Global Remote Towers Market Size, Trends & Analysis - Forecasts to 2026 By Operation (Single, Multiple, and Contingency); By Application (Communication, Flight Data Handling, Information & Control, and Surveillance); By System (Airport Equipment, Network Solutions, and Remote Tower Modules); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Remote Towers Market Insights
The remote tower is an advanced and affordable unit globally, critically important in the domain of air traffic management. It provides direction to air traffic management/ control through digitalization and incorporation of airport functions. The remote towers are concentrated away from the airport site, which includes communication gear and video cameras to fix information. The prime advantage of the remote tower is to reduce the annual cost of operation and maintenance costs, particularly targeting small airports of different countries.
As per the studies performed by GME, the remote tower market is expected to attain its highest peak during the conjecture time frame of 2020-2026. The rising demand for affordable freight services and air travel is estimated to uplift the demand for remote towers. Also, the growing number of air travel is simultaneously pushing the expansion and development of airport infrastructure which is attracting various companies, investors across the globe. The growing demand for safety and efficiency along with increased cost saving is projected to propel the market growth of the remote towers. Modernization, digitalization, and general development of the air traffic management industry are creating opportunities for the remote tower market to establish in the coming years.
However, sudden lockdown due to the global pandemic has severely affected the airports across the globe and the R & D sector associated with remote tower systems has been hampered due to restricted gathering and shutdown of institutes.
Remote Towers Market: By Operation
The three bifurcations of the remote tower based on the operating system are as single, multiple, and contingency. The contingency is a systematic method for controlling military and civil air traffic. This segment market is estimated to build the highest revenue as compared to other segments. The prime causes behind the market trend of the contingency segment are attributed to the high demand for remote towers due to growing air traffic facilities at tier 1 airports, raising technology adoption and machine learning involvement to improve the process in airports.
Remote Towers Market: By Application
Communication, flight data handling, information & control, and surveillance are the application divisions of the remote tower market. The communication segment is expected to experience rising growth during the 2020-2026 time period. Remote towers aid in the smooth functioning of the aircraft and airports by connecting ground-based systems and air traffic. These are the factors accelerating the communication segment market in the remote tower systems.
Remote Towers Market: By System
The system classifications of the remote towers are network solutions, airport equipment, and remote tower modules. The remote tower modules are the market building segment at the highest CAGR during the estimated time frame. The remote tower module is the headquarters/control center of the remote tower hence maximum equipment is the part of these modules. Equipment taking care of information & control, visualization, and flight data handling are the parts of the remote tower modules. Key equipment used for communication and surveillance is also included under remote tower modules thus this segment holds a tight grip on the remote tower market.
Remote Towers Market: By Region
APAC region is estimated to show strong market growth between the conjecture time frame owing to significant demand from economically stable counties such as India and China. Increasing the construction of national and international airports, growing commercial aviation industries, and the increasing percentage of air traffic passengers are the factor driving the remote tower market in the APAC region.
However, North America is expected to dominate the remote tower market in the coming years due to the presence of key players in the region who are continuously upgrading the investment and technological standard of the region.
Market Share and Competitor Analysis
Prominent vendors of this market are ADB SAFEGATE, ACAMS, Systems Interface Ltd., SkySoft-ATM – Route de Pré-Bois, NATS Limited, Avinor AS, KONGSBERG, Leonardo S.p.A., Searidge Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies, Inc., Raytheon Technologies Corporation, Indra Sistemas, S.A., Thales Group, Frequentis Group, and Saab AB among others.
In October 2020, Saab AB, continue their long term support to the Norwegian defense forces training systems. The contract covers operational support from the system and setup of another site in the northern Norway region.
In October 2020, Saab AB tied up with CRIAQ in aerospace in Quebec. The partnership aims to leverage Quebec's research and development ecosystem to encourage the development of partnership research projects between the Saab and Canada industry along with universities and research organizations.
We value your investment and offer free customization with every report to fulfil your exact research needs.
The Global Remote Towers Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Remote Towers Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
80% of our clients seek made-to-order reports. How do you want us to tailor yours?