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. Increasing safety and efficiency, as well as increased cost savings, are expected to drive the growth of the market.
Ask For Sample Report @
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.
This is because since the remote tower module is the control center of remote towers, most of the equipment are part of remote tower modules. Equipment responsible for information & control, flight data handling, and visualization are part of remote tower module. Apart from this, certain equipment used for communication and surveillance are also a part of remote tower modules. Hence, the remote tower modules system type segment holds the major market share.
The remote towers market has been studied for North America, Europe, Asia Pacific, and Rest of the World (Latin America, Middle East, and Africa). 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 region.
Key Market Players
Major players in the market are Frequentis (Austria), Saab AB (Sweden), Searidge Technologies (Canada), Indra Sistemas (Spain), Avinor (Norway), and Thales Group (France), among others. The limited network infrastructure is one of the factors restraining the growth of the market. The major strategies undertaken by various companies include new product developments and contracts. The competitive leadership mapping matrix compares various companies operating in the market.
View Detail TOC @