The global remote towers market size is expected to reach USD 584.3 million by 2027 while exhibiting a stellar CAGR of 31.05% between 2020 and 2027. This is attributable to the increasing focus on the modernization of airports across the globe. Fortune Business Insights, in its latest report, titled “Remote Towers Market Size, Share and COVID-19 Impact Analysis, By Operation (Single Multiple and Contingency), By System (Airport Equipment, Remote Towers Modules, Network Solutions), By Application (Communication, Information & Control, Surveillance, Visualization), and Regional Forecast, 2020-2027.”, observes that the market was worth USD 40 million in 2019 and is likely to witness significant growth in the forthcoming years.
COVID-19 Impact Analysis:
The coronavirus occurrence has caused severe loss and damage to industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure (Includes COVID-19 Impact Analysis):
List of the Leading Companies Operating in the Remote Tower Market are:
- Frequentis Group
- Saab Group
- Searidge Technologies
- Indra Systems
- Thales Group
- Harris Corporation
- Indra Navia AS
- Leonard Martin Corporation
- Raytheon Corporation
The report focuses on global major leading industry players of market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Veterinary Ultrasound Devices Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Remote Towers Market Size by analysing historical data and future prospect.
With tables and figures helping analyse worldwide Remote Towers Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
As stated in the report North America holds a significant share in the market. The trend is unlikely to change and North America may continue holding its position. The growth witnessed is attributable to high presence of key developers in nations such as Canada and U.S.
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. The report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to innovate novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Increasing Focus on Modernization of Airports to Augur Growth
According to the International Air Transport Association, the global air passenger traffic in 2019 rose by 4.2% when compared to 2018. Increasing air passenger traffic is placing a heavy strain on the terminal and ground facilities across several airports. Besides, this is leading to dangerous air congestion over major cities globally. To prevent any untoward incidents and mishaps, the airports are increasingly focusing on modernizing airport amenities and upgrading the operational services. Growing adoption of technology such as artificial intelligence (AI) and machine learning in the modernization process of the airports is expected to bode well for the growth of the global remote towers market during the forecast period.
Presence of Major Manufacturers in Europe to Aid Growth
Among all regions, the market in Europe is anticipated to witness considerable growth and hold the highest global remote tower market share during the forecast period. This is attributable to the presence of several manufacturers such as Thales Group, Saab, and Frequentis Group in the region. North America, on the other hand, is expected to hold second position in the market during the projected horizon. This is ascribable to factors such as increasing adoption of modern technology owing to the presence of major companies that are focusing on modernization of airports between 2020 and 2027.
LVNL Signs Contract with Saab to Supply Remote Tower Systems
In December 2019, Air Traffic Control the Netherlands (LVNL) announced that it has signed a 20-year agreement with the Saab Digital Air Traffic Solutions (SDATS). According to the LVNL, the contract involves an agreement by Saab, wherein it will install these towers at the Maastricht Airport and Groningen Airport Eelde. Additionally, Saab will construct a remote tower center at the Amsterdam Airport Schiphol. Adoption of strategies such as contract signing, partnership, and merger and acquisition by the companies is expected to contribute to the global remote towers market growth in the forthcoming years.
Reasons to Purchase this Report:
- Comprehensive analysis of the global Remote Towers Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
View Related Reports:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]
Connect us via Social Media Channels: