August 2022, Research Report on the Global Remote Towers Market.
Remote Towers Market Forecast
Remote Towers Market is projected to grow from USD 0.6 Billion by 2030, at a CAGR of 19.6% from 2020 to 2030.
Rapidly growing digitalization in air traffic management and increasing need for situational awareness has significantly contributed to the expansion of the remote towers market. Additionally, the stringent aviation regulations pertaining to aircraft safety owing to the growing terrorism across the globe are also expected to drive the growth of the market. Furthermore, the growing tourism across the globe is also expected to provide an opportunity for the growth of the market. For example, according to the World Tourism Organization (UNWTO), in 2017, the total international tourist arrivals accounted for 1,326 million across the globe, with a more than 7% growth compared to 2016. Furthermore, the growing adoption of UAVs for commercial and military applications is also expected to drive the growth of the segment. For example, in May 2019, the Federal Aviation Administration (FAA) announced that there were more than 122,000 commercial drone operators in early 2018.
However, issues related to the rise in cyber threats to air traffic management and limited network infrastructure might hamper the growth of the market. Furthermore, the ongoing COVID-19 pandemic might hamper the growth of the market due to delays in the supply chain, the closing of international borders, and grounding of aircraft. However, initiatives undertaken by the governments of countries such as the US, China, India, and others to reduce the impact of the COVID-19 outbreak on the aviation industry is expected to provide an opportunity for the growth of the remote towers market in the coming years. Moreover, the formation of air bubbles amongst various countries to support air travel during the pandemic is also expected to drive the growth of the market.
Market USP
The growing need for situational awareness for identifying, processing, and providing efficient solutions in the aviation industry is a key factor, which is driving the growth of the global remote towers market.
Growth Opportunities in the Market
Contingency segment to register the highest growth rate: The contingency segment is expected to grow at the highest CAGR during the forecast period owing to the growing use of contingency remote towers in case of emergency or as backup due to increasing air traffic.
Communication segment is expected to be the fastest growing: The communication segment is expected to grow at the highest CAGR during the review period due to the increasing development of new airports. Furthermore, the rising adoption of UAVs is also expected to drive the growth of the segment.
Airport equipment segment expected to register the highest CAGR: The airport equipment segment is projected to grow at the highest CAGR during the forecast period owing to factors such as the increasing aircraft deliveries and the demand for improved operational efficiency of airlines.
Key Players
- Saab AB (Sweden)
- Frequentis Group (Austria)
- Thales Group (France)
- Indra Sistemas, S.A. (Spain)
- Raytheon Technologies Corporation (US)
- L3Harris Technologies, Inc. (US)
- Northrop Grumman Corporation (US)
- Lockheed Martin Corporation (US)
- Searidge Technologies (Canada)
- Leonardo S.p.A. (Italy)
Other Prominent Players
- KONGSBERG (Norway)
- Avinor AS (Norway)
- NATS Limited (UK)
- SkySoft-ATM – Route de Pré-Bois (Switzerland)
- Systems Interface Ltd. (UK)
- ACAMS (Norway)
- ADB SAFEGATE (US)
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2022 |
Companies Covered | 15 |
Pages | 168 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.