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 increasing focus on modernization of airports across the globe. Fortune Business Insights, in its latest report, titled “Remote Towers Market Size, Share and Industry 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.
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Russia-Ukraine War Impact
Exponential Demand for Anti-Jamming Antennas to Disrupt Industry Growth
At a time when the aviation industry is gearing to overcome the COVID-19 pandemic, the Russia-Ukraine war has disrupted the market forecast. Notably, the demand for anti-detection systems and GPS gained an uptick. So much so that European countries exhibited profound demand for secure transmission systems. Industry players have witnessed strong demand for multi-platform anti-jamming antennas being used to prevent detection and intrusion from enemies. The conflict had an indirect impact on air traffic and the raw material supply chain.
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.
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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 towers 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 remote 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.
List of the Companies Operating in the Market:
- Frequentis Group
- Saab Group
- Searidge Technologies
- Indra Systems
- Thales Group
- Harris Corporation
- Indra Navia AS
- Leonard Martin Corporation
- Raytheon Corporation
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