TOKYO, April 25, 2024 /PRNewswire/ -- Terra Drone
Corporation, a leading drone and Advanced Air Mobility (AAM)
technology provider headquartered in Japan, announced today the launch of joint
development with its Group companies Unifly NV ("Unifly") and Aloft
Technologies Inc. ("Aloft") focused on UAS Traffic Management (UTM)
for AAMs targeting global markets. Terra
Drone has been making strides in its pioneering UTM business
via strategic investments in Unifly, a leading UTM technology
provider based in Belgium, and
Aloft, which has the top UTM market share in the U.S. This
collaboration marks the world's first-ever joint UTM development
for AAMs by multiple companies with extensive track records in UTM
implementation and operation.
The three companies pursue joint UTM development to capitalize
on the rapid global progress in electric vertical take-off and
landing aircrafts (eVTOLs), set to revolutionize transportation.
Morgan Stanley forecasts the Urban Air Mobility (UAM) market to
reach $1 trillion by 2040 and
$9 trillion by 2050 (1), with eVTOLs
gaining global recognition through test flights and prototype
showcases.
The companies proudly announce initiatives to enhance their
existing UTM platforms in anticipation of the surge in eVTOL
aircraft and drone activities. The shared vision for the UTM
platform is to enable safe and efficient flight operations for
eVTOLs and drones in the foreseeable future.
Recognizing the evolving needs of the AAM industry, they are
dedicated to extending their platform by incorporating crucial
additional functions. These enhancements, designed with automation
at their core, aim to streamline operational efficiencies and pave
the way for the integration of their increasingly automated UTM
technology into the design and operational framework of AAMs.
Through these efforts, they aim to set new standards in UTM and to
facilitate the seamless integration of eVTOLs and drones into the
national airspace, bolstering the potential for 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 AAM growth and addresses broader
challenges of urban mobility, sustainability, and air traffic
safety.
Notes to Editor:
- Research by Morgan Stanley in a report titled "eVTOL/Urban Air
Mobility TAM Update: A Slow Take-Off, But Sky's the Limit"
https://advisor.morganstanley.com/the-busot-group/documents/field/b/bu/busot-group/Electric%20Vehicles.pdf]
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