Terra Drone Corporation, a leading provider of drone technology and advanced aerial mobility (AAM) based in Japan, has announced a collaborative development with Unifly NV and Aloft Technologies Inc. focused on unmanned aircraft system traffic management (UTM) for AAM targeting global markets.
The three companies are working together to further the development of UTM in order to harness the rapid global expansion of electric vertical takeoff and landing aircraft (eVTOLs), which are revolutionizing transportation. Morgan Stanley predicts that the urban air mobility (UAM) market will reach $1 trillion by 2040 and $9 trillion by 2050 (1), with eVTOLs gaining worldwide recognition through test flights and prototype demonstrations.
The companies are proud to announce initiatives aimed at enhancing their existing UTM platforms in anticipation of the soaring activities of eVTOLs and drones. The shared vision for the UTM platform is to enable safe and efficient aerial operations for eVTOLs and drones in the foreseeable future.
Recognizing the evolving needs of the automated account management industry, they are dedicated to expanding their platform by integrating crucial additional functions. These improvements, designed with automation at their core, aim to streamline operational efficiency and pave the way for the increasingly automated UTM technology to be integrated into the design and operational framework of AAM. Through these efforts, they aim to establish new standards in UTM and facilitate the seamless integration of eVTOLs and drones into national airspace, thereby enhancing the potential of the AAM industry.
Through this initiative, they aim to build a global UTM infrastructure that kickstarts the AAM industry worldwide, creating a cohesive ecosystem that supports the growth of AAM and addresses broader challenges of urban mobility, sustainability, and air traffic safety.
Notes to editors:
Morgan Stanley research in a report titled “eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky’s the Limit” [source: https://advisor.morganstanley.com/the-busot-group/documents/field/b/bu/busot-group/Electric%20Vehicles.pdf]
(Photo: Terra Drone Corporation logo)
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Terra Drone Corporation, Unifly NV, and Aloft Technologies Inc. are collaborating on the development of unmanned aircraft system traffic management (UTM) for advanced aerial mobility (AAM). This partnership aims to harness the global expansion of electric vertical takeoff and landing aircraft (eVTOLs), which are expected to revolutionize transportation. According to Morgan Stanley, the urban air mobility (UAM) market could reach $1 trillion by 2040 and $9 trillion by 2050, with eVTOLs gaining recognition through test flights and prototypes (1).
In order to support the anticipated increase in eVTOL and drone activities, the companies are enhancing their existing UTM platforms. The goal is to create a UTM infrastructure that enables safe and efficient aerial operations for eVTOLs and drones in the future. This initiative recognizes the evolving needs of the automated account management industry and aims to integrate additional functions into the platform to streamline operational efficiency and automate UTM technology.
The development of a global UTM infrastructure will play a crucial role in kickstarting the AAM industry worldwide. By establishing a cohesive ecosystem that supports the growth of AAM, this initiative aims to address challenges related to urban mobility, sustainability, and air traffic safety.
Advantages:
1. Safety and Efficiency: The collaborative development of UTM platforms will enhance the safety and efficiency of eVTOL and drone operations, making them more viable for widespread adoption.
2. Market Growth: With the UAM market projected to reach trillion-dollar figures in the future, companies involved in UTM development have the opportunity to tap into a rapidly growing industry.
3. Ecosystem Development: By working together, Terra Drone, Unifly, and Aloft are creating a cohesive ecosystem that facilitates the integration of eVTOLs and drones into national airspace and paves the way for future advancements in AAM technology.
Disadvantages:
1. Regulatory Challenges: The integration of eVTOLs and drones into existing airspace regulations poses challenges in terms of safety, security, and coordination with other manned aircraft.
2. Infrastructure Requirements: The successful implementation of UTM on a global scale requires significant infrastructure investment, including communication networks, navigation systems, and airspace management protocols.
3. Public Acceptance: The public may have concerns regarding privacy, noise pollution, and visual impacts associated with increased drone and eVTOL activities. Building public acceptance and addressing these concerns will be critical for the success of the AAM industry.
As for current market trends and forecasts, it is evident that the AAM industry is expected to experience exponential growth in the coming decades. The projected market figures by Morgan Stanley indicate a significant potential for economic growth and technological advancements. However, the industry still faces challenges regarding regulation, infrastructure development, and public acceptance.
Related Links:
– Morgan Stanley’s report on eVTOL/Urban Air Mobility TAM Update