Market NEWS: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
According to the new 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™, the . Increasing
cost savings, efficiency, and safety, as well as the increasing number of
airports, are expected to drive the growth of the market.
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Based on operation type, the
contingency segment is projected to grow at the highest CAGR from 2019 to 2025.
The growth of this segment can be
attributed to the high demand for remote towers due to increasing air traffic
at tier 1 airports. London's Heathrow Airport has a contingency remote tower
which can control 70% of air traffic in case of emergency or very heavy traffic
flow.
Based on system type, the airport
equipment segment is projected to grow at the highest CAGR from 2019 to 2025
The growth of this segment can be
attributed to the increased need for sophisticated airport equipment for high
quality input data transfer to remote towers, as the transfer of error-free
data and voice communication to a remote tower is crucial for the functioning
of remote virtual towers.
APAC is expected to be the
fastest-growing remote towers market during the forecast period.
APAC is expected to be the
fastest-growing market during the forecast period. This growth is attributed to
the upcoming new regional airports in countries such as China and India.
Increasing air traffic is also expected to drive the growth of the remote
towers for contingency operations in the region. Saab and the Airports
Authority of India (AAI) signed a Memorandum of Understanding (MoU) in January
2019 to conduct research on air traffic management automation systems for
airports under the UDAN Regional Connectivity Scheme for India. Additionally,
India plans to review for 50 new regional airports in the next two years.
Similarly, China's LES Information Technology is developing a remote tower
technology. The country has planned for 200+ new airports by 2035.
Browse in-depth TOC on "Remote Towers Market"
65 – Tables
34 – Figures
132 – Pages
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Major players operating in the
remote towers market include Frequentis (Austria), Saab AB (Sweden), Searidge
Technologies (Canada), Indra Sistemas (Spain), Avinor (Norway), and Thales
Group (France), among others. These players offer various remote tower
solutions covering both, hardware components as well as software services, as
well as the integrators of these solutions. These companies have well-equipped
manufacturing facilities and strong distribution networks across North America,
Europe, and Asia Pacific.Read More
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