The Remote Towers Global Market Report 2023, provides comprehensive information on the remote towers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global remote towers market size is expected to grow from $0.17 billion in 2022 to $0.22 billion in 2023 at a compound annual growth rate (CAGR) of 24%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global remote towers market size is expected to reach $0.56 billion in 2027 at a CAGR of 26.8%.
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Technological advancements are a key trend gaining popularity in the remote towers market. Companies operating in the remote towers market are adopting new technologies to sustain their position in the market. For instance, in February 2020, Indra, a Spain-based defense electronic equipment, simulation, and automatic test equipment and information technologies company, launched artificial intelligence based digital remote-tower technology. It uses digital technologies; a remote or digital tower control gives operators a view of the airfield and its surroundings. It is the first system in the world to include artificial intelligence features that allow for the automatic execution of crucial air control procedures. It uses deep learning to increase take-off and touchdown maneuver efficiency and safety. Managing multiple aerodromes from a single operational hub allows up to a 50% reduction in tower building and usage costs.
The remote towers market 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 2022.
The table of contents in TBRC’s remote towers market report includes:
1. Executive Summary
2. Remote Towers Market Characteristics
3. Remote Towers Market Trends And Strategies
4. Remote Towers Market – Macro Economic Scenario
5. Remote Towers Market Size And Growth
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26. Africa Remote Towers Market
27. Remote Towers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Remote Towers Market
29. Remote Towers Market Future Outlook and Potential Analysis
30. Appendix
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