Surveillance & Monitoring, Logistics & Transportation, and Agriculture & Forestry), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Unmanned Traffic Management Market would witness market growth of 23.9% CAGR during the forecast period (2022-2028).
Drones have evolved swiftly in recent years, from a military breakthrough to an entertaining hobby to a technology that is altering commercial industries — and future potential in the industry is endless. Drones, sometimes known as unmanned aircraft, are already tearing down barriers in the way businesses operate. Drone delivery is being tested by major organizations such as Amazon and Google. Drones are being used by Facebook to give Internet access in rural areas. There's even a startup that delivers tacos to the door using unmanned planes. Their use will become even more prevalent in the near future. In both the commercial and non-profit sectors, drones are becoming more common. The proliferation of drone use is expected to drive the unmanned traffic management market in the upcoming years.
The Department of Health (DoH) – Abu Dhabi, the emirate's healthcare authority, has stated that the emirate's healthcare sector will use advanced drones to distribute and move medical goods. The project, which will be the first of its type in the Middle East and North Africa, will use drones to construct a cutting-edge distribution system and network at 40 sites by the end of 2022. The delivery and transfer system will be available 24 hours a day, seven days a week, and will be part of Abu Dhabi's emergency response network. It coincides with the year of preparation for the "UAE Projects of the 50," the UAE's Fourth Industrial Revolution (4IR) Strategy, and broader efforts to establish Abu Dhabi as a global innovation powerhouse.
The initiative, which is collaboration between the Department of Health, the General Civil Aviation Authority (GCAA), SkyGo, and Matternet, would change healthcare logistics by leveraging existing technological infrastructure. Drones will be utilized in the supply chain to safely transfer medicine and blood units, medical supplies, vaccines, and samples between laboratories, pharmacies, and blood banks throughout the city. This will help in crises and contribute to lower healthcare facility occupancy rates while also improving the quality of patient outcomes.
The Brazil market dominated the LAMEA Unmanned Traffic Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29.7 million by 2028, growing at a CAGR of 22.6 % during the forecast period. The Argentina market is expected to witness a CAGR of 24.6% during (2022 - 2028). Additionally, The UAE market is expected to witness a CAGR of 23.6% during (2022 - 2028).
Based on Component, the market is segmented into Software and Hardware. Based on Application, the market is segmented into Surveillance & Monitoring, Logistics & Transportation, and Agriculture & Forestry. Based on End User, the market is segmented into Drone Operators or Pilots, Emergency Service & Local Authorities, Airports, and Recreational Users. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L3Harris Technologies, Inc., Airbus SE, Thales Group S.A., Leonardo SpA, Altitude Angel Limited, Droniq GmbH, OneSky Systems, Inc., PrecisionHawk, Inc., Terra Drone Corporation (Terra Motors Corporation), and Unifly NV.
Scope of the Study
Market Segments Covered in the Report:
- Surveillance & Monitoring
- Logistics & Transportation
- Agriculture & Forestry
By End User
- Drone Operators or Pilots
- Emergency Service & Local Authorities
- Recreational Users
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- L3Harris Technologies, Inc.
- Airbus SE
- Thales Group S.A.
- Leonardo SpA
- Altitude Angel Limited
- Droniq GmbH
- OneSky Systems, Inc.
- PrecisionHawk, Inc.
- Terra Drone Corporation (Terra Motors Corporation)
- Unifly NV
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