Press Release Description

Global Remote Tower Market to Grow at an Outstanding CAGR of Around 18.11% in the Forecast Period

The Global Remote Tower Market size is valued at around USD 0.71 billion in 2023 and is estimated to grow at a CAGR of about 18.11% during the forecast period, i.e., 2024-29, cites MarkNtel Advisors in the recent research report. The market's growth is attributed primarily to the increasing pressure to reduce costs & modernize Air Traffic Services (ATS). This has encouraged Air Navigation Service Providers (ANSPs) to explore innovative concepts in Air Traffic Management. The rapid expansion of both international & domestic airports in numerous developed & developing countries worldwide is also driving the demand for remote towers globally.

In addition, remote tower systems are equipped with advanced technology, including high-resolution cameras, sensors, and specialized hardware, complemented by expansive panoramic screens. This technology empowers airport personnel to monitor every aspect of the airfield, overseen by highly skilled officers responsible for providing air traffic management services. These services encompass the tracking of all aircraft movements, including arrivals, departures, and ground movements at airports.

Moreover, the ongoing global remote tower developments & expansions of airport infrastructures, fueled by substantial investments in the aviation sector, are further propelling the growth of the Global Remote Tower Industry. Hence, these developments are underscored by the numerous benefits offered by remote tower technology, including enhanced safety, operational efficiency, and cost savings.

Also, the surge in the number of air passengers, driven by reduced flight prices in various regions, is another critical factor expected to drive overall market growth during the forecast period, further states the research report, “Global Remote Tower Market Analysis, 2024.”

Global Remote Tower Market Segmentation Analysis

Remote Tower Modules is Set to Lead the Industry

Based on the system segment, the market is further bifurcated into Airport Equipment, Remote Tower Modules, and Network Solutions. Remote Tower Modules held the dominant share of the remote Tower Market. These modules are the core components of remote tower systems, encompassing the majority of equipment responsible for information management, flight data handling, and visualization.

Global Remote Towers Market

Additionally, they also house essential surveillance & communication equipment. Remote towers represent sustainable solutions, particularly beneficial for airports with annual traffic volumes of less than 40,000 movements. These airports can seamlessly manage their operations through the deployment of Multiple Remote Tower Modules (MRTMs).

Europe to Capture the Lion’s Share of the Global Remote Tower Market

Europe is positioned to claim the majority share in the Global Remote Tower Market from 2024 to 2029. This prominence is due to the presence of multiple remote tower systems manufacturers in countries such as Sweden (SAAB), France (Thales Group), and Austria (Frequentis), among others. The robust presence of these companies specializing in remote tower manufacturing is contributing significantly to the region's revenue generation.

Moreover, various regulatory bodies in Europe are placing a growing emphasis on the management & advancement of air traffic to reduce operational costs & carbon footprints. Hence, this regulatory focus is further propelling the growth of the Europe Remote Tower Market. Additionally, the implementation of upcoming remote tower projects in Germany, the UK, Sweden, and Norway is presumed to enhance the expansion of the market during the forecast period.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Frequentis Group, Searidge Technologies, Saab Group, Indra Systems, Thales Group, Avinor, Harris Corporation, Leonard Martin Corporation, Indra Navia AS, Raytheon Corporation, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Global Remote Tower Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-29?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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