By Operation Type (Single (Dedicated Remote Tower), Multiple (Simultaneously Controlling Remote Tower), Contingency (Emergency or Back-Up Remote Tower)), By System Type (Aircraft Equipment, Remote Tower Module, Network Solutions), By Application (Communication, Information & Control, Flight Data Handling, Surveillance, Visualization), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Mexico, Brazil, Germany, Norway, France, UK, Sweden, Saudi-Arabia, UAE, Qatar, China, India, Japan, Australia), By Company
Aerospace & Defense
The remote tower industry is expected to grow at a prominent rate, due to extensive advancements in the digital technologies and rising deployment of remote technology at regional airports. The remote towers have the potential to monitor and manage the traffic at airports in a cost-efficient manner. The remote towers facilitate the real-time monitoring controlling of air traffic at a remote location, other than the local control tower.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
According to MarkNtel Advisors’ research report titled “Global Remote Tower Market Analysis, 2020”, the Global Remote Tower market is anticipated to grow at a CAGR of around 35% during 2020-25. The increasing demand for digitalization and artificial intelligence in the air traffic control industry, greater performance efficiency and safety offered by the remote towers, and add to the increasing cost-saving benefits are several favorable factors resulting in the sustained growth of the market.
Moreover, the market for remote towers is anticipated to mark the substantial growth on account of the plentiful growth opportunities offered by the untapped market in the emerging economies of the Asia-Pacific and the Middle East regions.
Information and Control Application Segment Forming the Majority Market
The global remote tower market, on the basis of the application segment, has been dominated by the information and control segment, attributing to the increasing air traffic, and insufficiency of proper management of data and information in the existing systems. Due to the proliferation in digitalization and automation in the process through artificial intelligence, the industry is shifting toward the application of advanced technologies for efficient and effective management of operations and reduction of cost.
On the basis of system type, the remote tower module segment is expected to contribute the largest revenue share during 2020-25, as the system forms the most important component in the overall system. It is the control center of the remote towers and forms the majority part of the final cost of the product.
According to MarkNtel Advisors, some the of key competitors operating in the Global Remote Tower market includes Thales Group, Saab AB, Frequentis Group, Raytheon Company, Harris Corporation, Indra Sistemas S.A, Northrop Grumman Corporation, and Leonardo S.P.A.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Remote Tower Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Remote Tower Market?
Who are the key competitors or market players and how they perform in Global Remote Tower Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Remote Tower Market study?
Global Remote Tower Market Policies, Regulations, Operation Type Standards
Global Remote Tower Market Hotspot and Opportunities
Global Remote Tower Market Key Strategic Imperatives for Success and Growth.
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Remote Tower Market during 2020-25?
A. The market size of Global Remote Tower Market during 2020-25 is forecast to be around 35%.
Q. Which application of Remote Tower would grab the highest market share during 2020-25?
A. It is forecast that Information and Control Application Segment will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Remote Tower Market?
A. Thales Group, Saab AB, Frequentis Group, Raytheon Company, Harris Corporation, Indra Sistemas S.A, Northrop Grumman Corporation, Leonardo S.P.A are few of the leading players in the Global Remote Tower Market.
Q. Does the report scope cover Global Remote Tower Operation type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Remote Tower operation type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which system type segment would emerge as an opportunity area for players in Global Remote Tower Market?
A. The remote tower modules segments will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Remote Tower Market.