Market Research Report
Remote Towers Market by Operation Type (Single, Multiple, Contingency), System Type (Airport Equipment, Remote Tower Modules, Network Solutions), Application (Communication, Information & Control, Surveillance), and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||841523|
|Published||Content info||133 Pages
Delivery time: 1-2 business days
|Remote Towers Market by Operation Type (Single, Multiple, Contingency), System Type (Airport Equipment, Remote Tower Modules, Network Solutions), Application (Communication, Information & Control, Surveillance), and Region - Global Forecast to 2025|
|Published: May 10, 2019||Content info: 133 Pages||
The remote towers market is projected to grow from an estimated USD 63 million in 2019 to 392 million by 2025, at a CAGR of 35.53% during the forecast period. This growth can be attributed to increased cost savings, safety, and efficiency achieved using remote towers. Limited network infrastructure and capacity issues of big airports are the major restraints for the market.
Based on operation type, the single segment is estimated to account for the largest share of the remote towers market in 2019. This can be attributed to the market being in the initial phase of commercialization. Depending on successful testing and operations of single remote tower operations, the industry is expected to add contingency remote tower operations for tier 1 airports.
The growth of this segment can be attributed to the growing trend of digitization and artificial intelligence. Due to heavy air traffic, controllers are facing high pressure in terms of managing and planning, which is also resulting in delays and increasing costs. Air traffic is estimated to grow further, and the industry is moving toward technological advancements to avoid delays and manage costs. Digitizing the current systems enables upgradation to artificially intelligent systems, resulting in reduced load on the workforce.
Europe is estimated to account for the largest share of the remote towers market in 2019. This can be attributed to the SESAR initiative, which focuses on optimizing air traffic management to reduce cost and carbon footprints. Additionally, upcoming remote towers in countries such as Sweden, the UK, Germany, and Norway have led to the large share of the European Market.
The break-up of profiles of primary participants in the remote towers market:
Major companies profiled in the report include: Frequentis (Austria), Saab AB (Sweden), Searidge Technologies (Canada), Indra Sistemas (Spain), Avinor (Norway), and Thales Group (France), among others.
This research report categorizes the remote towers market based on operation type (single, multiple, contingency), system type (airport equipment, remote tower modules, network solutions), and application (communication, information & control, flight data handling, surveillance, visualization). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Latin America, Middle East, and Africa).
From an insight perspective, this research report has focused on various levels of analyses -industry analysis (industry trends), market share analysis of top players, competitive leadership mapping matrix, and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments in the remote towers market; high-growth regions; and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.