Global Remote Towers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Remote Towers Market: Overview
"The Remote Towers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Remote towers offer airport functions in digitalized and integrated format for air traffic control. It is a system that allows flight information service, provided from a certain location which is other than the aerodrome. Remote tower services improve operational efficiency and safety. It contains the streaming in real time of the view from movable or fixed digital video cameras situated on the aerodrome at the airport.
Global Remote Towers Market: Dynamics
The major factor driving growth of the global remote towers market is increasing the number of international and domestic airports in developed and developing countries. Remote towers are used for controlling ground-based and airborne functions. They also offer efficient airspace management, economic, and safe air traffic management. These are some of the factors fueling growth of the target market. Furthermore, digitalization of air traffic control and upgradation of air traffic management infrastructure are factors expected to argument growth of the global remote towers market in the near future.
However, rising concerns regarding cyber security in air traffic management is a factor that may hamper growth of the target market. Additionally, limited network in the fracture is another factor that could affect growth of the global remote towers market. Nevertheless, growing air traffic management industry especially in emerging economies can create high revenue opportunities for players in the global market.
Global Remote Towers Market: Segment Analysis
Among the type segments, the contingency segment is expected to register high in terms of revenue in the near future. Increasing demand for remote towers, owing to growing air traffic is a factor anticipated to support growth of the contingency segment in the target market.
Among the system type segments, the remote tower module segment is expected to dominate the global market in terms of revenue over the forecast period. Remote tower module contains equipment that is used for visualization, flight data handling, information, and control, etc. is a factor fueling growth of this segment in the global market.
Global Remote Towers Market: Regional Analysis
Market in Europe is expected to account for a major share in terms of revenue over the forecast period. Increasing focus on air traffic management in order to reduce 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 increasing number of remote towers are also factors anticipated to augment growth of the target market in this region.
Market in Asia Pacific is anticipated to register the fastest growth in revenue shortly. growing construction of international and domestic airports and growing commercial aviation industry, owing to the rising number of air traffic passengers are factors driving growth of the target market in countries such as China and India in the Asia Pacific.
Global Remote Towers Market Segmentation:
Segmentation by Type:
Segmentation by System Type:
- Network Solutions
- Remote Tower Module
- Airport Equipment
Segmentation by Application:
- Flight Data Handling
- Information & Control
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Saab AB
- Frequentis AG
- Thales Group
- Indra Sistemas, S.A.
- Raytheon Company
- Harris Corporation
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Searidge Technologies Inc.
- Leonardo S.p.a.
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