According to MarkNtel Advisors, the Global Remote Tower Market is expecting around 31% CAGR during 2021-26. The growth of the market is driven primarily by the mounting focus of the aviation sector on bringing cost-effectiveness in airport operations and enhancing the efficiency & safety of Air Traffic Management (ATM), coupled with the rapidly increasing number of domestic & international airports worldwide.
Remote towers can manage operations of both single & multiple airports simultaneously from a location far away from the local tower system. This results in considerable cost savings in civil infrastructures & ATM systems. Small & medium airports with low air traffic suffer hefty revenue losses due to massive costs associated with constructing & managing local Air Traffic Control (ATC) towers. Since this expenditure can't be balanced out with such a small volume of passengers, the demand for deploying remote tower systems, especially at these airports, is likely to surge significantly in the coming years, further states the research report, “Global Remote Tower Market Analysis, 2021.”
Rapidly Surging Demand for Remote Tower Modules to Contribute Significantly to the Market Growth during 2021-26
Remote tower modules act as the control center of the remote tower and consist of various systems like information & control, visualization, flight data handling, surveillance, etc. The prime operations like emergency handling, waiting time, navigation, permission access, & route assistance are managed altogether by these sophisticated systems. Since many countries worldwide are facing significant challenges while controlling extensive flight frequencies, the demand for remote tower modules is likely to rise significantly in the coming years.
With Extensive Presence of Leading Remote Tower Manufacturers, Europe to Continue Dominating the Market through 2026
Of all regions, Europe is expecting the largest revenue share in the remote tower market over the forecast years, primarily due to the burgeoning focus of regional authorities on reducing costs associated with local air traffic management systems. Further, the abundant presence of key market players and increasing deployment of remote towers across major European countries are other crucial aspects projected to fuel the regional market growth in the coming years, reveals MarkNtel Advisors in their research report, "Global Remote Tower Market Analysis, 2021."
According to MarkNtel Advisors, the leading players in the Global Remote Tower Market are Frequentis Group, Searidge Technologies, Saab Group, Indra Systems, Thales Group, Avinor, Harris Corporation, Leonard Martin Corporation, Indra Navia AS, Raytheon Corporation.