Remote towers Market Dynamics, Trends, Size, Growth And Forecast 2033

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.

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/remote-towers-global-market-report

 

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

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=9806&type=smp

 

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:

1. Executive Summary
2. Remote Towers Market Characteristics
3. Remote Towers Market Trends And Strategies
4. Remote Towers Market – Macro Economic Scenario
5. Global Remote Towers Market Size and Growth
6. Remote Towers Market Segmentation
7. Remote Towers Market Regional And Country Analysis

…………….

33. Key Mergers And Acquisitions In The Remote Towers Market
34. Remote Towers Market Future Outlook and Potential Analysis
35. 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

…………

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

 

Explore the trending research reports from TBRC:

https://goodprnews.com/outdoor-lighting-market-research/

https://topprnews.com/new-housing-for-sale-builders-market-statistics/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model