Remote Towers - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Remote Towers Market is accounted for $62.07 million in 2019 and is expected to reach $626.23 million by 2027 growing at a CAGR of 33.5% during the forecast period. Increased number of airports and increased effectiveness and safety are the major factors propelling the market growth. However, limited network infrastructure is hampering the market growth.
Remote tower solutions give an approach to air traffic control by digitizing and incorporating airport functions. It allows air base Flight Information Service (FIS) or Air Traffic Control (ATC) from a remote position to make easy streaming in real time of the view and to preserve a level of operational safety. The remote towers market is anticipated to grow as there is a high command for remote towers due to growing air traffic at tier one airports.
Based on the system type, the airport equipment segment is estimated to have a lucrative growth due to better need for complicated airport equipment for high value input data transfer to remote towers, as the transfer of error-free data and voice communication to a remote tower is critical for the implementation of remote virtual towers.
By geography, Europe is going to have a lucrative growth during the forecast period due to growing focus on air traffic management in order to decrease cost as well as carbon footprint are factors propelling growth of the target market in this region. In addition, the presence of key players in countries, coupled with rising number of remote towers are also factors anticipated to augment growth of the target market in this region.
Some of the key players profiled in the Remote Towers Market include Searidge Technologies, Leonardo S.P.A, Kongsberg Gruppen, Frequentis Group, Thales Group, Indra Sistemas, S.A., Raytheon Company, Harris Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB , Avinor AS, NATS Holdings Limited , Skysoft-ATM SA and Systems Interface.
System Types Covered:
• Airport Equipment
• Network Solutions
• Remote Tower Modules
Operation Types Covered:
• Flight Data Handling
• Information & Control
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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