Overview and Scope
Remote towers are systems that enable the provision of aerodrome air traffic control (ATC) or flight information service (FIS) from a location other than the aerodrome while maintaining an operational safety level comparable to that possible using a manned tower at the aerodrome to monitor both air and ground movements. This technology has numerous safety advantages, such as viewing tools that improve air traffic controllers’ situational awareness.
Sizing and Forecast
The remote towers market size has grown rapidly in recent years. It will grow from $0.31 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to air traffic growth, cost reduction pressures, safety and surveillance enhancement, demand for flexible air traffic solutions, airport modernization initiatives.
The remote towers market size is expected to see rapid growth in the next few years. It will grow to $0.64 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to rising air traffic complexity, global airports expansion, integration with unmanned aerial systems (uas), focus on operational efficiency, global air travel recovery.. Major trends in the forecast period include advanced automation integration, 5g connectivity implementation, cloud-based solutions, global standardization initiatives, regulatory framework evolution.
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Segmentation & Regional Insights
The remote towers market covered in this report is segmented –
1) By Operation Type: Single, Multiple, Contingency
2) By System Type: Airport Equipment, Remote Tower Module, Network Solution
3) By Application: Communication, Information And Control, Flight Data Handling, Surveillance, Visualization
4) By End User: Military Airport, Commercial Airport
Asia-Pacific was the largest region in the remote towers market in 2023 and is expected to be the fastest-growing region in the remote towers market report during the forecast period. The regions covered in the remote towers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of passengers flying is expected to propel the growth of the remote-tower market going forward. Flying passenger traffic refers to the transportation of passengers by both aircraft and positioning flights. Remote towers give controllers a clearer and more thorough view of the airport and nearby airspace thanks to modern camera and sensor technology, which can result in safer operations and greater passenger trust. Hence, an increase in air travel is boosting the growth of the market. For instance, in 2022, according to the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based economic research, analysis, and statistics providing organization, total passenger movements increased from 1.23 million in November 2021 to 16.68 million passengers In November 2022. Further, in December 2021, according to Bureau Of Transport statistics, Passengers on US airlines increased 119% from October 2020 to October 2021. Therefore, the increasing number of passengers flying is driving the growth of the remote tower market.
Key Industry Players
Major companies operating in the remote tower market are adopting a strategic partnership approach for digital tower technology. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in December 2022, Altitude Angel, a UK-based aerospace company, announced a partnership with Saab AB, a Sweden-based defense and aerospace company. Altitude Angel’s market-leading UTM technology platform will be incorporated into Saab’s Digital Tower (r-TWR) solution as part of the agreement. Through this partnership, Altitude Angel will begin incorporating its GuardianUTM services into Saab’s r-TWR digital tower solution, permitting ANSPs and other relevant stakeholders to digitally approve and oversee uncrewed flights alongside manned flights, providing direct approval, clearance, and in-flight directions to provide improved situational awareness of the operation of drones.
The remote towers market report table of contents includes:
- Executive Summary
- Remote Towers Market Characteristics
- Remote Towers Market Trends And Strategies
- Remote Towers Market – Macro Economic Scenario
- Global Remote Towers Market Size and Growth
- Remote Towers Market Segmentation
- Remote Towers Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Remote Towers Market
- Remote Towers Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Remote Towers Market, Segmentation By Operation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Remote Towers Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Remote Towers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Frequentis Group Financial Performance
Table 76: Indra Sistemas S.A. Financial Performance
Table 77: Thales Group Financial Performance
Table 78: Svenska Aeroplan Aktiebolaget Financial Performance
Table 79: L3Harris Technologies Inc. Financial Performance
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