Remote towers solutions provide an advanced system to air traffic control by digitizing and incorporating airport functions. It allows air base Air Traffic Control (ATC) or Flight Information Service (FIS) from a remote position to facilitate streaming in real time of the view and to maintain a level of operational safety. The remote towers market is anticipated to grow as there is a high demand for remote towers due to increasing air traffic at tier 1 airports.
MARKET SCOPE
The "Global Remote Towers Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the remote towers market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading remote towers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on operation type, the global remote towers market is segmented into single, multiple and contingency.
- On the basis of system type, the market is segmented into airport equipment, remote towers module and network solutions.
- Based on application, the market is bifurcated into communication, information and control, flight data handling, surveillance, and visualization.
MARKET DYNAMICS
Drivers:
- Rapid increase in the number of airports due to the high demand for air transit
- increased need for efficiency and safety in air traffic control
- Remote towers is also a potential alternative to the construction of a new control towers when an airport expands and helps in cost savings.
- Modernization, digitalization, and overall growth of Air Traffic Management industry
Restraints
- Limited network infrastructure and the capacity issue of big airports due to fire technical failure or a security issue
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The remote towers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the remote towers market in these regions.
IMPACT OF COVID-19 ON REMOTE TOWER MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry?s topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
MARKET PLAYERS
The report covers key developments in the remote towers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from remote towers market are anticipated to lucrative growth opportunities in the future with the rising demand for remote towers in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the remote towers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Frequentis Group
- L3Harris Corporation
- Indra Navia AS
- Leonardo S. P. A
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies
- Saab AB
- Searidge Technologies
- Thales Group
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.