Home Press Releases Remote Towers Market Size Worth $1.32 Billion By 2030 | CAGR: 30.19%

Remote Towers Market Size Worth $1.32 Billion By 2030 | CAGR: 30.19%

The global remote towers market size is expected to reach USD 1.32 billion by 2030, according to a new study by Polaris Market Research. The report “Remote Towers Market Share, Size, Trends, Industry Analysis Report, By Operation Type (Single Multiple and Contingency); By System Type (Airport Equipment, Remote Towers Modules, Network Solutions); By Application; By Region; Segment Forecast, 2022-2030″ gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Frequentis is pioneering the creation of remote towers and deploying technologies all over the world. At Argentina’s Ezeiza Airport, the corporation is anticipated to put its mission augmentation and emergency system into operation. Future initiatives by creating cutting-edge remote virtual towers for both the civic and military sectors are anticipated in Brazil and New Zealand. These elements will support market expansion during the anticipated period.

 

COVID-19’s impact on the remote tower market is unpredictable, and it is expected to be in effect for several years. As a result of the COVID-19 pandemic, governments worldwide imposed lockdowns and prohibited imports and exports of critical raw materials for the majority of 2020 and a few months of 2021. Critical raw resources’ availability abruptly decreased as a result. The COVID-19 pandemic badly disrupted supply chains and manufacturing schedules, which harmed aviation production and sales, which, in turn, harmed the market for remote control towers in 2020.

 

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According to the U.S. Government Accountability Office (GAO), the country’s ATC system’s security could be jeopardized by cybersecurity flaws, which could cause severe disruptions. Therefore, cybersecurity in air traffic management (ATM) becomes more of a priority in order to prevent such cyber-attacks. To reduce the danger of cyberattacking, businesses and authorities should concentrate more on technical solutions, including possible blockchain and artificial intelligence (AI) applications. The market is anticipated to be hampered by this potential cyber security concern.

 

Remote Towers Market Report Highlights

  • The contingency segment is anticipated to grow at the highest CAGR. The contingency configuration refers to using a module and CWP as a backup for a regular tower.
  • Remote tower module accounted for maximum global revenue share. It offers Flight Information Service (FIS) from a location other than the airport while maintaining an operational safety level comparable to that possible utilizing a human tower at the aerodrome to monitor both air and ground movements.
  • In Asia-Pacific, the market is expected to show the second-largest revenue share after Europe during the projected period. The number of air traffic passengers is rising, and the commercial aviation industry is growing. Southeast Asia is a popular destination for international tourists.
  • Major players operating in the global market include Frequentis Group, Raytheon Technologies, Saab Group, Searidge Technologies, Indra Navia AS, Avinor, Thales Group, Indra Sistemas, L3Harris Technologies, Kongsberg Gruppen, Northrop Grumman, RETIA AS, ROHDE & SCHWARZ, and others.

 

Polaris Market Research has segmented the remote towers market report based on operation type, system type, application, and region:

 

Remote Towers, Operation Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Single
  • Multiple
  • Contingency

Remote Towers, System Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Airport Equipment
  • Remote Tower Module
  • Network Solution

Remote Towers, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Communication
  • Information & Control
  • Flight Data Handling
  • Surveillance
  • Visualization

Remote Towers, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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