The global remote towers market size is expected to reach USD 727.60 million by 2032 while exhibiting a stellar CAGR of 25.00% 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, 2024-2032.”, observes that the market was worth USD 40 million in 2019 and is likely to witness significant growth in the forthcoming years.

Remote tower is a modern concept wherein the overall air traffic services of an airport are managed at a different place than the local control tower. They offer several benefits over the conventional air traffic control systems located at the airport. They provide extensive support tools that enhances the safety and improves the operational activities of the airport. Additionally, they provide several cost-saving options and aid in reduction of maintenance costs. These towers are equipped with sensors, high-resolution cameras, and hardware that deliver optimum quality air traffic services and are adopted widely across several airports across the globe.

List of the Companies Operating in the Market:

• Frequentis Group
• Saab Group
• Searidge Technologies
• Indra Systems
• Avinor
• Thales Group
• Harris Corporation
• Indra Navia AS
• Leonard Martin Corporation
• Raytheon Corporation

Information Source:

https://www.fortunebusinessinsights.com/remote-towers-market-102523

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.

DRIVING FACTORS