The global remote towers market size is expected to reach USD 727.60 million by 2032 while exhibiting a stellar CAGR of 25.00% between 2024 and 2032. This is attributable to increasing focus on modernization of airports across the globe. Fortune Business Insights, in its latest report, titled “Remote Towers Market Size, Share and Industry Analysis by Operation (Single Multiple and Contingency), By System (Airport Equipment, Remote Towers Modules, Network Solutions), By Application (Communication, Information & Control, Surveillance, Visualization), and Regional Forecast, 2024-2032.”, observes that the market was worth USD 40 million in 2019 and is likely to witness significant growth in the forthcoming years.
Informational Source:
https://www.fortunebusinessinsights.com/remote-towers-market-102523
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
- Frequentis Group
- Saab Group
- Searidge Technologies
- Indra Systems
- Avinor
- Thales Group
- Harris Corporation
- Indra Navia AS
- Leonard Martin Corporation
- Raytheon Corporation
Remote tower is a modern concept wherein the overall air traffic services of an airport are managed at a different place than the local control tower. They offer several benefits over the conventional air traffic control systems located at the airport. They provide extensive support tools that enhances the safety and improves the operational activities of the airport. Additionally, they provide several cost-saving options and aid in reduction of maintenance costs. These towers are equipped with sensors, high-resolution cameras, and hardware that deliver optimum quality air traffic services and are adopted widely across several airports across the globe.
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. The report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to innovate novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
𝐃𝐑𝐈𝐕𝐈𝐍𝐆 𝐅𝐀𝐂𝐓𝐎𝐑𝐒
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐌𝐨𝐝𝐞𝐫𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐢𝐫𝐩𝐨𝐫𝐭𝐬 𝐭𝐨 𝐀𝐮𝐠𝐮𝐫 𝐆𝐫𝐨𝐰𝐭𝐡
According to the International Air Transport Association, the global air passenger traffic in 2019 rose by 4.2% when compared to 2018. Increasing air passenger traffic is placing a heavy strain on the terminal and ground facilities across several airports. Besides, this is leading to dangerous air congestion over major cities globally. To prevent any untoward incidents and mishaps, the airports are increasingly focusing on modernizing airport amenities and upgrading the operational services. Growing adoption of technology such as artificial intelligence (AI) and machine learning in the modernization process of the airports is expected to bode well for the growth of the global remote towers market during the forecast period.
𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒
𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐌𝐚𝐣𝐨𝐫 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 𝐭𝐨 𝐀𝐢𝐝 𝐆𝐫𝐨𝐰𝐭𝐡
Among all regions, the market in Europe is anticipated to witness considerable growth and hold the highest global remote towers market share during the forecast period. This is attributable to the presence of several manufacturers such as Thales Group, Saab, and Frequentis Group in the region. North America, on the other hand, is expected to hold second position in the market during the projected horizon. This is ascribable to factors such as increasing adoption of modern technology owing to the presence of major companies that are focusing on modernization of airports between 2020 and 2027.
𝐂𝐎𝐌𝐏𝐄𝐓𝐈𝐓𝐈𝐕𝐄 𝐋𝐀𝐍𝐃𝐒𝐂𝐀𝐏𝐄
𝐋𝐕𝐍𝐋 𝐒𝐢𝐠𝐧𝐬 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐰𝐢𝐭𝐡 𝐒𝐚𝐚𝐛 𝐭𝐨 𝐒𝐮𝐩𝐩𝐥𝐲 𝐑𝐞𝐦𝐨𝐭𝐞 𝐓𝐨𝐰𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦𝐬
In December 2019, Air Traffic Control the Netherlands (LVNL) announced that it has signed a 20-year agreement with the Saab Digital Air Traffic Solutions (SDATS). According to the LVNL, the contract involves an agreement by Saab, wherein it will install remote towers at the Maastricht Airport and Groningen Airport Eelde. Additionally, Saab will construct a remote tower center at the Amsterdam Airport Schiphol. Adoption of strategies such as contract signing, partnership, and merger and acquisition by the companies is expected to contribute to the global remote towers market growth in the forthcoming years.
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