Remote Towers Market is projected to grow from USD USD 0.6 Billion by 2030, at a CAGR of 19.6% from 2020 to 2030.
Remote towers provide airport functions in an integrated and digitalized format for air traffic control. It is a system that enables flight information service that is provided from a certain location other than the aerodrome. Remote tower services offer enhanced operational efficiency and safety. Remote towers also assist in airspace management and safe air traffic management.
The global remote towers market is expected to register significant growth during the forecast period owing to factors such as a rise in aircraft deliveries and the increasing focus on modernization of air traffic management infrastructure. Additionally, stringent aviation regulations regarding aircraft safety owing to rising terrorism across the globe are also expected to drive the growth of the market. Furthermore, the growing adoption of UAVs in both commercial and military applications provides an opportunity for the growth of the remote towers market.
However, issues related to the rise in cyber threats to air traffic management and limited network infrastructure might hamper the growth of the market.
The growing need for situational awareness to identify, process, and provide efficient solutions in the aviation industry is a key factor that is driving the growth of the global remote towers market.
Other Prominent Players
|Market Size||USD 1206.9 Million,|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Operation, Application and System|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Saab AB (Sweden), Frequentis Group (Austria), Thales Group (France), Indra Sistemas, S.A. (Spain), Raytheon Technologies Corporation (US), L3Harris Technologies, Inc. (US), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Searidge Technologies (Canada), Leonardo S.p.A. (Italy) KONGSBERG (Norway), Avinor AS (Norway), NATS Limited (UK), SkySoft-ATM – Route de Pré-Bois (Switzerland), Systems Interface Ltd. (UK), ACAMS (Norway) and ADB SAFEGATE (US)|
|Key Market Opportunities||The growing need for situational awareness to identify, process, and provide efficient solutions in the aviation industry is a key factor that is driving the growth of the global remote towers market|
|Key Market Drivers||
Raytheon Technologies Corporation (U.S.), L3Harris Technologies, Inc. (U.S.), Thales Group (France), Indra Sistemas, S.A. (Spain), Northrop Grumman Corporation (U.S.), and Lockheed Martin Corporation (U.S.), to name a few.
A 19.6% CAGR is estimated to uplift the development of the overall market in the future.
The APAC region is likely to show the top CAGR growth in the coming period.
The market is estimated to exhibit promising revenue levels in the forecast period.
The establishment of strict aviation regulations concerning aircraft safety is estimated to provide traction to the market.